04-26-2018, 07:10 AM
The lack of a dispensary on Hawaii Island is not the fault of the State
Let's pretend that everything is free-market and that neither State nor County are contributing to the problem. Apply the following oversimplified view:
Test lab will exist where there is profit to be made
Profit is a function volume
Volume is impled by market size.
By this logic, it's not surprising that Oahu has dispensaries given the population (nearly a million people). Nor is it surprising that Maui has dispensaries for its population of about 150K. Strangely, the Big Island has more population than Maui, yet no dispensaries.
It's almost as if someone, somewhere decided that the Big Island market would not make enough money to be worth the effort.
Yet, people like Richard Ha are willing to buy licenses and pay construction and lease costs in hopes that they will someday be allowed to profit.
Remember, not everyone lives in an area where they can grow their own.
Those people should have considered that before deciding to live there, right?
Let's pretend that everything is free-market and that neither State nor County are contributing to the problem. Apply the following oversimplified view:
Test lab will exist where there is profit to be made
Profit is a function volume
Volume is impled by market size.
By this logic, it's not surprising that Oahu has dispensaries given the population (nearly a million people). Nor is it surprising that Maui has dispensaries for its population of about 150K. Strangely, the Big Island has more population than Maui, yet no dispensaries.
It's almost as if someone, somewhere decided that the Big Island market would not make enough money to be worth the effort.
Yet, people like Richard Ha are willing to buy licenses and pay construction and lease costs in hopes that they will someday be allowed to profit.
Remember, not everyone lives in an area where they can grow their own.
Those people should have considered that before deciding to live there, right?