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Thursday, October 14, 2021 10:19:54 AM
Buying six licenses with only one open dispensary and minimum grow is nuts. Rule of thumb, each dispensary requires approximately 12-13,000 sf of grow and production space to keep it fully stocked 97% of the time. The missing three percent usually goes to waste in production runs for oils, etc.
As Funman stated it’s only the tip of the iceberg in costs. A normal dispensary requires an investment of 1.2-million before it opens their door. And in many cases that is low. As for grow and production square footage that runs about $225/sf to build and bring into production.
It’s not a shoe string operation by any means.
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