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

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...

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