FAQ: How To Open A Dispensary In New Mexico?

How much does it cost to open a dispensary in New Mexico?

However, it costs between $30,000 and $100,000 to open a medical cannabis dispensary in New Mexico, so it would be smart to plan for at least that much, but even more if you’re playing it safe. Many of the associated costs and fees are non-refundable, even if you don’t secure a license.

What are the requirements to open a dispensary in New Mexico?

HOW TO OPEN A DISPENSARY IN NEW MEXICO

  • As an example, a non-profit producer that is licensed submitted a non-refundable license fee of: $30,000 for the first 150 cannabis plants.
  • $10,000 for each additional 50 plants – maximum of 450 plants.

How much do dispensaries make in New Mexico?

While ZipRecruiter is seeing salaries as high as $80,012 and as low as $16,798, the majority of salaries within the Dispensary jobs category currently range between $25,639 (25th percentile) to $47,300 (75th percentile) with top earners (90th percentile) making $66,751 annually in New Mexico.

How profitable is a dispensary?

The dispensary makes an average of $974 annually per square foot of dispensary space, according to the Marijuana Business Daily’s 2016 Marijuana Factbook. This means, on average, dispensaries earn almost the same as a Whole Foods store does in a year.

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Can you own a gun after your medical card expires?

Now the question is, β€œCan you own a gun after your medical card expires?” The answer is, β€œ yes.”

How much do Budtenders make in New Mexico?

How much does a Budtender make in New Mexico? The average Budtender salary in New Mexico is $33,012 as of August 27, 2021, but the range typically falls between $29,410 and $36,834.

How much is a medical card in New Mexico?

Cultivation of Medical Marijuana in New Mexico There is a $30 fee to apply for your PPL card every year. Much like your medical cannabis card application, it is important to include original copies of documents instead of photocopies. PPL applications must be mailed or submitted in person. 6

Can you get a medical card in New Mexico if you live in Texas?

People living in Texas can now apply for a three-year medical cannabis card in New Mexico. In order to qualify for the program, patients must be seen by a New Mexico practitioner, and certified as having one of the state’s 28 qualifying conditions.

How do you get a growing license in New Mexico?

The New Mexico Plant Protection Act requires all plants businesses to be licensed. These are those that buy, sell, grow, or collect plants to be licensed with NMDA. To apply for a license, complete this application for a Plant Protection License. Submit with the fee to the address on the form.

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