How to Open a Dispensary 101: Licensing & Application Phase

With cannabis sales projected to generate over $22B in 2021, investors are considering what license opportunities have the most potential. A dispensary license offers a healthy profit margin with most new operations 75% profitable within the first year of opening. New Mexico entrepreneurs interested in applying for a license will learn what they need to consider and how to prepare for their dispensary application.

Maxime Kot

Maxime Kot is president and part owner of national consulting firm The Cannabis Business Advisors. A cannabis licensing and compliance expert with six years of direct industry experience, Kot has built a proven track record securing multiple cannabis licenses across 17 state markets. As president, Kot oversees client relations and serves as company lead on projects involving application and licensing preparation, operational analysis, policy and procedures, and business development planning.