NAICS Code 455219-01 - Marijuana Dispensary (Retail)
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NAICS Code 455219-01 Description (8-Digit)
Hierarchy Navigation for NAICS Code 455219-01
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Tools
Tools commonly used in the Marijuana Dispensary (Retail) industry for day-to-day tasks and operations.
- Point of Sale (POS) System
- Digital Scales
- Packaging Supplies (e.g. jars, bags, labels)
- Security Cameras and Alarms
- Humidity Control Equipment
- Extraction Equipment
- Trimming Scissors
- Rolling Papers and Filters
- Vaporizers
- Glassware (e.g. pipes, bongs)
Industry Examples of Marijuana Dispensary (Retail)
Common products and services typical of NAICS Code 455219-01, illustrating the main business activities and contributions to the market.
- Cannabis Flowers
- Edibles (e.g. gummies, chocolates, baked goods)
- Concentrates (e.g. wax, shatter, oil)
- Topicals (e.g. lotions, balms, patches)
- Pre-Rolls
- Tinctures
- Vape Cartridges
- Dab Rigs
- Glass Pipes
- CBD Products
Certifications, Compliance and Licenses for NAICS Code 455219-01 - Marijuana Dispensary (Retail)
The specific certifications, permits, licenses, and regulatory compliance requirements within the United States for this industry.
- Dispensary License: A dispensary license is required to operate a marijuana dispensary in the US. The license is issued by the state government and is mandatory for all marijuana dispensaries. The license ensures that the dispensary is operating legally and is compliant with all state regulations.
- Medical Marijuana Card: A medical marijuana card is required for patients who wish to purchase medical marijuana from a dispensary. The card is issued by the state government and requires a doctor's recommendation.
- Cultivation License: A cultivation license is required for marijuana growers who wish to supply marijuana to dispensaries. The license is issued by the state government and ensures that the grower is operating legally and is compliant with all state regulations.
- Dispensary Employee License: A dispensary employee license is required for all employees who work in a marijuana dispensary. The license is issued by the state government and ensures that the employee is qualified to work in a dispensary and is compliant with all state regulations.
- Seed-To-Sale Tracking System: A seed-to-sale tracking system is required for all marijuana dispensaries in the US. The system tracks the entire lifecycle of the marijuana plant, from seed to sale, and ensures that the dispensary is compliant with all state regulations.
History
A concise historical narrative of NAICS Code 455219-01 covering global milestones and recent developments within the United States.
- The history of the Marijuana Dispensary (Retail) industry dates back to the 1970s when the first medical marijuana dispensary was opened in San Francisco, California. The industry has since grown rapidly, with the first recreational marijuana dispensary opening in Colorado in 2014. Since then, more states have legalized marijuana for both medical and recreational use, leading to a significant increase in the number of dispensaries across the country. In recent years, the industry has also seen notable advancements in technology, with the development of new strains of marijuana and innovative products such as edibles and concentrates. In the United States, the history of the Marijuana Dispensary (Retail) industry is closely tied to the legalization of marijuana for medical and recreational use. In 1996, California became the first state to legalize medical marijuana, leading to the opening of the first medical marijuana dispensary in San Francisco. Since then, more states have followed suit, with Colorado and Washington becoming the first states to legalize recreational marijuana in 2012. The industry has since grown rapidly, with more states legalizing marijuana for both medical and recreational use. In 2020, five more states legalized marijuana in some form, bringing the total number of states where marijuana is legal to 36. The industry has also seen significant advancements in technology, with the development of new strains of marijuana and innovative products such as edibles and concentrates.
Future Outlook for Marijuana Dispensary (Retail)
The anticipated future trajectory of the NAICS 455219-01 industry in the USA, offering insights into potential trends, innovations, and challenges expected to shape its landscape.
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Growth Prediction: Growing
The future outlook for the Marijuana Dispensary (Retail) industry in the USA is positive due to the increasing legalization of marijuana in various states. The industry is expected to grow as more states legalize marijuana for both medical and recreational use. The industry is also expected to benefit from the growing acceptance of marijuana as a legitimate medical treatment for various conditions. However, the industry may face challenges from federal regulations and restrictions, which could limit growth and expansion. Overall, the industry is expected to continue to grow and evolve as more states legalize marijuana and the public perception of the drug continues to change.
Industry Innovations for NAICS Code 455219-01
Recent groundbreaking advancements and milestones in the Marijuana Dispensary (Retail) industry, reflecting notable innovations that have reshaped its landscape.
- Online Ordering and Delivery Services: Many marijuana dispensaries in the USA have started offering online ordering and delivery services to their customers, making it more convenient for them to purchase products.
- New Product Offerings: Marijuana dispensaries are constantly innovating and introducing new products to their customers, such as edibles, concentrates, and topicals.
- Increased Focus on Customer Experience: Many dispensaries are focusing on creating a welcoming and comfortable environment for their customers, with knowledgeable staff and educational resources.
- Expansion Into New Markets: As more states legalize marijuana, dispensaries are expanding into new markets and opening new locations to meet demand.
- Sustainability Initiatives: Some dispensaries are implementing sustainability initiatives, such as using renewable energy sources and reducing waste, to appeal to environmentally conscious customers.
NAICS Code 455219-01 - Marijuana Dispensary (Retail)
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