California is one of the major manufacturers of marijuana and is home to various marijuana dispensaries. The legalization of marijuana in 2016 and its implementation in 2018 opened up doors for people to start their marijuana businesses through sanctioned licenses and official regulations. The numerous marijuana dispensaries in California bears evidence of the state’s stellar role in liberating the marijuana laws in the country. There are still multiple challenges that remain and lots of obstacles to overcome. Still, there is at least a clear, established road for the marijuana industry in the state of California.
The black market regulation and control are one of the biggest challenges facing the authorities, and it is something that seriously dents the business model of the legally sanctioned marijuana dispensaries. More political will and concrete action are required to tackle the black market of marijuana in California.
The authorities in California have already sanctioned thousands of operators and businesses dealing with cannabis and marijuana. The licenses have been granted to manufacturers, cultivators, distributors, retailers, businesses, micro-businesses, and event organizers, amongst other entities.
If you are thinking about opening a marijuana dispensary in California, you must undertake comprehensive preparation and planning for the most effective results. The risk assessment is one of the most important factors when analyzing the potential of any business venture, and it is no different from the marijuana business and dispensaries in California. You must be aware of the different risks and potential threats to your business model and implementation before taking the plunge in the industry.
Requirements for starting marijuana dispensaries in California
Two types of retail licenses are available for the marijuana dispensary in the state. These licenses are type 9 and type 10 retail licenses. The type 9 license implies non-storefront delivery of retail, which means that the business can sell and deliver the cannabis products for customers. The business has been granted the licensed facility; however, this facility is not open or available to the general public. The type 10 license implies that the business can sell cannabis products to the customers on its premises or through delivery. The business with this license has permission for commercial marijuana or cannabis activities to take place.
The retail license application for marijuana dispensary should be made with the local city and California. Here it is worth noting that the requirements might vary based on the specific city. You will also be required to submit the sum of a $5000 bond, which should be paid to the state of California. The retail marijuana facility you will be setting up should be a minimum of 600 feet away from the school. The retailers of marijuana are only allowed to deliver and sell their products between 6′ in the morning to 10′ in the night of pacific standard time.
These are some of the requirements for setting up a marijuana dispensary in California.