Cannabis Industry Opportunities
Alabama
Interested in opening a dispensary in Alabama? This guide covers the knowledge, cost, and process required to start a cannabis business in the state.
In March 2021, Alabama proposed SB46, also known as the Darren Wesley 'Ato' Hall Compassion Act, to establish medical marijuana regulations. The Alabama Medical Cannabis Commission (AMCC) was created to oversee licensing and patient registration.
Licenses require a non-refundable application fee of $2,500, and fees range between $10,000 and $50,000 depending on the license type.
Opening a medical marijuana dispensary in Alabama involves an initial application fee of $2,500. Additional licensing and development costs range from $35,000 to $75,000, while capital investments for business operations can reach $400,000 to over $1,000,000.
The Alabama Medical Cannabis Commission was formed in 2019 to study marijuana legalization. In 2020, SB165 passed through the state senate, allowing medical cannabis consumption via oral pills, transdermal patches, oils, and gummies while prohibiting smoking or vaping raw plant material.
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Alabama is projected to retail around $48 million in its first full year of medical sales, about $163 million in the second year, and approximately $387 million in the third year of legal medical cannabis sales. - Akerna
If you are just starting your marijuana business, the best next step is to create a Business Plan to educate your team and prepare for the marijuana business license application process.
If you are ready to apply for a Marijuana Business License in Alabama, please contact us or call our offices to set up an appointment. You can also explore other state opportunities or fill out our Contact Form to discuss strategies such as investment or partnership opportunities.