1.Deciding what type of marijuana business to start – 2. Writing your business plan
Is it profitable to own a dispensary?
Washington became the second state to develop a legislative regime for all those operating CBD dispensaries in order to improve patient access to cannabis. If you love cannabis, it seems like a dream job to be surrounded by it all day, talk about it all day, and help people find the best strains to smoke and edibles to eat. The regulatory maze is difficult to navigate, start-up costs are often significant, taxes are brutal and competition is fierce. From CBD products to vapes to edibles, the marijuana industry has seen countless dispensaries pop up.
Today, marijuana dispensaries are becoming increasingly popular, with more and more dispensaries popping up all over the world. If you’ve ever been curious about how they work and how much they make, or are thinking about starting your own business, read on to learn a little more about the industry.
Is cannabis a good business to get into?
As more and more states legalize the drug, marijuana businesses are presented with more opportunities for profit. And if you find that you can’t cover all of these initial expenses on your own, you can look for funding to get your marijuana business off the ground. If you are good at working with marijuana but don’t want the hassles of gardening, processing might be the right area for you. You’ll need to understand the conditions necessary for plants to thrive and how to care for them as they grow.
Hopefully you now have a more solid idea of what it takes to start a business in the marijuana industry. Helfant’s business is based in California, the first state to legalize and where marijuana is legal for both medical and recreational use today.