The startup capital of a dispensary in Colorado ranges between $150,000 to around $2,000,000. This amount covers the license application fees, renting fee, yearly staffing, annual advertising fee, and security.
- License application fees
- Renting fee
- Yearly staffing
- Annual advertising fee
- Security
Costs of an application and a dispensary license in Washington State range from $5,000 to $30,000. In terms of application costs, a rough estimate of $5,000 is reasonable.
A smaller company with estimated annual revenue of around one million will make about $27,000 a day. A dispensary owner with more than five million annual revenue will receive a $500,000 annual salary!
Select a dispensary location in Colorado. Most states have strict regulations that control dispensary zones. Some cities elect to adopt regulations allowing only cannabis delivery into them. The biggest factors affecting the cost are the application fees, taxes, and the cost per ounce.
Retail cannabis made up most of last year’s sales at $1.82 billion in Colorado.
All applicants must be 21 years of age or older. Software ranges from $300 – $600 a month, plus fees for hardware. The cost of starting a dispensary ranges from $50,000 to $250,000.