You are here

Home 🌿 Medical Cannabis News 🌿 Marijuana Companies Are Passing On New York Due To High Startup Costs 🌿

Marijuana Companies Are Passing On New York Due To High Startup Costs

Submitted by Marijuana News on Tue, 06/09/2015 - 16:11

When it comes to starting a marijuana business, not all states are created equal. In many medical marijuana states with older programs, the barrier to entry into the market is not that large. In Oregon it’s literally as easy as applying for a dispensary license for a fee, and finding a place that is a proper distance away from a school or another dispensary. I know people that have opened dispensaries in Oregon for $10,000, and that includes all the startup costs to start making sales. Most dispensaries in Oregon cost more than that, but for a basic dispensary, that amount is doable.

In medical marijuana states with newer programs, the barrier to entry is much higher, and the amount of licenses are very limited. For instance in Illinois I know of a company that spent 1 million dollars trying to get one or more cultivation licenses, and they didn’t...

Rate this article: 
Region: 
New York

This marijuana news is brought to you by 420 Intel. For the latest breaking cannabis industry news, subscribe to the 420 Intel newsletter. If you'd like to promote your product or service in this area after every article, contact us.


URL: 
http://www.theweedblog.com/marijuana-companies-are-passing-on-new-york-due-to-high-startup-costs/

420 Intel is Your Source for Marijuana News

420 Intel Canada is your leading news source for the Canadian cannabis industry. Get the latest updates on Canadian cannabis stocks and developments on how Canada continues to be a major player in the worldwide recreational and medical cannabis industry.

420 Intel Canada is the Canadian Industry news outlet that will keep you updated on how these Canadian developments in recreational and medical marijuana will impact the country and the world. Our commitment is to bring you the most important cannabis news stories from across Canada every day of the week.

Marijuana industry news is a constant endeavor with new developments each day. For marijuana news across the True North, 420 Intel Canada promises to bring you quality, Canadian, cannabis industry news.

You can get 420 Intel news delivered directly to your inbox by signing up for our daily marijuana news, ensuring you’re always kept up to date on the ever-changing cannabis industry. To stay even better informed about marijuana legalization news follow us on Twitter, Facebook and LinkedIn.