Once a business proposition that required little more than a few thousand dollars and some gardening equipment, selling medical marijuana is quickly becoming a dream fit only for deep-pocketed entrepreneurs.<\/p>\n
Regulations in states that only recently legalized medical marijuana are mandating that would-be dispensary operators set aside large amounts of cash before even applying for a license, tipping the scales in favor of businesspeople with money to burn. Drawn-out licensing processes being devised in those states mean permits to run dispensaries will likely only go to those able to afford a cadre of consultants and lawyers.<\/p>\n
Five years ago, Ean Seeb helped open Colorado dispensary Denver Relief with \u201cfour thousand dollars and half a pound of cannabis.\u201d<\/p>\n
\u201cI don\u2019t think that would ever happen again,\u201d said Seeb, who now works as a dispensary consultant. \u201cSomebody who just has a good idea but little capital would find it difficult to impossible to go into the business today.\u201d<\/p>\n
Seeb said he is counseling clients in Massachusetts, where only 35 dispensary licenses will be granted starting later this year, to set aside at least $2 million before even considering going into the medical marijuana industry. Not only are state fees related to the permitting process likely to total over $100,000 for many dispensaries, but the merit-based process for obtaining a license is also expected to privilege those who can demonstrate they have excess cash to secure an abundant supply of cannabis. Click here for the full story.<\/a><\/p>\n","protected":false},"excerpt":{"rendered":" Once a business proposition that required little more than a few thousand dollars and some gardening equipment, selling medical marijuana is quickly becoming a dream fit only for deep-pocketed entrepreneurs. Regulations in states that only recently legalized medical marijuana are mandating that would-be dispensary operators set aside large amounts of cash before even applying for […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"nf_dc_page":"","footnotes":""},"categories":[35],"tags":[],"class_list":["post-36300","post","type-post","status-publish","format-standard","hentry","category-important-news-stories"],"_links":{"self":[{"href":"https:\/\/uprisingradio.org\/home\/wp-json\/wp\/v2\/posts\/36300","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/uprisingradio.org\/home\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/uprisingradio.org\/home\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/uprisingradio.org\/home\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/uprisingradio.org\/home\/wp-json\/wp\/v2\/comments?post=36300"}],"version-history":[{"count":0,"href":"https:\/\/uprisingradio.org\/home\/wp-json\/wp\/v2\/posts\/36300\/revisions"}],"wp:attachment":[{"href":"https:\/\/uprisingradio.org\/home\/wp-json\/wp\/v2\/media?parent=36300"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/uprisingradio.org\/home\/wp-json\/wp\/v2\/categories?post=36300"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/uprisingradio.org\/home\/wp-json\/wp\/v2\/tags?post=36300"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
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