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See how low shipping rates from the US can be! WeightInflation Breaker 7 - 11 daysFedEx Priority 3 - 6 days1lbs8.50 USD25.89 USD2lbs15.79 USD28.00 USD3lbs16.60 USD32.18 USD4lbs20.00 USD37.20 USD6 more rows
The cost of opening a dispensary in New Jersey is likely between $250,000 to $2,000,000. The variance is due to several cost factors, including where your dispensary is located and the type of license you acquire. Opening a micro business dispensary costs less than the projected amount.
Costs of Opening and Running a Dispensary CostExpected AmountThe non-refundable application fee$10,000The initial permit fee after obtaining the license$60,000Taxes and feesTotal 25%: Retail cannabis sales tax of 21% and additional sales tax of up to 3%.1 more row ?
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. If you haven't considered these two states yet, now might be a good time to look into what they have to offer.
Hire a Great Dispensary Team. ... Plan Your Financials. ... Find the Right Location for Your Dispensary. ... Get the Right Business Plan. ... Choose Your Legal Entity. ... Set Up State and Federal Taxes. ... Start a Business Bank Account and Line of Credit. ... Get All Cannabis Related Licenses, Permits, and Business Insurance.
To successfully apply for your dispensary license you will need: Legal Name of the Dispensary. Physical address of the prospective Dispensary. Names, birth dates, proof of residency for all owners and investors of the Dispensary. Business Plan, including plans for security, record keeping and product diversion mitigation.