The fact is each state that has legalized marijuana
for recreational or medical use give out few number of positions to people to
start dispensary business. Depending on the state the interested individual
lives in, the application procedure has been opened or will be opened soon for
people to submit applications. The rules that have been promulgated relating to
the medical marijuana industry have provisions for dispensaries, product
manufacturers, and marijuana cultivators.
However, during the first period of the application
program, the dispensary business license will be given out to the processors
and the growers of marijuana in chosen regions. So, getting a dispensary
business license will require interested individuals to show that they are
financially and legally fit to start a legal marijuana business and meet the
needs of the marijuana patients.
Furthermore, depending on the kind of business the
interested individuals are after, the capital requirements that must be met
also varies. So as to get a dispensary business license, interested individuals
must tender an affidavit which shows a deposit of one hundred and fifty
thousand dollars in a financial institution. Actually, the amount needed to set
up a business in this industry is over two million dollars in which the
applicants must possess.
