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How Much Does It Cost To Open A Dispensary


Cannabis Dispensary Security And Insurance

Not only will ample security be absolutely necessary to keep a dispensary safe, but it is also required by state and local laws. Different locales have specific statutes about the necessary steps your dispensary must take to ensure that it is tightly secured and regulated. This includes architectural aspects such as vaults, one-way doors, and mantraps.

Upon entry, you will need a station to check in customers with ID verification. Add on 24-hour surveillance with minimum pixel and storage requirements, certified guards, and more.

Take Nevada law, for example: 

 To prevent unauthorized access to cannabis at a cannabis establishment, the cannabis establishment must have:

One single secure entrance of the physical building;

No visible cannabis or cannabis products from outside the establishment.

Security equipment to deter and prevent unauthorized entrance into limited access areas

…Video cameras with a recording resolution of at least 1920 x 1080…at a rate of at least 15 frames per second which provide coverage of all entrances and exits of the building, any room or area that holds a vault and any point-of sale location, which record 24 hours per day

…at least one employee of the cannabis establishment or the employees of

any third party who provides security to the cannabis establishment has completed or will complete

within three months of being hired, … {with}:

…Training in theft prevention or a related subject…emergency response or a related subject in the appropriate use of force or a related subject that covers when the use of force is and is not necessary; in the use and administration of first aid, including cardiopulmonary resuscitation.. in the protection of a crime scene or a related subject…in the control of access to protected areas of a cannabis establishment or a related subject…

The installation costs for a dispensary vary greatly, usually between $10,000 and $300,000 depending on how big and elaborate your space is. The more divided your space is (with safes and separate rooms), the more cameras you will need.

Furthermore, armed security guards cost around $70 an hour. Keep in mind that many cloud-based security companies charge a monthly fee for operating, monitoring, and storing your camera footage data.  Maintenance and off-site data storage for monitoring can be as much as $35 per camera.

Dispensary Insurance Coverage

Like any business, running a dispensary means buying insurance, including general liability, workers comp, and product liability. State laws differ as to what kind of insurance your cannabis retail company needs, but all states require at least some 1st and 3rd party coverage. Typically, only non-admitted insurance carriers will work with dispensaries, meaning they’re not regulated or backed by state insurance guidelines. Depending on the size of your shop, your policy amount, your location, and other factors, you can expect to pay between $1,000 and $5,000 a year for insurance. 



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