As of 2017 marijuana dispensaries were serving around 100 customers per day. The industry to continue growing even in the future, so if you are thinking of getting into this industry, this is the best time before it gets crowded. If you are thinking of starting of cannabis dispensary below is a guide.
After marijuana dispensaries they were authorized in 2013, medical marijuana was legalized 3 years later. It is expected the sales of marijuana to be at 280,000,000 dollars in the years 2021. By that time getting a license will be a very competitive. If you have tips on how to start a cannabis dispensary, it will be easier for you.
The number of dispensaries allowed per county in Nevada depend with the population. The population guidelines are, if the population of a county is more than 700,000 then around 40 dispensaries are allowed. More than a 100,000 population but less than 700,000 they allow 10 dispensaries, while a population of below 55,000 only one dispensary is allowed.
To obtain a cannabis license, there is some fee that you will be required to pay. If you are opening a medical cannabis dispensary, you will be charged $30,000 for registration and $5,000 for renewal. For medical cultivation facility and cannabis products manufacturer, you pay the same fee for renewal and registration. The registration fee as per now for a testing lab is $5000 and a the renewal fee is $3000. Both whole sellers and retailers of cannabis products are charged a 2% excise duty.
If you need to acquire a license, it is advisable you get it from the tax department. You can read more on cannabis licensing here.
The types of cannabis retail business are 5, there is the distributor license which allows one to transport cannabis from one establishment to another.
If you need a license for cultivating, growing and packing the cannabis get the cultivation facility.
If you need a license to manufacture the cannabis and cannabis products, get the products manufacturing facility.
The retail store license is ideal for anyone that wants to buy marijuana from manufacturer and sell to consumers.
If you want to test the marijuana, a testing facility license is ideal.
It is a requirement to have around $250,000 in cash as start up for the business and proof you have a facility to run the business. For all the employees working at the facility, it is important you do a background check on them.
The marijuana business is a lucrative business and you can make a lot of money.
Do you know you should be 21 to acquire cannabis products. To purchase the medical marijuana, you qualify if you have the following conditions, AIDS, cancer, severe pain and many more.