It’s official: Hawaii legalizes dispensaries

Hawaii Gov. David Ige has signed a new law that paves the way for up to 16 dispensaries across the islands, bringing marijuana business opportunities to a state that legalized medical cannabis 15 years ago.

Under the measure, Hawaii will license eight companies to cultivate and sell marijuana. Each business can open up to two dispensaries.

The law sets up an application period from Jan. 12 to 29 for entrepreneurs who have at least $1 million in assets and have been Hawaii residents for at least five years.

Startup costs for those dispensaries will likely range well into the seven figures, with some estimating that it will cost between $3 million and $5 million to found a dispensary on one of Hawaii’s islands. Initial licensing fees alone will run $75,000, and companies will have to fork over $50,000 annually to renew their permits.

The costs could be worth it: Dispensaries will have access to the state’s 13,000 registered patients. Many more could sign up for cards once dispensaries start opening, and in 2018 the state will allow dispensaries to sell to visitors that have MMJ cards from other states – further boosting the market.

Ige signed the bill at the last possible minute: It would have become law after Tuesday even without his signature, although he could have vetoed the measure.

Hawaii legalized medical marijuana in 2000 but only allowed home growing until now.

4 comments on “It’s official: Hawaii legalizes dispensaries
  1. Drew Bright on

    They’re granting monopolies and phasing out caregivers, further limiting already-existing grows, and monetizing the process instead of treating it like the life-saving herbal supplement that it is. Patients will suffer from this in the long-run but I have faith that Akua will show us the way to OverGrow any problems as necessary. FREE HAWAII!

    Reply
  2. Roger Krehl on

    This law is NOT a step forward for Hawaii’s MMJ patients. The financial requirements will make the Cannabis far more expensive than current prices. I have no idea where the legislators got their ideas, but it clearly wasn’t from someone who knew anything about the issues. Attaching price tags like these to this industry will not do ANYTHING to help patients. This law is badly in need of change before it gets entrenched.

    Reply
  3. Seth Tyrssen on

    Yet another “feel good” law that’s just a bit of grand-standing by politicians. Seems to be a lot of that going around. Hawaii’s THC Ministry got it right! Hawaii residents, JOIN THEM, or the non-denominational Temple of Ankh’n’Abis, Church of the Sacred Herb (on Facebook.) Add the issue of RELIGIOUS FREEDOM to your arsenal!

    Reply

Leave a Reply

Your email address will not be published. Required fields are marked *