Admittedly, since recreational cannabis remains illegal in Hawaii—with decriminalization only happening in 2019—such a high number isn’t very shocking. Still, those legally operating in Hawaii’s cannabis industry claim those numbers are only so high due to poor “market structure and regulation.”
When it comes to why people choose black market cannabis, one of the most common responses is high taxes. As the industry stands now, Hawaii’s cannabis market is worth about $240 million. With estimates that it could climb to $354 million upon recreational legalization.
That being said, this recent report claims such numbers are modest compared to the $8
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