Less than three months after the state awarded its first medical marijuana dispensary licenses, advocates are forecasting huge growth for the industry.
A new report by the Hawaii Dispensary Alliance predicts that revenues generated by the state’s eight medical marijuana licensees will top $30 million in the first year.
But the group believes that business could more than double in 2018.
“We’re looking at a robust industry about to develop. We’re looking at somewhere around $30 million in the next year and as much as $80 million at a conservative estimate by 2018,” said Christopher Garth, executive director of the Hawaii Dispensary Alliance.
“There is significant economic boom that could come about for the dispensaries … but of course the tax dollars are another component.” [Read more at Hawaii News Now]
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