Where Is It Cheapest to Open a Dispensary?

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Cost Breakdown for Opening a Dispensary

  • Startup Capital: $150,000 to $2,000,000
  • Expenses: Annual advertising fee, renting fee, license application fees, yearly staffing, and security

Licensing Fees and Revenue

  • Application Fee: $4,500 plus $2,500 to the local jurisdiction
  • License Renewal: $1,800 annually

Revenue Details

  • Dispensary with over $5 million annual revenue: $500,000 annual salary
  • Smaller company with $1 million annual revenue: $27,000 a day

Regulatory Requirements

  • Retail cannabis sales were $1.82 billion last year
  • Applicants must be 21+ years old, live in Colorado for a year, or be a U.S. citizen
  • Regulations on dispensary proximity to schools, parks, etc.

Additional Factors for Opening

  • Costs to open a dispensary: $50,000 to $250,000
  • Considerations: Size, location, products offered, and available capital

Main Goal of a Dispensary Owner

  • Owner of Cannasseur aims to become one of the best dispensaries in Pueblo.

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