How Much Does It Cost To Start A Cbd Business? (In 2023)

Please note that the data provided in this article are estimates and may vary depending on various factors, and should not be considered as perfect or definitive.

Wondering how much it costs to start a CBD business?

• The minimum startup costs for a CBD business: $62
• The maximum startup costs for a CBD business: $69,697
• The average startup costs for a CBD business: $38,860

Here's a detailed list of a CBD business startup costs:

Learn more about starting a CBD business:

Where to start?

-> How to start a CBD business?
-> Pros and cons of a CBD business

Need inspiration?

-> Other CBD business success stories
-> Examples of established CBD business
-> Marketing ideas for a CBD business
-> Cbd business slogans
-> Cbd business names

Other resources

-> Cbd business tips
-> Blog post ideas for a CBD business
-> Cbd business manufacturers
-> Cbd business hashtags

Equipment & Supply Expenses

Starting a CBD business may require purchasing some equipment, whether that's for producing the product or packaging the goods, or equipment needed in the back office.

Retail Business Expenses

If you plan to have a brick & mortar location for your CBD business, you must weigh the costs of your rent, as it may be the most expensive part of running your business.

Rent costs for your CBD business very much depends on your location. This cost will vary by both region and specific areas of town: a lease in the heart of Manhattan could cost over $80,000/month in rent. Meanwhile, a storefront lease in Florida or Tennessee could cost less than $1,000/month.

Business Formation Fees

There are a few key costs associated with forming your business entity, such as setting up an LLC and getting trademarks, copyrights, and patents sorted.

Software Expenses

Your CBD business needs software to run efficiently!

Why spend money on software? Because it can help you save time and automate certain parts of the business, so you can focus on the most important matters. Software and technology can help you grow your business, and save you from expensive personnel costs.

Office Space Expenses

It will be your call to determine if you need office space. It is not a requirement but may be necessary as your CBD business grows.

Employee & Freelancer Expenses

Website Costs

Every business should have a website, and it's worth spending a bit of money to set it up right.

Inventory Expenses

If you sell a physical good, you'll likely have to start with some inventory.

Advertising & Marketing Costs

Join Starter Story

See exactly how online businesses get to millions in revenue

• 4,818 founder case studies
• Access to our founder directory
• Live events, courses and recordings
• 8,628 business ideas
• $1M in software savings

Join Starter Story