The
applicants interested in starting a legal marijuana establishment must be ready
to bear great costs that are associated with setting up a business and running
it smoothly. The cultivation center is the most expensive type of marijuana
business. They require a lot of money to start because a new facility will be
built or the renewal of an existing facility to meet the required standards of
the activities that will be done within the facility. When applicants are
submitting a recreational marijuana cultivation application, it must be noted
that there must be at least two million dollars in the bank account.
The
cost of a recreational marijuana cultivation application is a non-refundable
fee. Thus, in each state, the application fee varies. Involving experts such as
engineers, attorneys, architects, electrical experts, accountants and other
experts at the time the application is made will cost more money. However, it
depends on how large the cultivation facility is going to be, the initial cost
and the running cost for the business to run successfully will cost up to ten
million dollars.
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