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How do you start a dispensary business legally in your state without having to worry about the boys being on your back? ( code for cops) Now in this video, I’m going to break down the start-up cost, expenses, and, most important, the profits of getting into the cannabis industry. Questions I’m going to answer Is worth it Is it hype Is it a long term thing Ps: Some articles say 500k-2million ( however that’s just crazy) is kind of like people that think it takes a million to get into real estate; it's all about how creative you get legally. How to start cannabis dispensary business | legally First Thing Legal states: Medical Use: 24 States Medical and Recreation Use: 9 states Understanding the laws Start-Up Cost: License: However, states limit the licenses they give you, so you want to talk to a state regulatory agency. If none Available: you can always buy an existant retailer and get their license ( tactics used by some people to get bank licenses also) Retailer License: 1500-6000 and could require a requiring annual fee Location/Retail Spot: ( cant be around a school and as to be approved by the state) Inventory: Prices range by distributors Employees: Minimum wage or how much you choose Expenses: Space: $2000-16,000 or more depending on the location Employees: Minimum wage which is $12 you'll probably pay more Inventory: $1,464 per pound which around 453 grams Average Dime weighs: .5 grams which are ( 906 dime bags) The volume of what you do Legal fees to make sure you stay within the laws: ( compliance officer) Profits: Medical Prices: are actually higher than Recreational ( Insurance pays vs. individual pays) Cannabis Price: you have Normal Cannabis and Then Brand Cannabis ( like the difference between Gucci shirts and Hanes shirts, they all fit but it's different) Average Price: California Example ( don’t forget about the Tax) 1 gram: 10.82-$13.52 ( calculate Profits ) 1 Pound 1700-1816 ( calculate Profits) Challenges: Biggest It's getting a license ( you’ll need connections) PRO TIP* INFORMATION IS EVERYTHING 👕Merch👕 https://teespring.com/stores/tommybryson ✅2 FREE AUDIOBOOKS✅ https://amzn.to/2Enayo8¬¬¬ 🎁ACORN FREE $5🎁 Link: https://acorns.com/invite/38EYSU ⚡FREE KINDLE UNLIMITED⚡ (traditional reading) Link: https://amzn.to/2VGbxt9 👨🏽💻DISCORD PRIVATE GROUP👨🏽💻 ( Limited - Comment if Full) / discord My Camera Gear: https://amazon.com/shop/tommybryson ✔ Help Us Reach 50,000 Subscribers: https://goo.gl/0wvm6w Social Media~ Facebook: / tommybryson.yt Twitter: / tommybrysonvlog Instagram: / tommybryson Snapchat: tommy28fly