How much income does a medical marijuana dispensary bring in yearly?
Posted on 13 January 2012 by smokeandtoke6123
Query by Ian M: How significantly funds does a medical marijuana dispensary bring in annually?
Pondering about starting a dispensary, would like to know some statistics. I also hear that the dispensaries are taxed super heavily… does anybody know how a lot this tax is??
Very best solution:
Answer by Lance
alot but it is illegal to profit from it…all of the funds earned has to go to the dispensary.
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Well let’s do the math, generally it’s something like 6 to 20 strains at a time when in a dispensary. Each of which cost an average of 20 dollars a gram, and 60 dollars an 8th.
If each plant harvested produces something around 450 grams of bud (not counting leaves and stems which can be used to make hash, tinctures, balms, edibles, or simply sell for people to make their own products from). If you have something like 6 plants per strain carried, lets say 10 strains, that’s 60 plants each of which with about 450 grams of bud.
450 grams times 60 plants equals 27,000. Now let’s say you sell it only by the gram at 20 each, that would be 540,000 dollars made in that time.
If you live in California, about 30% of this would go back to taxes, then employees, your utility bills (water, electricity, etc), security, etc. So in the end, you may end up with something like half to a third of what you made, and apart from your salary, that must be generally distributed back into the business.
Hope this helps.
Depends on the State licensing, fees and tax.
Location, location and State allowed operation model. Like any business there is a risk.