Hawaii’s ongoing debate to authorize recreational cannabis sales took another step forward with the release of a new state report.
The state tax department projects the legalization of adult-use marijuana would generate $50 million in tax revenues, Honolulu-based media outlet Hawaii News Now reported.
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The report was sent to the Dual Use of Cannabis Task Force, which was created by Gov. David Ige and the state Legislature to study the potential impacts of adult-use sales.
Hawaii’s medical cannabis industry, which launched in 2017, generated $2.5 million in taxes in the last fiscal year, according to the report.
That tax revenue came on reported sales of $50 million in 2021.
MMJ sales in Hawaii could grow to as much as $63 million this year and $74 million in 2023, according to the 2022 MJBiz Factbook.
Hawaii’s medical marijuana program has 33,725 patients, according to government data.
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