Earlier this week, Hawaii’s Cannabis Taskforce met again in the move forward toward possibly legalizing marijuana in Hawaii.
The state has now projected that at least $50 million in tax revenue is possible through legalizing sales without a prescription. Others are certain that the state’s estimates are extraordinarily low. Hawaii has been looking at ways to be less tourist-dependent; could this be it?
This comes as the state’s research arm, UHERO recently said, “Hawaii’s economy is extraordinarily specialized in tourism, resulting in vulnerability to
external shocks and diminishing productivity growth. In response… policy-makers in Hawaii increasingly emphasize diversification.”
Currently, marijuana use in Hawaii is limited to those with a medical need. Dispensaries exist but are only allowed to sell to those with medical marijuana cards.
Green administration is pro-green.
There is a sense that if Josh Green is elected (a largely foregone conclusion), he will help move legalizing marijuana forward. He said recently, “I think that people already have moved past that culturally as a concern.” He’d like to see tax money from marijuana sales be invested in “our mental healthcare system for the good of all.” While supporting mental health is good, we are wondering if there are other places the money should be invested too, like affordable housing.
Alternative to Hawaii travel’s tax money?
Marijuana would have a long way to go in replacing Hawaii’s tourism taxes. The state says that in 2019, pre-Covid, for example, it collected $600 million in accommodation taxes alone.


