According to Sarah Parfitt writing for Hawaiʻi Marijuana News, “A former Bank of Hawaii branch on Kapahulu Avenue is set to become a medical marijuana dispensary. Tradewind Capital Group and Colbert Matsumoto purchased the property a year ago for $4.5 million.”
According to Duane Shimogawa at Pacific Business News, “The 5,434-square-foot building will be converted into a dispensary in 2017. Although Tradewind is a real estate investment firm, it is the primary investor for Cure Oahu, which is one of the three medical marijuana dispensaries on Oahu to obtain a license.” PBN is also reporting, “a $750,000 building permit with the City and County of Honolulu’s Department of Planning and Permitting for the renovation of the former bank branch into a medical marijuana dispensary. Stanford Lee, principal of Honolulu-based Next Design LLC, is listed the architect for the project. The property at 727 Kapahulu Ave. encompasses a 5,434-square-foot building on 13,568-square-feet of land. It has a total assessed value of about $3.7 million, public records show.”
Tradewind is also the primary investor in Cure Oahu, one of three medical marijuana companies on Oahu to get a license to sell its products.
The other two licensees are Aloha Green Holdings Inc. and Manoa Botanicals LLC.
Aloha Green, the top-scoring medical marijuana licensee on Oahu, is leasing out space in Honolulu for what is likely to become a dispensary for the company, as first reported by PBN.
Delays have prevented Hawaiʻi dispensaries from opening. Some say that dispensaries could have been open as early as July 2016. Many dispensaries are expected to being opening in early 2017.”
