Weed Shops Alexa Image
Menu Search

Medical Cannabis Businesses In Hawaii Will Face Soaring Startup Costs

hawaii-marijuana

Hawaii is about to become the next state with a medical marijuana dispensary program. Cannabis entrepreneurs, however, won’t be in paradise.

The state of Hawaii is planing on building some very strict barriers for entrepreneurs entering the market. One of these requirements is that applicants have $1 million dollars in the bank. If that doesn’t push people away, the price of real estate will.

The largest city in Hawaii, Oahu, has the lowest vacancy rates in the nation for urban industrial properties. The lack of warehouse space makes for a hard time relocating or expanding. Cultivation sites and dispensaries may have to pay sky high prices for properties.

Hawaii legalized medical marijuana in 2000 but never approved a distribution system. State lawmakers sent a bill on to the governor that establishes a regulatory system for the cultivation and sale of MMJ via up to 16 dispensaries across the Hawaiian islands.

In general, Hawaii could be one of the more expensive MMJ markets in the country to start a business in.

Applicants must pay a non-refundable $5,000 application fee. If approved, a dispensary license fee of $75,000 must be submitted to the state within seven days or the license goes to the next qualified applicant.

License winners then must pay $50,000 annually in renewal fees.

Overall startup costs would likely range from $3 million to $5 million, observers say.

For the most up to date info on Weed Shops, follow us on Twitter @WeedShops or like us on our Facebook page.

WeedShops.com – Where The Grass Is Always Greener

There are no reviews so far.

Leave a Review

Your email address will not be published. Required fields are marked *

Weed Shops Download Our App
Welcome To Weed Shops
Apple-app-store-lgo
Find Nearby
Weed Shops, Doctors
Delivery, Head Shops
Strain Menus, View Specials
Read Reviews, Hours
Get GPS Directions
You must be 18 years of age or older to enter this site.
NEW! Download The Weed Shops App Today!