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| Forums > IC Magazine > Cannabis Business Network > Cannabis B2B Network > starting processes for opening a Colorado retail/manufacturing cannabis shop | ||
| starting processes for opening a Colorado retail/manufacturing cannabis shop | Thread Tools |
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#11 |
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Malaika
Join Date: Jan 2012
Location: Potland
Posts: 2,431
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first off
if you need to ask the internet advice you should just quit now before you fail that hard get your state you live in now to follow CO's law change, and get in on the ground floor, make the change you want to see
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Always do your best. What you plant now, you will harvest later. Og Mandino Be careful whose advice you buy, but, be patient with those who supply it. Advice is a form of nostalgia, dispensing it is a way of fishing the past from the disposal, wiping it off, painting over the ugly parts and recycling it for more than it’s worth. |
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3 members found this post helpful. |
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#12 |
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Member
![]() Join Date: Oct 2013
Location: 303
Posts: 629
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I'm a dispensary/grow owner/operator of 5 years. What do you specifically want to know?
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-MGB |
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1 members found this post helpful. |
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#13 |
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Member
Join Date: Feb 2014
Posts: 543
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Im in a non med state and would pack up and join the fun anytime.Ive got a family of three so its hard to do.I could only dream of opening a dispensary.With the new laws how many plants can one produce?Ive heard of gps trackers on the stem all types of things.Can anyone shed some light?Startup money? Sorry to jump in asking questions but i figure its on topic at least.
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#14 |
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Senior Member
Join Date: Dec 2008
Location: In the hills mang....i DEEED it...
Posts: 10,100
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moonshine man used to post a lot here at ICmag, now he's known as rare dankness and works at one of the biggest shops in CO, his threads have a ton of info about competing in CO. theres also another guy here managing a 450 light grow i think his thread is titled "6kw fuckaround" you can check out..
most CO guys will tell you same shit, not worth it stay in your own town. you have to wait 2 years until you are even eligible, by then 100s of people will have their permits already and already competing, commercial real estate is through the freakin roof. if you gotta wait 2 years might as well setup some unlicensed grows and start poppin seeds and collecting clone stock so that you have all your shit ready to go if you got a permit. and honestly if your biggest grow so far is only 2kw than i don't see how you can think about starting a 100kw. do you even have a ballpark cost on how much you will need to invest? think 7 figures not 6. i know that most indoor grows, built exactly to code and with high end components can cost upwards of 150k per 50 lights. so for 100 lights at least a quarter million in equipment alone, not factoring in real estate costs and monthly expenses for workers and electricity. most CO shops are up in the 300-500 light range and cost millions to start up... if i was in CO i would go a different route than all the denver guys and set up greenhouses and do full season crops and charge a much lower price than the shops and their mediocre commercial indoors. market it as "sun grown" and shit like that, and have much lower prices like 100 a zip. and make a ton of extracts with all the popcorn and shake from a large GH operation. honestly if you got a large amount of seed money, come out to CA and get ready for our market to take off. or find another emerging medical state like rhode island, illinois, wisconsin, florida etc… |
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13 members found this post helpful. |
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#15 |
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Member
Join Date: Feb 2014
Posts: 543
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Great comments prop 215 definately hit on some good points.Thank you for sharing
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#16 |
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Member
Join Date: Jul 2012
Posts: 106
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What do you mean by seed money prop? Do you just mean money to invest into a brand new operation?
And are you saying CA along with RI Illinois Wisc FLA are in line to follow suit in terms of full blown legalization like CO and Washington? |
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#17 |
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Senior Member
Join Date: Dec 2008
Location: In the hills mang....i DEEED it...
Posts: 10,100
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since most of us on ICmag don't have a spare million or ten lying around, seed money is basically venture capital money from outside investors, they are the ones driving the CO and WA markets.
CA is heading to rec legal soon, but all the other states are still "med" legal, and in most cases the med market is very strict about who can participate but if CO and CA are any indication eventually those states will want the tax money and loosen regulation, then the people who had already established small local followings can go legal, but thats a big IF. it all depends on your local state, in WA for example i502 is pretty fucking bad and bans all home growing, same with illinois and new york proposed med laws. the black market will still thrive because they made the med market too strict…. in illinois you need to spend 150k+ in permits up front for a cultivation facility, not even including the costs to set up the damn facility in the first place! 25k non refundable deposits are gonna shut most regular folks right out of the game…then an automatic 100k payment to the state. and you can't pay them with a duffel bag full of vac sealed 20s. |
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3 members found this post helpful. |
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#18 |
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Member
Join Date: May 2013
Location: Cartoonland
Posts: 353
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From what I'm hearing in october the warehouses will have a chance to wholesale to different dispensaries. And a few other regulations like 1500 ft rules for shops. The zoning is also hard to find. The ones in place have a big advantage.
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#19 | |
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ABF(Always Be Flowering) - Founder
Join Date: Sep 2008
Posts: 2,146
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The greenhouse makes the most sense. Growing indoor on large scale just doesn't make sense when the sun exists. The only reason for warehouse is because it's illegal, and you don't want people to know what it is(so they don't rob you). The future will be greenhouses with supplemental lighting, boutique strains, and high end extracts(Ice water, BHO, C02, ETC...).
If you want 100Kw in lights, then go for it. It's unnecessary and it wouldn't even begin to compete with what is out there. They have legit money behind them, and that is a huge advantage. There is plenty of opportunity though.
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ABF - Always Be Flowering {Abja Roots Flower Pictures}https://www.icmag.com/ic/showthread....29#post6688829 Quote:
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3 members found this post helpful. |
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#20 |
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Member
Join Date: Jan 2014
Location: CO
Posts: 185
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Shit, with the way things are going in colorado shit's not going to be profitable to grow indoors or on a small scale at all w/ in 5 years.
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