Opening a cannabis dispensary is not an easy task, no matter how many “expert” opinions you read in magazines or on the internet. The actual cost of opening a cannabis dispensary may range from several hundred thousand to several million, with each category of expenditure varying by state and/or locale. In addition to running the business itself, many marijuana establishments also need to hire licensed employees to oversee the operations, as well as obtain local, county, and national permits to sell and distribute marijuana products. These costs are often in addition to the original investment of buying the property, preparing the location for the business, preparing all the equipment, furniture, etc., and purchasing all the marijuana products that will be sold. All this adds up fast. If you would like to learn more about this, please check out Jet Cannabis Recreational Marijuana Dispensary – Dispensary near Me.
In addition to expenses above, there are other costs to consider. In Colorado, for example, tax revenues are expected to more than triple in the next seven years due to marijuana sales and use, which is projected to cross the one million mark in 2021. That is a lot of revenue! Therefore, any reasonable person will assume that it would be quite costly to open a cannabis dispensary in Colorado. However, opening a cannabis dispensary in the great state of Colorado requires very little overhead, compared to opening a traditional business in Colorado. This is because in Colorado, as long as the applicant is above 21 years old, he or she can operate a commercial marijuana facility…up, to a point!
The good news is that there are many well-established firms in Colorado which are willing to help new and junior entrepreneurs obtain permits to operate marijuana dispensaries and grow their own marijuana plants. These firms provide top notch legal and financial services to the cannabis dispensary entrepreneurs. Thus, one has several different options to choose from when deciding on the right business model for his/her needs. Whether one wants to open a cultivation facility, an edibles company, an extraction company, a delivery company, or even a testing lab, a qualified and experienced company can help make things happen!