[Easy7]

You are incorrect dreaded. The voting public did not pass nor write the current Ohio medical law. It was 100% government law with zero measures from the public. They wrote the law so a voters law would not be written or passed. This so called medical bill is totally about govt control and undercutting public will. They did not want home growing or a rec law to go thru under voters initiative.

[dreaded]

I don't think I am incorrect, the key word you said was current. I was talking about the first bill that didn't pass.

[mean mr.mustard]

Some voted against a shit bill with no real freedom to grow their own.

I know i didn't vote no because I hate growing my own.

I don't want people to stay sick or uncomfortable or in jail.

I don't want people to profit ridiculously without giving us real freedoms and/or our POWs back in return.

[ErnestHemingway]

I really do appreciate all the attention this thread has gotten. I must admit, I didn't know I would get any response at all with the amount of questions I asked.
The first Ohio medical bill was voted on in fall of 2015. Nick Lache from the boyband 98 degrees was one of the spokespeople for the bill. I'm not joking.
It said that 6 companies would have a legal monopoly for cultivation of medical marijuana in the state of Ohio. It was turned down overwhelmingly.
A couple months later, our Governor signed a medical marijuana bill that didn't need a vote and turned to the state senate. It's been in deliberation ever since, but it has to be enacted by September 2018.
Whether fair or not, whether for the people or not, my situation is what the state senate has decided so far:
5,000 application fee
80,000 biennial (every two years) license fee
50-500 per employee certification fee
The IRS code that applies to all "federally illegal" medicinal and recreational shops
Average startup costs, operational costs, etc.

However...
The potential to be one of the only 60 licensed dispensaries in the state of Ohio, of which is said to have an estimated 1,470 customers per dispensary.

I read that Colorado dispensaries aim for 32% profit of their product sold after the price from the cultivator/processor.

I just wanna know...DOES THE PROS OUTWEIGH THE CONS??? I have to prove I have 250,000 in liquid assets, which I do not have, but potential investors that I have on stand by do. The bill is still under deliberation and does not articulate what the profit margins can be.

If nobody knows specifics, I would honestly pay a consulting fee to a person who owns a dispensary to get some hardcore answers.

I really truly do appreciate all feedback and responses, as I am hoping that something I love can be the path that I am to go down for the rest of my life.

Thanks guys

Ernest

[Betterhaff]

No flower may be sold, only concentrates and edibles. This may have an effect on the pricing structure which I imagine will be somewhat controlled by the processors. And then there’s the tax structure. Haven’t looked into that but it may be taxed on all levels; production, processing, and retail. The market may determine the final retail price but that may be somewhat skewed or also controlled. For instance, in Ohio, there is a minimum retail price level that alcohol can be sold at, controlled by the state liquor board (maintains a level playing field and guarantees a tax base).

May be a good idea to look to a consultant and for sure a lawyer, there’s a lot of money involved.

[Easy7]

Ask yourself if losing 110% of everything you have and a federal prison term is worth it?

Ohio has limited grows and shops. Making a federal sweep real damn easy, to wipe out the whole state.

I am friends with someone on facebook that did fed time in prison for a shop in the southwest.

And is a system that bars felons from working in an industry that is in fact a felony ok?

[SamsonsRiddle]

One thing you may also want to consider is the security fees you will pay. You will be moving large amounts of cash and product and it will cost a lot of money to protect those two things.

You may want to contact, like you said, people form other states who own dispensaries in order to get the most accurate cost of all the things you need.