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 …Â but of course the tax dollars are another component.” [Read more at Hawaii News Now]
Your email address will not be published. Required fields are marked *
Name *
Email *
Website
Save my name, email, and website in this browser for the next time I comment.
Comment *
Notify me of follow-up comments by email.
Notify me of new posts by email.
Δ
By Hilary Bricken, Attorney at Husch Blackwell Dealing with creditors is never a fun experience. However, some creditors are more severe than others, especially in the cannabis industry. One of…
The long wait on whether Floridians will get a chance to vote to legalize recreational cannabis for adults 21 and older is almost over, as the Florida Supreme Court is…
Missouri’s health department on Wednesday stripped two coveted marijuana micro-licenses tied to an out-of-state company that had been accused of predatory practices and had listed the licenses for resale. The…
Big Island Grown (BIG) is a vertically integrated cannabis company based in Kailua-Kona, Hawaii County, on the Big Island of Hawaii, whose reach now extends to several islands in the…