Can I Start a Dispensary in Alabama?

Alabama:
- Non-refundable application fee: $2,500
- Licensing application and development costs: Between $35,000 to $75,000
- Capital costs after licensing: Ranging from $400,000 to over $1,000,000
California:
- Average cost of opening a dispensary: Ranging from $150,000 to over $2 million
- Startup costs include annual staffing costs, rent, and yearly renovations
- State issues only five integrated facility licenses and 12 cultivation licenses
Oklahoma:
- License cost: Approximately $2,500
- Startup costs: $10,000 to over $150,000
South Dakota:
- Fees to open a dispensary: Up to $100,000 in addition to a $5,000 state application cost

Ongoing expenses include rent, payroll, inventory, utilities, advertising, and taxes
Compliance is crucial for profitability
Heavy security systems help reduce theft risks
Retail POS systems assist with inventory management and sales tracking

Challenges:
- Funding is a significant hurdle
Income Potential:
- Location, store quality, and customer volume significantly impact income
- California’s dispensaries can generate high profits

Arkansas:
- Closer to adopting a recreational marijuana program after a state Supreme Court ruling

Alabama:
- Accepting applications until October 14, with winners announced on June 12, 2023
- Fee for integrated facility license: $50,000
- Limited facility licenses issued: Five integrated and 12 cultivation