Home Health How to Open a Medical...

How to Open a Medical Marijuana Dispensary

Opening a medical marijuana dispensary might be a little more complicated than you’d think. For starters, why do you plan to open up this dispensary? If you are doing this because you think you’re going to make a ton of money, then you might want to reconsider your options.

On the other hand, if you’re opening this dispensary because you think you can help people, then by all means you should go forward with this process. According to ThinkCanna.com, getting a marijuana business license is difficult, but it’s certainly not impossible.

They can help future dispensary owners because they know the ins and outs of the legal aspects and qualifications. “Applications are assessed in great detail. Regulators remain concerned about the legalization of medical cannabis and are scrupulously evaluating all aspects of your plan, your team and your ability to create an outstanding case for your business license.”

Whether you get help from experts like those at ThinkCanna.com, or you attempt to go it alone, there are certain steps that you must follow in order to make your dispensary owning dreams a reality.

Is It Legal to Open a Medical Marijuana Dispensary in Your State?

Before doing anything else, you need to find out if it’s even legal to open a medical marijuana dispensary in your state. At this stage of the game, we’ll have to assume that you’ve done your research ahead of time.

In case you haven’t, you can check with the National Conference of State Legislatures to find out if it’s legal to own a medical marijuana dispensary in your state. Just visit their website and scroll to the bottom to find out information on a state-by-state basis.

Incorporate Your Business

As you can imagine, you’ll need to follow specific steps in order to qualify for business incorporation. First of all, you must become established as a non-profit organization first. You can do this by becoming a collective or a cooperative.

Many experienced dispensary owners say that it’s better to become a collective. If you are uncertain about this step, and feel that you can benefit from legal expertise, we highly recommend hiring a lawyer at this stage of the game.

By hiring a lawyer, you will receive the legal advice needed to ensure the entire incorporation process goes smoothly. Otherwise you could end up making costly mistakes that will put your medical marijuana dispensary ownership in jeopardy.

Obtain Financing for Your Business

It’s going to be nearly impossible to start your own dispensary if you do not have financing available to make it possible. On average, dispensary start-up costs will run you anywhere from $250,000-$500,000. So you must finances available if you plan to set this business up correctly from the very beginning.

You can contact a traditional lender to obtain the financing. And if you plan on going this route, you better have a proper business plan in place. Otherwise you will get laughed out of the building.

Even so, having a business plan is no guarantee that you will receive traditional financing. Because of the nature of this business, many lenders are unwilling to loan money to qualified borrowers.

Obtain a Marijuana Business License

At this stage of the game, it’s time to finally obtain a marijuana business license. This part of the process is necessary for tax purposes. More than likely, you’ll have to pay an annual $100 fee to maintain the ability to sell marijuana legally.


For every ounce of marijuana that you sell, you are required to pay a $10 tax stamp. The easiest way to run into problems in this industry is to fail to pay the necessary amount of taxes to the IRS. Don’t scrimp or try to cut corners.

Open Your Medical Marijuana Dispensary

It’s time to finally open up your doors and begin running your dispensary. Thievery is a problem in this business, so make sure you have good security on hand to help you with potential theft problems.

Editorial Staffs at Healthtian, A team of Writers.

Trending Posts

Welcome Winters With a Balanced Vata Dosh (Ayurveda)

With winters in its full swing, the nature’s cycle has changed. Just like our body, Ayurveda has a dosha or a constitution for every...

Recovery After C-section

Some births won’t be possible without the need for a cesarean operation. This is why a c-section is done as the last option for...

Eating Vaginal Discharge and It’s Health Benefits

For many people, vaginal discharge is a sign that a woman is ready and willing to have sex. Vaginal fluid is a whitish fluid...

Genital Warts: Do They Go Away Naturally? What to Expect?

Human Papilloma Virus is the causative organism for genital warts. The virus is available in various strains, and it can be contacted by many...

Anklet Charms and Hot Wives What Do They Mean?

Women all over the world love to accessorise. From putting on necklaces to wearing makeup and buying the latest trending clothes, women are ready...

Skin Rashes: Causes, Symptoms and Effective Home Remedies

Skin rashes are common skin problems experienced by millions of people worldwide; it is characterized by a visible change in the color and texture...

A Few Reasons Why Its OK to Go Braless

Having a bra on for long hours is one of the most uncomfortable things that a lady has to deal with almost every day....

Kinky Sex Punishment Ideas You Should Try

Is your submissive being a spoilt little brat? Are you noticing some unwanted behaviour? Do not be dismayed. Sometimes subs can be naughty, and...

COVID-19 and Asthma: Everything You Need to Know

The COVID-19 pandemic is gradually revealing new aspects of itself and how it affects people with various underlying medical conditions.The novel coronavirus infection can...


Stay Connected

Get our Wellness newsletter

Nurture yourself with health tips, wellness advice, and more.

Related Posts

15+ Things That Can Harm Your Vagina

Your vaginal health is of utmost importance if you want to be physically well. While the vagina has a self-cleaning mechanism, you should take...

Creatinine: Everything You Need to Know

Creatinine is simply a waste product produced in your body. It is a by-product of metabolism gotten from the normal wear and tear that...

Understanding the Health Risks Associated With Cosmetic Surgery

Pretty much every surgery is going to come with some type of risk. There are ways to reduce the risks to a minimum, but...

6 Vital Health Checks That Deserve Your Attention

Health they say is the greatest wealth, and wealth is the dream of every average man. The health of a person comprises of the...

Three Things You Can Do to Prevent the Spread of Infection

Infections can spread alarmingly easily throughout the population and can cause a wide range of health problems, some of them potentially very serious. The...


Please enter your comment!
Please enter your name here