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Hawaii
Cannabis Market
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Hawaii Cannabis Market At-A-Glance

Overall Rating: B
Hawaii was the first state to legalize cannabis through the state legislature as opposed to a ballot initiative. Medical sales have been on a steady rise and will only increase as tourism returns to the islands and people begin to move. Recreational cannabis is still not legal in Hawaii.
Medical Use: Yes
Adult Use: Yes
Market Potential
C-
There are only 8 operations allowed across all islands. This allows for location dominance.
Licensing
B-
Very expensive licensing fees, licensing is limited.
Competition
A
Low competition - high population compared to limited amount of dispensaries
Tax/Regulatory Structure
A
Low taxes.

Hawaii Cannabis Details

Population (Rank)
1,416,000
#40
Size/Density
222.9 sq. miles
#13
Medical Cannabis?
Yes
2000
Adult-Use Cannabis?
Yes
2016
2020 Medical Sales
2022 Projected Medical Sales
$58,000,000
$120,000,000
+107%
2020 Adult Use Sales
2022 Projected Adult Use Sales
NA
NA
NA
Regulatory Agency
State of Hawaii Department of Health, Medical Marijuana Dispensary Program
https://health.hawaii.gov/medicalcannabis/
# of Dispensaries (allowed/issued)
8
8
# of Cultivators (allowed/issued)
None separate
8
# of Manufacturers (allowed/issued)
None separate
8
# of Testing Labs (allowed/issued)
NA
3
Vertical Integration?
Required
Residency Requirements?
Yes – the applicant must be a legal resident for no less than 5 years, and 51% must belong to a Hawaii resident.
Social Equity?
No

Cannabis Taxes

Combined Tax Rate
4%
Excise Tax
None
Retail Sales Tax
None
Local Sales Tax
None
State Sales Tax
4%, except Oahu is 4.5%
Cultivation Tax
None

Licensing Fees (per year)
*Varies based on gross revenue

Dispensary
$75,000 application, $50,000 renewal
Testing Lab
$3,000, $3,000 renewal

Application Fees

Dispensary
$5,000

California – US HQ
10250 Constellation Blvd.
Los Angeles, CA 90067

Belgrade – EUR HQ
Milutina Milankovića 1
Beograd 11070, Serbia

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