The Honolulu Star-Advertiser reports..
Hawaii’s medical cannabis industry generated $2.5 million in state taxes in the fiscal year that just ended—and tax projections on potential adult, recreational cannabis sales would struggle to meet the financial needs to oversee, address and administer legal use, state Rep. Ryan Yamane told the Honolulu Star-Advertiser’s “Spotlight Hawaii ” livestream program Monday.
Projections of $50 million in state tax revenue on a recreational cannabis industry would make it hard to create a new oversight department or increase adequate staffing to test and otherwise regulate the industry, let alone fund education and health programs, Yamane, chair of the House Health, Human Serv ices Committee, told “Spotlight Hawaii.”
“There’s not much that $50 million can pay for, ” Yamane said. “So there is not … this huge windfall that will be able to subsidize education or health services.”
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