Dispensary Jobs and Salaries in Oklahoma
While ZipRecruiter is seeing salaries as high as $83,416 and as low as $17,513, the majority of salaries within the Dispensary jobs category currently range between $26,729 (25th percentile) to $49,312 (75th percentile) with top earners (90th percentile) making $69,590 annually in Oklahoma.
The average salary for a dispensary manager is $69,573 per year in California. The average Budtender salary in Oklahoma is $34,248 as of January 27, 2022, but the range typically falls between $30,520 and $38,224.
Opening and Running a Dispensary in Oklahoma
Can anyone walk into a dispensary in Oklahoma? To file a DBA in Oklahoma, you will need to submit a DBA application to the Oklahoma Secretary of State. The application must include the business name, the names of the business owners, and the business address. Once the application is approved, you will need to pay a filing fee.
Profitability for Dispensary Owners
Well-known marijuana entrepreneur Gary Cohen says that the average profit margin for a dispensary is between 15% and 21% after taxes. The owner of a dispensary with annual revenue of $5 million or more could expect to make a salary of $500,000 per year — or more.
According to industry analysts, the average income of a dispensary owner ranges from $50,000 to $200,000 per year. However, location is one of the primary determinants of dispensary owners’ earnings.
On average, dispensary owners make between $250,000 to $500,000 annually, depending on the scale of the dispensary. Another survey by Marijuana Business Daily reported that only 18% of owners said they were “very profitable,” 41% said they were “moderately profitable,” 29% said they were breaking even, and 12% said they were running in the red.
Dispensaries are known to make money, so it’s safe to say owning a dispensary is a profitable business. As per an MJBizDaily survey, the average dispensary owner salary ranges between $250k and $500k per year.
Dispensaries situated in high-traffic areas and near tourist destinations tend to generate more sales and profits than those located in residential areas or rural regions.
The average profit dispensary owners can expect is around $1.8 million per year. Profit margin varies between dispensaries.
Even with the amount of regulation and challenges entrepreneurs have to deal with in the cannabis industry, nearly 90% of operating dispensaries, wholesalers cultivations, and infused product companies have reported that they are immensely profitable.
Additional Considerations
As of June 2023, the average Marijuana Dispensary Specialist salary in Oklahoma is $143,695, with a range typically between $137,042 and $150,338. Factors like education and experience can affect salaries.
Currently, Oklahoma dispensaries are cash only. In-store ATMs are available with no transaction fees, but banks may charge their own fees.
Oklahoma has over 2,000 dispensaries, the most nationwide. Related economic factors like property values and future legalization impacts remain uncertain. Accounting for dispensaries has been important for Oklahoma City officials.