So, how much does it cost to operate a dispensary in New Jersey?
The cost of opening a dispensary in New Jersey is likely between $250,000 to $2,000,000. The variance is due to several cost factors, including where your dispensary is located and the type of license you acquire. Opening a micro business dispensary costs less than the projected amount.
What are some cost factors to opening a dispensary in New Jersey?
Some costs you will need to consider when setting up your budget include:
- Licensing Fees
- Location Scouting
- Dispensary Technology Setup
- Tax
- Capital requirements
- Realtor leasing
- Staffing
- Marketing
- Banking
- Professional fees
- Security and surveillance systems
- Business equipment