Hawaii Dispensaries Could Earn $80.5 Million in Revenue by 2018
Hawaii’s medical marijuana dispensaries could generate between $12 million and $38 million in revenue in their first year of operations, according to the Hawaii Dispensary Alliance.
A report from the trade groups predicts those figures could grow to as much as $80.5 million by 2018. The forecast is based upon the state’s more than 14,000 registered medical marijuana patients growing to between 30,000 and 40,000 in the next two years, The Honolulu Star-Advertiser reported.
Christopher Garth, the alliance’s executive director, said the state’s economic gain from the opening of the medical pot dispensaries depends largely upon the growth of registered medical marijuana patients.
“For Hawaii to reap the benefits of this program, it takes active participation and cooperation from all parties,” Garth said in the report. “The industry is so young, and we haven’t even launched over here and participation is good, but it could be better. As participation grows...
This marijuana news is brought to you by 420 Intel. For the latest breaking cannabis industry news, subscribe to the 420 Intel newsletter. If you'd like to promote your product or service in this area after every article, contact us.
Follow us on Instagram
Connect with us on Linkedin