Woody Harrelson Applies to Open Marijuana Dispensary in Hawaii
Actor and marijuana advocate Woody Harrelson was one of nearly 60 applicants to apply to open one of Hawaii's first medical marijuana dispensaries.
Harrelson, 54, applied for a license in Honolulu County under his company, Simple Organic Living.
The Hawaii Department of Health posted the list of 66 applications on its website Friday. The state is now reviewing applications for dispensary permits, which they will award in April.
Video game entrepreneur Henk Rogers also applied for a license under his company, Blue Planet Foundation, which advocates for energy independence across the state. Rogers, 61, is famous for designing the video game "Tetris" more than 20 years ago, and lives in Hawaii in an entirely solar-powered home.
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Legal Marijuana Sales Hit $5.4 Billion in 2015, Report Says
It’s not just heat lamps in closets and nickel bags anymore: Marijuana is getting some respect as legal sales take off.
This week two marijuana analysis and investment firms released a summary of a report that appeared to confirm that the industry hasbecome a gold rush. National legal sales of cannabis grew to $5.4 billion in 2015, up from $4.6 billion in 2014, according to the firms, the ArcView Group, based in San Francisco, and New Frontier, based in Washington.
Demand is expected to remain strong this year, with a forecast of $6.7 billion in legal sales, the report said.
The promises and headwinds of the industry are potentially far-reaching and attracting notice on Wall Street. As more states legalize marijuana sales, analysts are weighing the stock market benefits of new businesses ascannabis goes corporate. Funds are considering the ethics of investing in marijuana. Parents are even debating whether to allow their children to buy the stocks.
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