How Much Does It Cost To Open A Dispensary Business 2024?

Factors That Affect the Cost of Dispensary

1. Legal Environment 2. Size 3. Market Barriers

Dispensary License Cost

The licenses of dispensaries vary quite a lot, both in quantity and also in the amount you need to pay. Every state has different requirements for licenses, and their fees also change based on these requirements.

Cheapest States To Open A Dispensary

1. Oregon 2. Colorado 3. Michigan 4. Alaska 5. California

Dispensary Owner Salary

If the owner of the dispensary owns 100% of the business, they can expect to pocket anywhere between $100,000 to $1.2 million in annual profit.

Can Anyone Open A Dispensary?

Anyone who can satisfy the licenses and permit requirements, the money and is legally allowed to run a business can open a dispensary.

Average Cost To Open A Dispensary

Even though opening a dispensary is quite similar to opening any other business, the regulations might make it way more expensive than you think.