Setting up a cannabis business is a wonderful idea, but do you know how much does a cannabis dispensary license cost? It always helps to know about the costs in advance before you prepare yourself for the application.
When you are planning to start a cannabis dispensary, you will have to go through several stages before you can start operating legally. There is not a single type of license that you will have to obtain, but several during the entire process. Initially, you will have to pay a state cannabis license fee which can be around $1000. The next fee which can range from $4000 to $72,000 will go towards your state cannabis annual fee. Depending on the size of your establishment, the local approval fee may range from $5000 to $30,000. Again, depending on the size of the set up, you will have to pay for environmental assessments and permits such as from the Water Board. The amount you pay can range from nothing to $30,000.
Since you will have to consult with professionals prior to starting your project, you will have to pay consultation fee varying from $20,000 to $40,000. The fee structure may vary from state to state, but overall the states have a similar list.