[ErnestHemingway]

I was hoping someone with knowledge of Dispensaries in other states could help me with a couple of questions I had. I've been combing through the Ohio HB523 as I prepare to submit my application for licenscing to open a dispensary, but some things aren't that clear. I'm assuming that, although different, it will have many similarities to other states.
The main question I have is: will it be profitable? I have to pay an 8,000 application fee, then an 80,000 license fee every two years. I started trying to find information online in comparison to other states, and that seemed high. Is it?
The good news is that the state will only be issuing 40-60 licenses in the first year, meaning if I were lucky enough to be selected, I would have many more customers than what would be typical for a dispensary. An article from the Columbus Dispatch suggested that there would be 4,700 patients per Dispensary in at least the first year.
Which brings me to to more questions. How much marijuana can I run through my store? Is there a limit, or is it just based upon how many patients you have?
In Ohio it looks like it will go from cultivator - processor - dispensary. So, in plain english, how much does marijuana cost in this legal traffic? When I went to Colorado, I found that dispensary prices were more or less the same as on the black market. So how much does a cultivator charge? Then how much to a processor, and so forth? How much can I charge and make off of an ounce or a pound?
I read that the IRS Code 280E can tax you on not just your net profits, but your entire expenses. If thats true, that alone could take away almost everything you made in a year.
And finally, I saw that there will be employee license fees, and they will range from $50-500. Any information on how much they are in other states would be appreciated.
If you think this post should go in another forum, I'd be happy to move it.
Thanks for your time

Ernest

[Drewsif]

If there's only 50 permits, you get endless grow rights. Is there mafia in Ohio yet? Cuz that's whos getting em everywhere else.

It's illegal to grow once a dispensary opens, right. Sure you wanna be that guy? 2 differ worlds of Cannabis in other states. Caretakers with 12 plant limits and dispensaries who won the lotto 4 times do not get along.

[paper thorn]

super expensive

only 40 - 60?

super profitable

if you get a license, enjoy being a miilionaire.

[dreaded]

I don't have experience from another state, but from my research (in cultivating, in ohio), like paper thorn said....millionaire easily.
I know about the high fees, but you'll get yours.

[GanjaGrin]

If you had 36 lights you could get 45 to 60 pounds and possibly more. Lets just shoot low and say 45 pounds every 3 months thats 135 pounds a year at maybe $1500 a pound. Thats $202,500 a year. And thats the low end. Say you upgrade and double that amount of lights after the first year......Big money in no time. It will be a lot of work to get it up and running smoothly but after that you got it made! ��

[FunkBomb]

Hopefully Ohio doesn't screw it up as bad as NY did. The only way to describe the "medical marijuana" system in NY state is crony capitalism.
I've seen video clips from news specials checking out where the plants are grown. The plants look awful - long scraggly shit plants and the buds are almost all larf.

-Funk

[Easy7]

Ohio is shady as well. An excuse for a medical program. No home growing and limited growers/stores. Like usual, it depends who knows who.

[Betterhaff]

Check out this thread, starting at post #102. Talks about growing, not sure about dispensaries. You should check the state’s MMJ website.

https://www.icmag.com/ic/showthread....215129&page=11

State’s website: medicalmarijuana.ohio.gov

[dreaded]

ohio isn't shady, THE PEOPLE VOTED NO to home grows & feared a monopoly.
All they got in return was the monopoly that they feard. (With the high fees you need some type of backing , the average dread anyway)

[mean mr.mustard]

Your main question is easy enough...

Yes.

Build it. They will come.