No One Has Applied For A Cannabis Retail License in Guam Yet

Guam’s newly established recreational cannabis industry is slowly but surely taking shape.

Pacific Daily News report This week, government regulators in U.S. territories approved 11 so-called “responsible officials” to participate in the recreational pot market, but the Department of Revenue and Taxation said, “Nobody should take the next step in applying for cannabis. It states that it has not stepped on the establishment permit.

However, obtaining that designation is an important step towards obtaining a license.

Jeff Wells, chief executive of Metrc, the seed-to-sale tracking system used by Guam, said last year that the company was “thrilled to meet the challenges of this unique regulatory opportunity. ‘ said.

“Metrc is excited to partner with the Department of Public Health and Social Services as Guam builds its medical marijuana market. We look forward to implementing it, and we are proud to play a leading role in ensuring the safety and security of the country’s legal cannabis market.” Wells then said..

Guam legalized recreational cannabis in 2019 through the Guam Cannabis Industry Act.

The bill would “legalize private possession of marijuana by adults and establish regulations governing the commercial production and retail sale of marijuana.” normal.

“The law allows persons over the age of 21 to legally possess and transfer up to 1 ounce of marijuana flowers and/or up to 8 grams of cannabis concentrate. Adults are also permitted to personally grow up to 6 cannabis plants (no more than 3 mature) in a “closed and locked space.” Public consumption of cannabis remains illegal” NORML explained After the measures have been approved. “This law creates a new regulatory board to draft regulations governing the commercial production and retail sales of factories. We have a one-year timeline for hiring.”

Guam’s Cannabis Control Board gave the go-ahead to two more “responsible officials” on Monday. Pacific Daily NewsThe regulator had already granted permits to nine others who had earned the designation.

These individuals were “informed on next steps at a November 17 meeting and given the necessary application forms to open cannabis facilities.” Pacific Daily News report.

“They have it. They’re working on a packet, but they haven’t actually submitted anything to the office for review or consideration at this time,” said Craig, a compliance supervisor at the Department of Revenue and Taxation. Camacho told the Cannabis Control Board. As quoted by Pacific Daily News.

Guam Gov. Lou Leon Guerrero announced late last year that the island “has entered into an agreement with Metrc, an experienced provider of the U.S. cannabis regulatory system.”

“Over the past decade, we have seen substantial evidence that cannabis has medicinal benefits. We can ensure a regulated product,” Guerrero said. Said statement at the time. “The cannabis industry will benefit our communities by funding the expansion of public services in health and public safety and providing alternative treatment and rehabilitation to those in need.”

“As an island territory and tourism hotspot, Guam’s cannabis market faces unique challenges with respect to regulation and oversight,” said Guam Lieutenant Governor Josh Tenorio.

“We are excited about this historic partnership between DPHSS and Metrc. It will give us more tools,” Tenorio said.