The state government opted for a tightly controlled, vertically integrated industry of eight companies. Other states created more open systems.
When Christopher Garth started the nonprofit Hawai‘i Dispensary Alliance in 2016, he envisioned the Islands as a leader on the global cannabis stage – a Hawai‘i that let its paka lōlō roots blossom into a bustling industry, where cannabis stood beside hospitality and agriculture as a local economic force. That hasn’t happened. Instead, Hawai‘i’s medical marijuana industry is a state-sanctioned oligopoly. The eight licensed companies with 10 outlets statewide control all the legal growing, processing and sale of medical marijuana. There are no outlets on Moloka‘i and Lāna‘i, and patients are not allowed to transport marijuana between islands.
Garth and other cannabis advocates who are outside the oligopoly say strict government regulations and an inadequate state administrative direction have created an ineffectual industry in which dispensaries charge high prices for their limited number of products to stay afloat. [Read more at Hawaii Business Magazine]
Your email address will not be published. Required fields are marked *
Save my name, email, and website in this browser for the next time I comment.
Notify me of follow-up comments by email.
Notify me of new posts by email.
An Alabama regulatory commission has plenty to do before people can apply for medical cannabis licenses, so it won’t push for a date that might allow sales next year, a commission official said. The Alabama Medical Cannabis Commission had said earlier that it might ask for the date to be moved up. It decided last week not to do…
South Dakota’s new medical marijuana law could be scrapped and replaced with what’s being called a “compromise” that would legalize cannabis use for adults. That’s the aim of draft legislation that will be considered Tuesday by a committee that spent the summer and fall studying “adult-use” marijuana policy. “It’s about as close as we’re going to…
Watching Santa Ana, California-based Unrivaled Brands (OTCQX: UNRV) compete in this market reminds me of the movie Memento, where memoryless Guy Pearce literally experiences the action unfold along with the rest of us, even though it’s his story and he’s the only one in it living life essentially in reverse. Similarly, and this may indeed…
LOS ANGELES (AP) — The U.S.′ expanding legal marijuana market is helping drive strong sales and profit growth for multistate operators like Trulieve Cannabis Corp. The Quincy, Florida-based company sells cannabis products in 11 states from Arizona to Pennsylvania. It reported $408.9 million in revenue in the first half of this year, an 89% jump…