Could Hawaii travel be diversified and boosted by Legal Cannabis?

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.”