Rent: The size, type, and location of the facility you select will have a major impact on your month-to-month operating costs, but also your potential to earn revenue. A larger facility will cost more in rent, but offer greater flexibility and growth opportunities.
Other Supplies & Equipment: Grow pots, carbon filters, pH test kits, trimming equipment, stakes, zip ties, cleaning supplies, personal safety protection gear, drying racks, and storage receptacles are all examples of additional supplies and tools you may need to purchase upfront. You may also wish to consider purchasing and installing a security system.
Typical Commercial Grow Room Setup Costs
How much does it cost to set up a commercial grow room? With several new states legalizing cannabis in 2020, we may soon be seeing an increase in the number of commercial grow rooms in the United States. Of course, there is a lot to consider when establishing a cannabis grow room: location, branding and marketing, sales strategy, legal considerations, hiring decisions, and last but certainly not least, setup and operating costs.
So, what are the main commercial grow room setup costs you should plan for?
Lighting: The two most common lighting options for indoor grow rooms are high-intensity discharge (HID) and LED lights. HID lights are less expensive, but they generate a lot of heat which can in turn drive up your climate control costs. LEDs cost more to buy, but you will save money on electricity in the long run.
You can register for an Industrial Hemp license using this form.
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The following factors will increase your odds of an accepted application:
Real Estate: Wherever your business will be located, make sure you are prepared for the practical requirements of that location. For example, if you are planning a grow operation with hundreds of plants, make sure you have developed a floor plan for the operation of the indoor grow that is based on real floor plans and accounts for the day-to-day operational requirements that will be needed.
The same goes for financial partners and employees.
Once all applications have been filled out and all necessary fees are paid, you will need an appointment with the Marijuana Enforcement Division. You’ll need to bring copies of all documentation, every part-owner of the potential business, and personal identification (such as a drivers’ license or passport) for all parties under the application.
The Medical Marijuana Business License Application form is used to apply for all of the above license types – you will need to fill out an application form for each license you want to get.