The Hawai‘i Dispensary Alliance is pleased to announce the release of the April 2016 edition of the HDA Industry Update. This unique, members-only resource is the premier industry publication written exclusively for Hawai‘i’s medical marijuana industry.
In this issue we present a few different articles from successful industry veterans and writers alike.
First up is an article on tax considerations for dispensaries and other businesses that touch marijuana. This article focuses on the history of the Federal Internal Revenue Code 280E, the consequences for MMJ businesses, the impact on patients, Federal Case law pertaining to IRC 280E, pending Federal Legislation, and the tax future for Hawai‘i MMJ businesses.
Next is an article praising Hawai‘i’s decision to place the medical marijuana program under the Department of Health instead of under the Department of Public Safety. This decision will allow the industry to develop a culture of compassion and care for patients that simply does not exist in states where the Department of Public Safety is in charge.
The third article provides information to the industry as a whole about the non-smokeable products that dispensaries can produce and many of the related considerations the industry should consider in the next few months before the dispensaries come online. Details on the prices of CO2 extraction equipment, the necessity of FDA approved supplement ingredients, and the benefits of Standard Operating Procedures are all discussed.
The final article will be quite useful to legislators, dispensaries, and investors as they look to project the size and future of the industry and the success of each dispensary. Looking at similarly sized and regulated markets in Maine and Rhode Island, the author draws some interesting conclusions about the potential size of Hawai‘i’s own market and the revenue potential for dispensaries in the industries first few years.
If you are not yet an Alliance member, join today to receive the HDA Industry Update every month and take an active role in the future of Hawai‘i’s medical marijuana industry. It is the Alliance’s mission to provide up-to-date and relevant industry information to the patients, dispensary applicants, and related businesses of Hawai‘i’s growing medicinal cannabis industry. Contact us today and we will send you the April 2016 edition of the newsletter absolutely free to say thank you for your interest! You can also find us on Facebook or Twitter.