Due to the legalization of both medical and recreational marijuana, the cannabis sector is thriving in Colorado. As a result, a lot of companies are trying to sell their goods to local dispensaries. But is that even possible? Yes, but there are a few things you should be aware of first.
First off, it’s crucial to remember that selling to dispensaries in Colorado is more complicated than simply coming in and making an offer of your goods. Dispensaries are strictly governed and can only conduct business with authorized vendors. This means that in order to lawfully sell your goods to dispensaries, you must receive a license from the state.
You will also need to make sure that your goods adhere to the stringent state rules, in addition to getting a license. Testing for pollutants, potency, and purity is part of this process. You must also make sure that your products are packaged and labeled correctly.
Moving on to related concerns, it can be very expensive to open a dispensary in Massachusetts. The annual license charge is $75,000, and the application fee alone is $3,000. In addition, you will require a large sum of money to pay for goods, equipment, and real estate.
With a $10,000 non-refundable application cost and a $30,000 first-year license charge, opening a dispensary in New Mexico is equally pricey. In addition, you will require a large sum of money to pay for goods, equipment, and real estate.
In Colorado, the average pay for a budtender is roughly $14.50 per hour, though it varies according on experience and area. However, with skill, some budtenders can earn more than $20 per hour.
In conclusion, it is possible to sell to dispensaries in Colorado, but doing so necessitates getting a license and making sure your goods comply with local laws. In Massachusetts and New Mexico, opening a dispensary can be expensive due to high startup costs and recurring expenses. Colorado has more than 600 dispensaries, and budtender pay varies by geography and level of experience.