Licensing and Planning: Hawaii
Even though cannabis laws in Hawaii have legalized the substance for medical use since 2000, there was not a legal market until recently. However, ever since the Medical Marijuana Dispensary Program of Hawaii was established in 2015, everyone is looking to open a dispensary in Hawaii. The fact that opening cannabis dispensaries in Hawaii is a hot investment is evident in the fact that the industry has brought in over $2.8 million from August 2017 to March 2018–that’s almost $3 million in only six months.
If you’re wondering how to open a dispensary in Hawaii to cash in on this growing business, here is what you need to know.
The Initial Application Period Ended on January 29th, 2016
When the new regulations went into effect on July 14th, 2015, entrepreneurs were allowed to submit applications for cannabis licenses. While this process ended on January 29th, 2016, it is expected for new applications to be accepted soon.
There are currently eight cannabis dispensaries in Hawaii. Here is how many are located across the state:
- Oahu: 3
- Maui: 2
- Big Island: 2
- Kauai: 1
However, once the application process begins again, your dispensary could be next.
Hawaii Dispensary Fees
Opening and operating a dispensary comes with the following financial obligations:
- Application fee: $5,000
- Initial license fee: $75,000
- License renewal fee: $50,000
- Testing facility certification fee: $3,000
- Testing facility certification renewal fee: $3,000
Our American Cannabis Company consultants can help you understand all the financial requirements for starting a dispensary in Hawaii.
Hawaii Cannabis Laws and Regulations
If you are planning to operate your own cannabis business in Hawaii, it is crucial for you to understand all the statutes and rules. Interestingly enough, Hawaii was the first state in the country to allow qualifying patients to use medical cannabis through legislation in 2000. This law, called Act 228, permitted cardholders or caretakers to grow cannabis.
Act 241 passed and created the state’s dispensary program in July 2015. The first medical cannabis product was sold in Maui in August 2017. Now, patients with a valid 329 card have an easier time accessing cannabis for medicinal purposes.
Cannabis Consulting in Hawaii
Due to the complexities of the laws and application process, it can be difficult to fully understand how to obtain a cannabis license in Hawaii. A consultant from American Cannabis Company can help to simplify the process of starting your own cannabis business.