How Much Does It Cost to Start a Cannabis Business in 2024? (The $5,000 Startup Days Are Gone!)

The expenditure in inaugurating a cannabis dispensary spans a significant range, stretching from $150,000 to $2 million. This encompassing sum comprises essential components such as approximately $250,000 designated for annual staffing, yearly rental expenses of around $100,000, and an initial allocation of $50,000 for renovations. Naturally, individual budgets vary, and the requisites for capital exhibit considerable variability. Some costs lie within your sphere of control, while others are contingent on your legal jurisdiction.