Hello Reddit!
As the title suggests I would like to begin setting myself up to be able to open a dispensary when medical marijuana cards becomes legal in my state of WV in 2019.
About me... I am a 24 year old recent graduate working as a software dev full time. I have started small side businesses before but nothing of this scale or money invested. So that means much to learn!
I have been saving and am on route to have around 15-20k by mid-2018 ready to put into the business with another 30k by mid 2019. I know this won't be enough but with marijuana still being federally illegal what are my options for bigger capital?
In the proposed rules it also mentions the following
26.2. An applicant for a dispensary permit shall provide an affidavit that the applicant has at least $150,000 on deposit with one or more financial institutions.
Is there any possible chance of coming up with this money through other means such as a loan or would that be a really bad idea? What are other ways to be able to comply with this rule?
Are there any insights into where to get professional consultation in this industry? I know it's still a new industry so I would like to have a good plan so as to not have any surprises later on.
tldr: Planning to start a dispensary in 2019, have some questions on the business start up.
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