Over the past few years, both recreational and medical marijuana have begun to be more accepted. Marijuana dispensaries have a become a lucrative business and the market seems to still be growing. If you have been wondering how to start a dispensary in Colorado, it’s most likely because you’ve noticed the trend in increasing popularity for this industry and have an entrepreneurial spirit. Our expert team at Security Camera King proudly serves both medical and recreational marijuana distributors with their video monitoring systems. We supply state of the art surveillance and security systems to ensure your business meets regulation standards and operates safely.
Initial Requirements
There are various requirements you have to abide by or meet in order to get started on opening a Colorado dispensary. First and Foremost Colorado requires that you be 21 years old or older. Colorado also requires that you be a resident of that state for a minimum of two years before moving forward with your business venture. The exception for the residency clause is for individuals married to a Colorado resident. If you are still interested in how to start a dispensary in Colorado and meet the preceding basic requirements you must ensure that both you, any financial partners, and potential employees all meet another standard. You may not move forward with starting a dispensary if you have had any convictions in the last 10 years that involved any controlled substance and must ensure that any individuals involved in your business haven’t either.
Startup Cost
The process for legal operation of a new dispensary will require perseverance, capital investment, hard work, and entrepreneurial grit. The general application cost for a dispensary will cost $5000, this is nonrefundable. Colorado’s initial licensing fee cost will run at $3000. The requirements of how to start a dispensary in Colorado like any other legal states are to weed out serious entrepreneurs from the uncommitted daydreamers. If you can push past the daunting process and set up a proper business plan you can turn your idea into a very lucrative and successful business.
Security Regulations
Regulation on the security of your dispensary is set in order to protect the business as well as the community. A quality security system will not only deter crime against the business but also prevent marijuana from being illegally moved from the regulated centers. Security Camera King can help protect your dispensary from burglary while helping you meet state regulations for surveillance. The law dictates that you have a security recording system that can monitor your dispensary 24 hours a day without any gaps in security footage. You are required to record and retain the security footage for a minimum of 40 days of this 24-hour video footage.
Our professional team at Security Camera King is knowledgeable on state regulations and all things security related. We can discuss the legislation your state has put in place and help clarify any question on the subject you may have. We have the experience necessary to help you select the best security system for your needs and to help you pass regulation inspections the first time around. We have helped many dispensaries properly secure their locations and are confident we can get you the professional security system you need for yours as well. If have been looking into how to start a dispensary in Colorado, Security Camera King can help your business get on the right track from the beginning.
Amendment 64
If you have an interest in how to start a dispensary in Colorado chances are you’ve probably heard of Amendment 64. One of the clauses in the amendment states that first forty million dollars collected in revenue from wholesale marijuana taxes be returned to the community. This initial $40 million is to be credited to the state’s public school capital construction assistance fund.
Amendment 64 requires that your security digital video recorder is placed in a protected area where it can not be tampered with. Security Camera King offers DVR lockboxes to prevent thefts and tampering. They will keep your digital video recorder safe under lock and key and prevent the system from overheating with an internal fan. We can say from experience that these security measures really win the marijuana regulation inspectors over. They love seeing a system that has been equipped with the proper security measures by the business owner. By taking measures as such you are demonstrating to you inspector and the state that you take your business seriously and are working proactively to prevent any possible issues.
Medical Marijuana
There are numerous benefits and applications for the use of medical marijuana. Marijuana decreases blood pressure in the eyes; this makes it highly effective in treating and preventing glaucoma. Glaucoma damages the optic nerve because of irregular increased pressure and causes a decrease in vision and potential blindness if left untreated. Medical Marijuana has also proven effective in controlling seizures caused by epilepsy.
A chemical found in marijuana known as CBD may help in mitigating the spread of cancer. Cancer cells have been shown to make large amounts of copies of the gene known as Id-1; this gene helps cancerous cells spread through the body worsening the condition. CBD has shown great potential in turning off this Id-1 gene.
Research performed at Harvard Medical School back in 2010 strongly suggested that marijuana could help reduce the effects of general anxiety disorder. The case study suggested that low doses of marijuana would improve the consumer’s mood as serve as a sedative for the user. The emphasis is low doses for such application because higher doses could potentially increase anxiety through paranoia.Marijuana is approved to treat PTSD in many U.S states already and as more research proves it to be effective, the locations are sure to increase. There are currently 29 states with approved medical marijuana use; they include:
- Alaska
- Arizona
- Arkansas
- California
- Colorado
- Connecticut
- Delaware
- Florida
- Hawaii
- Illinois
- Maine
- Maryland
- Massachusetts
- Michigan
- Minnesota
- Montana
- Nevada
- New Hampshire
- New Jersey
- New Mexico
- New York
- North Dakota
- Ohio
- Oregon
- Pensylvania
- Rhode Island
- Vermont
- Washington
- West Virginia
Security Camera King can have your surveillance system requirements professionally catered to. We can help you get your marijuana dispensary moving quickly. Contact our security experts today to have any questions answered and start selecting the right surveillance camera system for you.
