Approximately how much would it cost to apply for one of the vertically integrated license in the state of Pennsylvania?

12/1/2016 4:02:18 PM,
Diane Czarkowski replied:

The stated costs that the Commonwealth of Pennsylvania has posted for a grower/processor license is $10,000 for the application fee and $200,000 for the registration(if the license is selected). Also the applicant for a grower/processor permit shall provide an affidavit that the applicant has at least $2 million in capital, $500,000 of which must be on deposit with one or more financial institutions. For a dispensary, the application fee is $5,000 and a $30,000 registration fee. In addition, the 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.

In addition to these stated fees, an applicant should have capital to pay for attorneys, consultants, lobbyists, architects, possible acquisition costs for real estate and adding key role talent to the business, if needed.

Approximately how much would it cost to apply for one of the vertically integrated license in the state of Pennsylvania?

Approximately how much would it cost to apply for one of the vertically integrated cannabis licenses in the state of Pennsylvania?  

12/1/2016 4:02:18 PM,
Diane Czarkowski replied:

The stated costs that the Commonwealth of Pennsylvania has posted for a grower/processor license is $10,000 for the application fee and $200,000 for the registration(if the license is selected). Also the applicant for a grower/processor permit shall provide an affidavit that the applicant has at least $2 million in capital, $500,000 of which must be on deposit with one or more financial institutions. For a dispensary, the application fee is $5,000 and a $30,000 registration fee. In addition, the 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.

In addition to these stated fees, an applicant should have capital to pay for attorneys, consultants, lobbyists, architects, possible acquisition costs for real estate and adding key role talent to the business, if needed.

12/3/2016 11:06:29 PM,
Jennifer Martin replied:
Looking at the different clients I've served, I'm seeing them spend $5 million minimally to get completely off the ground, but sometimes twice that.