How to Start a Cannabis Dispensary Business | Legally

How to Start a Cannabis Dispensary Business | Legally

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
– 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)
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)





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  1. Glorious Asssquat on May 22, 2022 at 11:32 pm

    "doesnt make sense to pay your employees well" evil

  2. TommyBryson on May 22, 2022 at 11:33 pm

    Would you rather do Recreational or Medical purpose selling or Both?
    ***More business Plans***

  3. Silver Light Fox on May 22, 2022 at 11:35 pm

    I think the cannabis industry is still in its infancy in my opinion, since not that many years ago when I was a teenager it was still illegal, but I think it has alot of untapped potential also

  4. Dolo214 on May 22, 2022 at 11:36 pm

    Tommy isn’t the guy to go to for this info. Be careful with people who sell info on ish they don’t do. They typically don’t know what they are talking about.

  5. Devon✚➊❪➐🅞➐❫❼➏➐➊➌➒➌ on May 22, 2022 at 11:37 pm

    Who need a plug and already has clientele? Hmu, let’s work. Got good pounds going for $1500 straight from Cali. I’ll plug you up, looking for a solid reliable partner who isn’t on no fed shit. I’m a grower up in northern Cali but I can also ship. My line up there hit me☝️

  6. Aiconic on May 22, 2022 at 11:38 pm

    Gotta have $4 million liquid in Illinois bro. License alone is $500k. Only the big boys get to play.

  7. Jennifer Kilmer on May 22, 2022 at 11:42 pm

    It cost to much in my state the license cost a quarter of a million in nys

  8. esther mariscal on May 22, 2022 at 11:42 pm

    I think that the best Business

  9. Jaelyn Diamond on May 22, 2022 at 11:43 pm

    A pound is 448

  10. Robert Silva on May 22, 2022 at 11:43 pm

    Well technically federal law enforcement can raid your business and arrest you under Federal law supersede state law

  11. Dorion Owens on May 22, 2022 at 11:44 pm

    If weed is legal in your state can you grow it and sell it out of your own dispensary? And still sell to other dispensaries if you have you license to?

  12. Yafar on May 22, 2022 at 11:46 pm

    I have my own app (smoke dispenser)
    For funding Workers

  13. TBreacts on May 22, 2022 at 11:49 pm

    I think you can bro I know where a dispo is right by a preschool

  14. Charles Gossett on May 22, 2022 at 11:50 pm

    I have land to grow I’m looking to lease acres.

  15. Ray Morisoli on May 22, 2022 at 11:51 pm

    Yo isn’t there 448 grams in a pound? A quarter ounce of pot is 7 grams and so forth……

  16. Benjamin Tomoney on May 22, 2022 at 11:54 pm

    Can you use your dispensary license in any state

  17. SFV on May 22, 2022 at 11:55 pm

    Lol what a loud of bullshit. Dude doesn’t even own his OWN dispensary yet he’s telling us how it works haha

  18. Keaton Turner on May 22, 2022 at 11:56 pm

    A bunch of blunt statements

  19. Wilson Fisk on May 22, 2022 at 11:56 pm

    Appreciate all the knowledge.

  20. WallyWest on May 22, 2022 at 11:59 pm

    How are you giving advice on how to own a business that you don’t even own? It seems as if most of your channel consist of just regurgitating financial knowledge you found in literature and giving advice on owning business that you yourself don’t own…

  21. Veeru Kabaka on May 23, 2022 at 12:00 am

    I’m tired of seeings pts on medication that some don’t work. When this works!!!

  22. Joe Smith on May 23, 2022 at 12:00 am

    my dream is become an owner.

  23. ROBIN LUTKER on May 23, 2022 at 12:00 am

    Very interested

  24. Orange Apple on May 23, 2022 at 12:00 am

    As a small business owner already, these calculations are very rudimentary. It would be more interesting to see you bring operational costs into this as well as cost of acquisition and fulfillment. Marketing costs, licenses, average real estate costs, supply chain costs individually are nice, but putting them together and formulating a suggested retail price, a strategy for market capture, some padding for unforseen expenses, and a true idea of startup costs overall would have taken this video to the next level. Also as far as this market is concerned, I don’t know if traditional methods for raising capital will support marijuana. What alternatives are friendly to the marijuana industry for funding?

  25. Florida Shores on May 23, 2022 at 12:02 am

    I love it because it can life you out of poverty

  26. Samuel Mengsteab on May 23, 2022 at 12:05 am

    Can u apply for my license if u accountant please?

  27. David McKay on May 23, 2022 at 12:05 am

    Ok, a Homeboy doesn’t Represent God. David

  28. Joshua BCROWN on May 23, 2022 at 12:07 am

    Fuck da legal way

  29. Mvn Hiimself on May 23, 2022 at 12:07 am

    Yeah Ok pal , I’m good having my private farm in the Caribbean

  30. Glen Jenkins on May 23, 2022 at 12:08 am

    what abt rules/regulations on leasing an office space, that i mortgage, to a cannabis retailer? like can you lease out an office/retail space that is part of a building that is currently under mortgage?

  31. Huz on May 23, 2022 at 12:09 am

    My problem is, I wanna buy my weed from my local plugs lol Fuk the government

  32. Sebastian Rodriguez on May 23, 2022 at 12:09 am

    Who do they buy the cannabis from ? Who is allow to sale cannabis to a dispensary ?

  33. Terrence Banks on May 23, 2022 at 12:09 am

    Also, you’re misleading viewers. You can open a cannabis business without getting the state license. Depends on what business model you’re applying for. Delivery services, cafes, speakeasies, social clubs are totally different from dispensary licenses. Remember, just because you Google something doesn’t mean it’s a fact! I operate a cannabis business right now with just a simple DBA file. Also, some dispensaries do require you to have 6 figures to get started. Stick to accounting dude!!

  34. justin west on May 23, 2022 at 12:10 am

    Thumb nails a lie you’ll probably make a lil over 500 per pound

  35. Tony Diablo on May 23, 2022 at 12:14 am

    What size are the dime bags you’re talking about? 2×2
    1.5 x 15 ?

  36. Terrence Banks on May 23, 2022 at 12:14 am

    Dam you in the Cannabis industry too? Lol! This is my lane all day here on the west coast so my ? Is where do you operate at? Name of your company etc? I asked you this about the lender thing.. Ok, very weird that someone who doesn’t operate in any of these businesses is giving advice..Oh yeah, you just Google the topic, get some quick details then upload a video like you’re seasoned.

  37. Thoro Byrdy on May 23, 2022 at 12:14 am

    This is an amazing wave 💯👈🏾

  38. Mary Moon on May 23, 2022 at 12:18 am

    I like to use weed to relax.

  39. High Swag on May 23, 2022 at 12:18 am

    I wanna start my own business making foods spots and everything like that

  40. eciuj xob on May 23, 2022 at 12:19 am

    Good info.i wanna start my own dispensary now that new Mexico is barely legal

  41. Hank Hill on May 23, 2022 at 12:20 am

    P on op. P op. P p p p p on p one pn on p p op. P op p. Op boo boo no op no op o o o. O o o b op. O o o o o boo b o o o o. O o o o boo oo b

  42. AMPtheGamerGod2 on May 23, 2022 at 12:22 am

    You told us prices for the product.. but yoy never said how or wjere or who to get it from.

  43. talitha Baker on May 23, 2022 at 12:22 am

    I love it and I am going to do it thank you for the viable information.

  44. Cake Banks on May 23, 2022 at 12:23 am

    They have the license to give out. They’re just putting a hold on the business for big corporations. They wanna make the money off of it first. Political criminals.

  45. Siranush Sahakyan on May 23, 2022 at 12:24 am

    Do you have your own store?

  46. Danyell Ward on May 23, 2022 at 12:25 am

    great video but fyi cannabis is not paid by any health insurance due to it not being legal Federally….

  47. 415ck on May 23, 2022 at 12:26 am

    everyone around the bay area is growing in there own house or rent a house cost less than 100k to start growing & about 18-36 light per house that is about 45-90 pounds every 3 month , after the first 3 month harvest people usually trying to cycle the harvest to 7weeks per harvest , if you know what you doing probaby 45-60pounds every 7 weeks with 200 amp of electricity . normal house only support 100 amp but you can upgrade it.

  48. Florida Wealthy on May 23, 2022 at 12:28 am

    $6k pound? You crazy af

  49. Tia West on May 23, 2022 at 12:30 am

    Your information is not exactly accurate.

  50. ricky rivers on May 23, 2022 at 12:31 am

    This was not very good…..sorry. It lacked depth and you seem to be conflicting your message, a lot!