Opening a business is easy. You just need money to start it, the perfect location, and the right business of course, and there you have it. However, opening a medical marijuana dispensary is not your usual business talk since we are dealing with illegal drugs here – well not really in the 14 states that made its use legal for therapeutic purposes. There are several procedures and process that you have to undergo for licensing. Good thing for Colorado medicinal marijuana dispensaries is that they can register their business as non-profit unlike in California that a marijuana dispensary should be non-profit.
Indeed, Colorado medicinal marijuana is becoming popular with more people applying for medical marijuana identification card and becoming qualified for the possession of the drug. So, are you ready to for a successful business? Here are the steps you need to know to do so:
- The first and foremost thing that you need to know is the federal and state laws. According to the Senate Bill 420, a qualified patient should not possess more than two ounces or six matured plants (12 immature plants). A dispensary should only distribute the drug to patients who have sufficient legal documents saying they are qualified to possess such drug. You also need to know the requirements on how to become an eligible patient and becoming a registered primary caregiver.
- The next thing is to structure your business properly. By being familiar with the local, state, and federal laws you can open your business without worrying about legalities.
- Next is finding the right location. Location is one of the factors that makes a business boom or to lose. It is best if you consider having special offers such as discounts and free patient consultation since they always go together.