Want to Sell Medical Marijuana in New York? It Could Cost You $30 million

Medical Marijuana (photo: Mark)

Medical Marijuana (photo: Mark)

A booming medical marijuana industry might have you dreaming of how easy it would be to set up shop, grow some bud, and make a living. Unfortunately, things aren’t that simple, especially in New York state. Out of 43 business that have applied, only five have been granted licenses. Significantly higher than average application expenses and strict licensing requirements are pushing the upfront capital investment required close to the $30 million mark. You know what they say, you’ve got to spend money to make money.

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http://www.marketwatch.com/story/want-to-sell-medical-marijuana-in-new-york-it-could-cost-you-30-million-2015-08-11