Opening a dispensary is a dream for many people. The medical marijuana industry is highly profitable and this is the reason many people are looking to start their own marijuana businesses. To be able to open a dispensary, it is essential that applicants meet all the legal requirements. There are strict rules in place and a dispensary can only be opened on compliance with the local and state rules and laws.
If you are looking to open a dispensary, you must keep in mind that you need to have at least $500,000 in hand. You will be required to pay a hefty application fee and take care of other costs related to setting up your dispensary. In addition to these costs, you will have to secure a performance bond too. So basically, it is not possible for just any individual to open a dispensary. the person must be financially able and prepared for the challenges because this is quite a risky business. To open a dispensary, applicants must submit a range of documents that proof that they are eligible to set up such businesses in the state. They must be over the age of 21 and have never been convicted of a felony, especially one that is related to controlled substances.