Botanica Dispensary Menu (2024)

FAQs

How to own a dispensary in NV? ›

“Los Angeles County has more dispensaries (1,481) than any state other than California itself,” Pew found. Meanwhile, Oklahoma holds the record for most medical marijuana dispensaries per capita with 36 shops for every 100,000 residents.

In Arizona, you'll need to plan for a $25,000 application fee for a recreational dispensary license and a $5,000 annual fee for license renewal. State law also requires you to register each of your employees at a cost of $500 per employee. For a medical marijuana dispensary license in AZ, the cost is $5,000.

In Nevada, the legal purchase limit is 2.5 ounces in the form of cannabis flower. Therefore, 2.5 ounces is 70 grams of flower. If you prefer other forms of cannabis, 70 grams of flower is equivalent to 8 grams of vapes or concentrates.

Flower is the highest grossing item at each of the 13 dispensaries, ranging from 49% of revenue to 81%. Depending on the store, the second highest grossing product is Pre-Rolls, Vapor Pens, and Concentrates.

However, factoring in overall financial needs, Oklahoma requires the least amount of start up capital to open a dispensary. With other factors such as legality, license availability, taxes, and market forces, Oregon, Colorado, and Michigan are also top contenders.

According to a survey by MJBizDaily, the average dispensary owner makes between $250,000 and $500,000 per year. However, a small percentage of dispensary owners make up to $1,000,000 a year. The average dispensary produces around $2 million in sales yearly with a 12% profit margin.

Medical Marijuana Dispensary Ownership and Consumption

Under Prop 203, individuals who have been convicted of a marijuana related felony within the last ten (10) years are unable to own, operate, serve as a director, or work in a medical marijuana dispensary in Arizona. See Section 36-2804 and 36-2804.01.

Do dispensaries track how much you buy in Arizona? ›

Under Arizona MMJ laws, the limits on purchasing and possession are slightly different than they are for recreational cannabis: A qualified patient is permitted to purchase a total of 2.5 ounces of marijuana in a 14-day period. Purchasing limits are tracked using your medical marijuana card.

License and Permit Fees

Obtaining a dispensary license in Nevada incurs specific fees set by the state. The nonrefundable application fee for a medical marijuana establishment license is $5,000, while the fee for an adult-use marijuana establishment license is $20,000.

Each card requires a $150 fee and a background check. Fees for background checks are managed by the Nevada Department of Public Safety. For more information regarding background checks, follow the instructions in the application. To get started applying for an Agent Card please click here.

Yes, most dispensaries in Nevada are cash-only due to federal banking restrictions. While the state has legalized recreational and medical marijuana, the cannabis industry continues to navigate the complexities of federal law, which maintains the illegality of marijuana.