License Application and Fees in Colorado
- The license application fee for growers, processors, and dispensaries is $2,500 per facility and license type. Renewal occurs every year for $2,500 each. Licensing fees are $30,000 for the first 150 plants, and $10,000 for each additional 50 plants after that, up to a 450 plant limit. You can grow up to 99 plants with a medical necessity license.
Marijuana Regulation in Colorado
- Amendment 64 legalized recreational use in 2012 for adults over 21. The Marijuana Enforcement Division regulates businesses. Separate licenses are required for each business, entity, and location. There are 12 license types for recreational businesses. Tracking plants from seed to sale is required.
Growing Limitations and Regulations
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More than 12 plants per residence is not allowed without a license. Fingerprints and background checks are required for owners and investors. Prospective owners should research laws and consult an attorney.
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Medical patients can grow up to 6 plants with a doctor’s recommendation. Additional plants are allowed with medical necessity.
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The average annual revenue for a dispensary is $1.5 million. The startup cost ranges from $150,000 to $2 million. After obtaining a license, costs include fees, rent, staffing, and security.