Honolulu, Hawaii: Licensing Hawaiian businesses to engage in cultivating and selling cannabis to adults will create thousands of jobs and raise tens of millions of dollars in new tax revenue, according to an economic assessment provided by the Hawai’i Cannabis Industry Association.
Authors of the report estimated that legalization will create 3,375 new jobs and will yield nearly $82 million in annual tax revenue.
Several bills are pending in the state legislature to legalize the adult-use cannabis market. Newly elected Governor, Democrat Josh Green pledged as a candidate that he would sign legalization legislation if such a bill was advanced by the legislature.
Full text of the analysis, “HICIA 2023 Adult Use Market and Tax Projection Report,” is available from the Hawai’i Cannabis Industry Association.