Getting a growers license is an important step if you want to launch a cannabis business in New Mexico. Depending on the kind of license you’re seeking for, getting a growers license in New Mexico can be expensive. The commercial and personal growers licenses are the two different licensing categories available in New Mexico. The application fee for the commercial growers license is $10,000, and the yearly charge is $30,000. On the other hand, the personal growers license has a $200 application charge and a $30 annual fee.
When launching a cannabis business, there are additional costs to take into account in addition to the cost of obtaining a growers license. For instance, you must reserve a space to grow your plants, which, depending on the area and scale, may be pricey. A ventilation system, grow lights, and other necessary equipments must also be purchased.
There are several criteria you must meet if you want to open a dispensary in Colorado. First, you must be at least 21 years old and a two-year resident of Colorado. A background check and the absence of any felony convictions are further requirements. A dispensary license is also required, and it can cost up to $14,000.
You can construct a grow box if you intend to produce marijuana at home. Depending on the size and materials chosen, making a grow box has a range in price. Building a grow box might cost anywhere from $200 to $500 on average. However, if you are not good with tools, you can spend $500 to $2,000 to get a pre-made grow box.
If you are producing cannabis on a large scale, running a grow room may get pricey. You should take into account costs like energy, water, and the price of nutrients. Running a grow room often costs $500 to $1,000 per month.
Finally, the price of obtaining a growers license in New Mexico varies depending on the kind of license you are looking for. When beginning a cannabis business, there are additional costs to take into account in addition to the license application fee. These expenses include the price of renting a place to grow your plants, buying supplies, and maintaining a grow room. If you want to open a dispensary in Colorado, you must meet a number of conditions, including paying for a license that might be expensive.