Hawaii stands to make more than $13 million each year in tax revenue if it were to fully legalize marijuana.
That’s the result from a new study by NerdWallet, which determined this number by analyzing the population of pot smokers in Hawaii – those who acknowledge smoking marijuana – and the marijuana market size here.
According to the report, there are some 54,185 people in Hawaii admit to smoking marijuana. An estimated 5.69 percent of the population says they smoked within the last month.
In total, Hawaii has a marijuana market size of $71,965,783 and with state and local taxes, could bring in $13,925,379 annually, the report said.