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Opening a dispensary involves several startup costs that potential business owners need to consider. The initial expenses include licensing fees, which can range from $5,000 to $20,000 depending on the state. Additionally, there are costs associated with securing a location, which may involve purchasing or leasing property, as well as renovations to meet regulatory standards. Inventory costs are another significant factor, as dispensaries need to stock a variety of products. Security measures, such as surveillance systems and secure storage, are also essential and can be quite costly. Marketing and advertising expenses should not be overlooked, as they are crucial for attracting customers. Finally, operational costs, including employee salaries, utilities, and insurance, must be factored into the budget. In summary, the startup costs for opening a dispensary encompass a range of expenses, including licensing fees, property acquisition or leasing, renovations, inventory, security measures, marketing, and ongoing operational costs.