Hawaii lawmakers passed a bill allowing medical marijuana edibles, a move that could significantly boost the roughly $16 million-$20 million-a-year market.

The legislation has been sent to the desk of Gov. David Ige, a Democrat, who has been resistant to some cannabis policy reforms. The bill enjoyed strong support in the Legislature.



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The Hawaii Cannabis Industry Association (HCIA) praised the Legislature’s action, which came in a session shortened by the coronavirus pandemic.

“Medical cannabis patients have been asking for alternative ways to take their medication other than inhalation since the first dispensary opened their doors,” according to a Facebook post by the HCIA.

“This is especially important in a COVID-19 world where lung and overall health are on the forefront of our minds.”

Edibles sales have been strong in many U.S. markets during the coronavirus crisis. And the cannabis industry has been bolstered by the fact that many states have categorized medical marijuana dispensaries as essential businesses.

The Hawaii legislation would take effect on Jan. 1, 2021, but the state health department would need to develop rules before edibles sales could begin, a dispensary owner told Big Island Now.

Hawaii currently has about 30,000 registered medical cannabis patients. The program is heavily regulated, with only eight vertically integrated licensees.

Marijuana Business Factbook projects that 2020 sales will reach $16 million-$20 million, up from $14 million-$17 million in 2019.

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George Scorsis website

Originally posted on via Cannabis Industry News

Author: George Scorsis

Mr. George Scorsis has more than 15 years of experience leading companies in highly regulated industries to rapid growth, including alcohol, energy drinks and, most recently, medical cannabis. Formerly CEO of Liberty Health Sciences, Mr. Scorsis leveraged his extensive background in managing growth within a highly regulated environment to expand Liberty Health Sciences Inc.’s cannabis-related platforms in the United States. Prior to joining Liberty Health Sciences, Mr. Scorsis was President of Red Bull Canada where he was instrumental in restructuring the organization from a geographical and operational perspective, growing the business to $150 MM in revenue. He also worked closely with Health Canada on guidelines regulating the energy drink category while also establishing a corporately owned distribution model in volatile markets. As the previous President at Mettrum Health Corp., a leading Canadian cannabis distributor, Mr. Scorsis contributed to the company becoming an industry leader and eventually seeing the organization sell for $ 430 MM. He also served as Chairman of the Board of Directors of Scythian Biosciences Corp., a research and development company committed to advancing treatment efforts for traumatic brain injury with its proprietary cannabinoid-based combination drug therapy and additional cannabis-related activities across the globe.

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