Obtaining cannabis cultivation permits can help you get started in the legal cannabis industry. You can get started as a grow and earn money by selling the products to dispensaries and delivery businesses. Depending on the state you live in, the costs associated with obtaining cannabis cultivation permits vary. In most states, you can expect to pay around $5000 just to make an application for a permit. Also don’t forget that if you don’t win the application, you will not be able to get the fee back because the fee for making such applications is non-refundable.
The selection procedure is entirely based on merit and you can stand a chance to win the application if you manage to impress the assessors. If you are successful and obtain cannabis cultivation permits, you can expect the start-up costs to be around $250,000 which can be way too much to afford for an average person or company. Aside from having this amount reserved for starting the business, you should also be prepared to pay monthly rent as well as a security deposit if you don’t own the property. Other costs may include cost of office supplies, initial inventory, security systems, signs to display your business logo and name, etc. However, the total amount for getting started may vary depending on a variety of factors one of the major ones being the size of your operation.
Marijuana Business Management: