HOW TO WORK WITH THE CANNABIS CLUBS

so how do you build and start your own cannabis dispensary business from scratch legally without having to worry about the boys being on your back that's going for the cops by the way the red and blue guys after you because you're selling that green stuff that ganja stuff well how do you build your own dispensary from scratch and you know without being a millionaire okay now this video I'm gonna talk about the startup cost the expenses and on top of that most importantly the profits how much money will you actually make now on top of that I do want to clarify one thing here guys I said you know I've read a bunch of articles out there saying you know Tommy you need around 500k to two million dollars to get started and the answer is no that's insane same people that say like you know you need around to repeat does knowledge for like armed employees the answer is no just don't hire them any people you need this much for inventory well just don't buy that much to the business picks up well you need this for real estate well just maybe just rent in a very precise area while you get things going oh no Tommy you need a million bucks we're starting to real estate no just buy like a house you know for like I'm pre percent down or just saying start YouTube without all the fancy equipment that way guys the whole concept is that you don't need a ton of money to ever start any business usually it's a license you know the real estate all this fancy stuff but usually that all depends on your budget and where you actually want to place the business so don't believe the height between 500k to two million dollars that's impossible almost for the average person so in this video I'm gonna break down real realistic budgetable expenses when it comes to this business so let's get started now if you guys don't know me my name is ty Bryson I'm an accountant and I open videos on YouTube every single day structure telling hit the boss to get notified and on top I do me a favor and smash smash like button gently though please don't hurt the screen and guys on top of that here's the question for you okay what makes you so excited about the cannabis industry or dispensary industry because I've gotten a bunch of requests and if you ask me guys you know this business this market is booming because again it's legal now for recreation in some states out there and also for medical use in some states out there and now because of this and it's being taxed now well now its booming because now the average person can go out there do it they buy it to do whatever they want with it and they have different brands this one's this one this one is that one and now there's a lot of hype around the entire thing now let's get started into the video and talk about exactly how do you get started however I do want to mention one thing here guys and it's that you know when it comes to this business you have to take into account guys that is all about the legal stuff okay it's not like signing on the streets we don't recommend don't do that however it is all about the location you pick because although it is legal in some places it is not legal across the board over the world or all over the United States now the first thing is this guys it is only legal on for medical use on around 24 states just to clarify that so only 24 states accept dispensaries for medical use on top of that only nine states accept dispensaries for medical use and also for recreational use for you just like hanging out with your friends or trying to do it for fun you can pick to get into the industry of medical or the industry of recreation and it's basically all the same however you know you make some more profits on one side then the other side one side most volume or sales or that fancy stuff so depends on what you want to do what state you want to live in choice you do this entire thing okay now let's get started and talk about the start cost the expenses and also the profits now the first thing you need to know is that when it comes to a start-up cost you do think about one thing here and it's all about the licensing okay the licensing is the most important thing because you can't get a license you can't start legally and what's the sense of trying to do its business illegally it doesn't make any sense okay so the first thing is you to license not to get this license I have bad news and also good news the good news is that you can always buy an existent business and it's a user license and just carry that out the bad news is that the state only gives that a limited amount of licenses which means that however you might have all the money to get started everything you want to but the state might not approve it because they don't have any more licenses so if she gives you out there at the moment okay now they're very vague to when they're actually gonna issue somehow for example in Washington they're actually not issuing any whatsoever currently if you're on the website so it all depends on the stage where she going to getting that license and you can't get it just by a business that has one if you can't afford it if you can't afford it you just end up to pause it for a little while and get creative maybe go to another stage and see what they have over there to offer you now the second thing guys when it comes to serve cost it's all about well you know retailer license because although you might have a license once you get started you also need a retail license when she sold that stuff on the streets legally from your own dispensary now this license might range between one thousand maybe like fifteen hundred all the way up to six thousand dollars and on top of that a mine also have a recurring charge every single year now tell me why don't you give me the exact figure well the answer is it ranges by state remember there are 24 states that accept it for medical use and nine states and accepted for medical use and also recreation so remember that I can't give you the exact figures because all the states are different and they all range when it comes to the numbers that the any charge the people for starting this business now again guys when it comes to serve costs you will need a location inventory and also employees I'll go more into detail when it comes to stuff but usually you know the location well probably the most expensive stuff because again when you have a dispensary you can't put it next to a school like a deli or a store you can't do that you know as a as a cannabis store you can't put next to a school so you think about the location and also need to be approved by your state which is fair if you ask me and on top of that employees and also inventory of actually buying the cannabis and holding it and then selling it and it comes to employees you can pay them between minimum wage or higher depending on what you want to do now this is why I don't agree with the 500k to two months to start because again you don't need to pay your employees $1,000 an hour you can arrange it between what you want to by the way I think the minimum wage in California is around $12 an hour so why are you saying that you need to spend around two hundred and fifty K on employees and most of these articles out there that's why I don't believe all the hype when it comes to those articles maybe not minimum wage however what are you doing you know it just doesn't make any sense now let's talk about the expenses of this business because every business out there has expenses and this one does not exclude the standard now when it comes to expenses guys we have to think about the space the real estate we actually put in this entire business there now the pro is you have probably benefits when it comes to place in this business because usually people will be open to this because they know they can charge your premium because you will be selling cannabis which is extremely tricky to actually get into that business so usually people rent into you landlords will actually want to rents because they can probably charge you or premium so their rent might range between two thousand all the way up to fifteen thousand dollars depending on where you're putting into the location and if it's actually approved by our state's that's how complicated it is so again I've heard about a friend of mine my accountant told me little Tommy I have this one clients and he put one of these locations well he didn't put the location and yet he has someone coming in to rent his real estate so he put in Spencer e there he's gonna charge them around fifteen to sixteen thousand dollars a month which is insane if you ask me but it is one of the pros of being owner of a property to them rent it to a dispensary so you have to think about the state where you're gonna put it and if they charge you way too much on top of it we have employees minimum wage all the way up to how much we want to pay them plus the benefits and all that fancy stuff which depends based on your state so I can't give you an exact figure but I know for sure in California the average minimum wage not an average its minimum wage is run twelve dollars an hour which is not that bad at all if you ask me now when it comes to inventory I have good news and bad news and here it is the inventory is actually around one thousand four hundred and sixty four dollars per pound of cannabis depending on the brand because again this stuff is like Gucci and for example like Hanes t-shirts you know you have this brand here it doesn't same exact one is this one however this one has Wiz Khalifa's name attached to it and this one is just normal stuff so now you're talking about this was more expensive but it's the same exact one as this one but you can charge a higher price based on the entire leg brand attached to so you might get charged between one thousand forty dollars per pound which is around the area of around you know like a dime bag that's around nine hundred and six dime bags because they adds up to around four hundred and fifty three grams 1 pound of cannabis is there on four hundred and fifty three grams of cannabis okay now this is important because I'm gonna break this down later on when it comes to the profits now behold guys we're here at the profits the most important part and it's Tommy how much money can I make from this stuff okay it's the most important parts here we are Oh before we actually talk about the profits I almost forgot guys you do need to have a legal team structured in place for your business because again you make sure you are in compliance so I would probably hire a compliance officer to help you with all this stuff now compliance officers range in their price is dependent on the business the states and all that fancy stuff so if you want to know the price for that stuff you have to go out there on Google and kind of search it up we're just not that hard at all because it might range from like nine dollars an hour all the way up to thirty dollars an hour depending on who you want to hire and a compliance officer to make sure your compliance with everything and your business doesn't get shut down now let's go into profits the first thing is this guys when it comes to profits you have to consider that you have for example medical and then you also have you know recreational now tell me what's the difference here usually from medical I noticed a little hiccup here where medical is that he charged up at a higher margin especially in California by a little bit but not better lots and if you ask me tell me why the answer is probably you know you have insurance paying for this stuff and you have normal people paying for recreation so who can pay more money probably insurance because people's pockets aren't as deep as insurance companies that's probably why if you ask me now on top of that we have to also think about the brand of the cannabis so if you're going with a brand which is very popular like a Gucci shirt or whatever or you're going with the B brand that's kind of like more regular for the average person that wears Hanes t-shirt like I do well it might be like hey I can charge this much for this one or this much for this one so the profits range on the brand yes you offering and usually the brand will probably take some money out of that and charge you a premium on it also so that's all things you want to think about when you're actually going into this business I Tommy what are the actual figures when it comes to this business talk about numbers brah when I hear the numbers the números well here we go guys here's my fancy calculator we're gonna pull it up here we wrote what I told you guys okay I told you guys that the average price for a pound of cannabis is around fourteen sixty four okay so is the average price so we know that in one pound we have around 453 grams so if we divide this price of one pound divided by the amount of grams which is four hundred and fifty three we get an average price of run three dollars per gram for the cost this is the cost guys the cost of the business the dispensary so the cost for them since you get a gram is around three thousand twenty three cents however I'm pretty sure you can probably get lower prices depending on the volume actually acting for from that distributor now Tommy how much money can I make from this well in reality afternoon some researchers out there Justin see right here in California the gram of cannabis ranges from around ten eighty two all the way up to thirteen fifty two at the high end depending on the quality and all that fancy stuff so tell me what are you saying here the answer is guys if one gram well one pound is around say for example one pound I think is around 453 grams which is fine and if you times that by the average silver gram in California which is maybe at the high end around $13.32 this means that time is 13 point 52 cents that means that you're making around six thousand one hundred and twenty-four dollars why your cost might be like fourteen hundred dollars that means that your profit is around four thousand seven hundred dollars okay with just a lot of money now Tommy what do you mean right it's okay because I can go to the store and get a pound of cannabis in California for around like seventeen hundred to maybe eighteen hundred dollars and in the streets I can probably get it for two thousand dollars well the answer is it all depends based on volume so for example if you're selling grams like this you know you're selling grams well the price is probably lower well low in a sense but the amount or she getting it's actually lower also so you might sell more money or make more money by selling like lower portions and just like pricing it up a little bit however when you sell like a bulk of its you can't charge that much above the market value or the cost value so for example if it costs you around fourteen sixty four it gets and you're selling it at the store on average in California is around seventeen dollars at the low end and eighteen sixteen at the high end while eighteen sixteen that still means you're making around three hundred and fifty dollars in profit which is not that bad if you ask me so imagine if you have three hundred fifty dollars and you divide this by for example twelve dollars for the average employee that's around twenty nine hours worth of work so what I'm saying this guy's you can probably make a ton of money from this business it's pretty solid if you ask me however you're probably wondering Tommy do you like this business but before I do that comment down below and let me know what do you think about this business do you like it do not like it do you think it's cool you think it's not cool comment down below let me know because again it's a growing industry because we have this little trend here and the hype of hey it's brand new not really it's been around for a while but now we can actually sell it for money make a profits by the way don't forget about the taxes because now taxes are involved and the stakes love that also and if you ask me Tommy do I like this business the answer is it sounds pretty cool man I would I get into it probably like not it's not really my thing however if you are into it you like that type of stuff and you're super cool about it then that is awesome it's your group is beginning to by the way the profits are there everything is there the entire problem would probably be the biggest challenge is all about you know getting the license so your party any connections for that so I highly recommend if you want to do this get a proper lawyer a good one a good compliance officer to make sure your application reaches the entire impediment when it comes to actually having the best chance but probably it'll come down to having connections and if you have a lot of money you just buy one right out and they can just use that license so I should run your entire business which is fair game if you ask me and on top of that guys that is all I have for this video comment down below and let me know do you like this business and as always guys if you guys enjoyed this video like the video really appreciate three to ten don't hit the bell notified if you want to talk to me one-on-one una or notice DME and su gramma tiny bracing and on top of that if you want to watch a video for example on how to start an ATM business click this video right here yes for 500k viewers insane and on top of that you wanna turn it on right now I'm subscribed to channel to my face right here I'll see you guys tomorrow thanks for watching as always and peace.

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