In most US states, medical cannabis has been legalized although fewer states have liberalized its sale for recreational purposes. It will surely change with the massive demand for cannabis and numerous dispensaries being set up across the country. Apart from the commercial value of cannabis legalizing would mean more significant revenue for states in the form of taxes as is being done in California. Therefore, it is merely awaiting an approach till the whole country sees full legalization.
Naturally, for those interested in investing within the supply chain of cannabis from its cultivation to open market sales, this is indeed a very profitable business opportunity. Numerous stores have already opened their outlets according to the laws in place, both state and local. The demand for cannabis has risen multifold, with new research revealing a clearer picture and plethora of health benefits. It is the subject of extensive study both from the medical and recreational angle.
Information for Consumers and Dispensaries
Currently, 28 states have legalized the sale of medical marijuana through licensed dispensaries. In the case of recreational marijuana, only 8 states have made it legal. Therefore, it makes sense to set up your Marijuana dispensary in California where it was first liberalized. Naturally, this means that consumers from other states are sure to make their way to this state for fulfilling their needs. In other words, setting up your dispensary would mean good profits in California.
Dispensaries are given two kinds of licenses, and these are medical and recreational. For each license, requirements are entirely separate and must be strictly adhered to by both consumers and the business establishment. According to the nature of customers that arrive and marijuana purchased in this way, medical dispensaries stock inventories attract no taxes.
In the case of a recreational marijuana dispensary, they need to pay taxes that cost them more than medical types. Yet recreational marijuana dispensaries are quite comfortable, clean, and decorated shops with one or more budtenders to explain everything about the cannabis plant to its different strains.
Specific things to Note by Consumers and Dispensary
Consumers may visit a medical dispensary if he or she is of 18 years or more. They must have a doctor’s recommendation and a medical cannabis certification, and relevant documents required by law. Only in case of chronic conditions are children below 18 years allowed to visit such shops.
All purchases are to be appropriately billed and tracked by the dispensary for future follow-ups and reference. Qualified and experienced budtenders consult their customers in their separate private consulting rooms. Consumers may need to present their valid ID proof and must have crossed 21 years if they want to purchase from a Marijuana dispensary in California for recreational purposes.
You are given menus and each product is labeled and classified for you to see. These may be in form of flowers, concentrates, edibles, creams, lotions, balms, patches, etc. Dispensaries that do not follow the state and local rules may be penalized and even asked to shut shop.