Jacob Redmond
Well-Known Member
Applying for a license to run a Hawaii medical marijuana dispensary under the state's new system will take serious investment, but it could be well worth the reward.
This week's cover story in the print edition of Pacific Business News illustrates how the new industry could surpass $30 million in gross annual sales statewide.
However, experts estimate it will cost $3 million to $5 million dollars to run a dispensary, and warn it could take several years for license holders to see a return on investment.
As caretaker for a cancer patient for the past four years, an interested applicant speaking on condition of anonymity says he's applying because he understands the need to improve access to medical cannabis for patients in Hawaii. Prior to the new system, many had to resort to the black market if they or a caretaker could not grow their own. He is also wary of the expedited timeline under the law that was signed by Gov. David Ige this week.
The Hawaii state Department of Health must finalize rules by January, licensees will be announced in April, and they'll be authorized to open dispensaries just three months later in July. He is gathering a team of experts including a lawyer, potential growers, a doctor consultant, and a lobbyist to prepare as well as he can before the application form is made public in January.
"This is going to be deep-pocket professionalism, and the know-how is going to get you there," the source said.
News Moderator: Jacob Redmond 420 MAGAZINE ®
Full Article: Potential Hawaii medical marijuana dispensary license applicants map strategies - Pacific Business News
Author: Lorin Eleni Gill
Contact: Contact Us - Pacific Business News
Photo Credit: David Morris
Website: Business News - The Business Journals
This week's cover story in the print edition of Pacific Business News illustrates how the new industry could surpass $30 million in gross annual sales statewide.
However, experts estimate it will cost $3 million to $5 million dollars to run a dispensary, and warn it could take several years for license holders to see a return on investment.
As caretaker for a cancer patient for the past four years, an interested applicant speaking on condition of anonymity says he's applying because he understands the need to improve access to medical cannabis for patients in Hawaii. Prior to the new system, many had to resort to the black market if they or a caretaker could not grow their own. He is also wary of the expedited timeline under the law that was signed by Gov. David Ige this week.
The Hawaii state Department of Health must finalize rules by January, licensees will be announced in April, and they'll be authorized to open dispensaries just three months later in July. He is gathering a team of experts including a lawyer, potential growers, a doctor consultant, and a lobbyist to prepare as well as he can before the application form is made public in January.
"This is going to be deep-pocket professionalism, and the know-how is going to get you there," the source said.
News Moderator: Jacob Redmond 420 MAGAZINE ®
Full Article: Potential Hawaii medical marijuana dispensary license applicants map strategies - Pacific Business News
Author: Lorin Eleni Gill
Contact: Contact Us - Pacific Business News
Photo Credit: David Morris
Website: Business News - The Business Journals
