Dispensary business license applications are available to those that can afford the high cost of doing cannabis business. Each of the states that have legalized the use of cannabis either for recreational or medical purpose allow only a limited number of dispensary businesses to be set up.
Depending on the state you live in, the cannabis business license application process has either opened or will be opened any time soon or closed or they gave it to the highest bidder. The regulations that have been enacted related to the medical cannabis industry have provisions for cannabis cultivators, product manufacturers and dispensaries. During the first phase of the cannabis business application program, dispensary business license will be issued to millionaires and millionaire business investors. The cannabis business operators will; be left out of the dispensary business license process.
Obtaining a dispensary business license will require applicants to demonstrate that they are legally and financially in a position to open a legal cannabis business and cater to the needs of cannabis users. Depending on the type of business, applicants are looking to start, the capital requirements will also vary.
In order to obtain a dispensary business license, applicants must provide a proof of capitalization to prove that have enough money available in the bank to start and operate their cannabis business. The actual amount that will be needed to set up a business will be over 2 million which the applicant must have. Initially, the department will issue about 50 permits, but the actual number of permits varies from state to state.
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* Cultivating | Processing | Packaging | Transporting | Dispensary*
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