• Development of training programs for store managers and staff, along with daily operation manuals

• Setting up accounts with the Ontario Cannabis Retail Corporation (OCRC) for cannabis inventory

• Assistance with Point of Sale (POS) system setup

• Merchant account setup with providers

• Bank account setup

• Establishing relationships with third-party vendors for cannabis accessories

• Providing detailed market research and data specific to your retail store’s location

• Helping develop a procurement list for your first purchase of cannabis products and accessories

Starting a cannabis retail store requires an initial pre-operational capital investment, typically between $55,000 and $100,000. These costs generally include:

Rent/Carry Costs (First and Last + 3 months): Approximately$15,000 (We recommend keeping rent under $3,000 per month)
AGCO Licensing Fees: Around $10,000
Construction Fit-Out: Between $15,000 and $50,000
Inventory Purchase: Ranging from $15,000 to $30,000

With a conservative estimate, annual revenues for a well-run store in a decent location are projected to be between $650,000 and $1.2 million. Based on current market data and a lean operational structure, you can expect gross profits to be just under 30% to 40% of your annual revenue.