Your Guide to Making Money in the Multi-Billion-Dollar Marijuana Market
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How much does it cost to open a marijuana store?

The following chart lists the items needed to open a marijuana store, and the approximate costs to get started. For items like salaries of employees, you should have enough cash to pay at least one month's salary in reserve for each employee. The reason is that you will be legally obligated to pay the salaries and certain other expenses even if the business fails. 

These expenses assume a store of 1,000 square feet or less, with two employees besides the owner. Every situation is different so you may not need everything on the list. In addition, your costs may vary from the numbers given here.  

Item

Low

High

Owner's Draw 6,000 30,000
Legal fees 2,000 10,000
Licenses and permits 100 1,000
Store Lease (assuming a store of 1,000 square feet or less) 1,500 4,000
Store Refurbishing 2,000 5,000
Steel doors and grates 150 5,000
Video Surveillance 1,000 5,000
Burglar Alarm 500 3,000
Insurance 3,000 5,000
Computer and Printer 2,000 5,000
Refrigerator 150 1,000
Display Cases 250 1,500
Advertising 500 2,000
Utility Deposits 150 500
Phone and Internet 150 250
Salaries (assumes the first month of salaries for two employees) 4,000 10,000
Inventory

Assume one-half pound to one pound of each variety you choose to stock, at a cost of at least $3,500 per pound wholesale.

17,500 35,000
Packaging 100 250
Furniture 500 3,000
Scales 100 250
Safe 1,000 3,000
Logos, Signs, and Graphics 1,000 5,000
Miscellaneous Items 100 500
Photocopier/Fax 150 450

Totals

$43,900 $135,700
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