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You must have a Medical Marijuana Treatment Center license to be able to dispense, cultivate, process, and transport medical marijuana in Florida. The official legal sales then started on January 1st, 2017, when the stores that had previously received their licenses could start their operations. Before applying for a license in California (the application fee is $6,000), you should check what cities are accepting new applications at that moment. Knowing how risky it is to run a cannabis business while the legal environment is still so complex, you should strongly consider buying adequate cannabis dispensary insurance for your company. However, cities like Tacoma, Olympia, Bellingham, and Spokane make for good alternatives. The estimated up-front cost of opening a dispensary in Missouri is between $85,000 and $150,000. Application & Dispensary Licensing Costs: Retail Innovation Labs LLC Trading as Cova Software. How Much Does it Cost to Open a Dispensary? - MjSeo Agency Location within Health Service Area. But when it comes to starting any business, location is key and you need to pick the best place to start a cannabusiness. Being among the first states to fully legalize cannabis, Colorado is home to many dispensary owners, and the average price of $241.74 per ounce also makes it a popular destination for recreational users. Its the highest of any US state, and the figures are set to grow exponentially. How much will it cost to open a dispensary in Virginia? Retail sales tax is at 17% statewide, and there is an option to add 3% of sales tax locally. Please enable JavaScript on your browser and try again. Michigan Dispensaries | Nationwide Dispensaries How much does it cost to open a dispensary in Connecticut? Looking at the tax landscape, licensing fees, and other startup costs, we concluded that, cost-wise, the best options for your first cannabis dispensary could be Oregon and Colorado. Starting a marijuana delivery service in Washington is also a lucrative option. What Is The Cheapest State To Open A Dispensary? - Green Times Network Medical marijuana dispensaries are also big in MA.