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Legalizing cannabis in Hawaii creates potentially $50 million state tax revenue

HONOLULU, HI – Recent reports show that legalizing cannabis in Hawaii could potentially bring in over $50 million in state tax revenue.

Hawaii News Now reports that the state tax department reported those figures recently but that dispensary operators claim it will be more.

Currently the state has legalized medicinal marijuana, over 33,000 patients have medicinal marijuana cards, and during the last fiscal year it generated $2.5 million in state tax revenue.

The state is looking at legalizing marijuana for adult use and has held nine public meetings so far. Another public meeting is set for November 14 and will be held at the Hawaii State Art Museum.

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