Guam Eventually Set to Accept Adult-Use Cannabis License Applications

Guam Eventually Set to Accept Adult-Use Cannabis License Applications
CANNANNEW REPORT

You could say that this process has been happening on island time… The Pacific Daily News reports The Department of Revenue and Taxation on Aug. 29 will start accepting applications from “responsible officials” for the island’s recreational cannabis industry, which is the first step before cannabis businesses and their employees can be licensed and permitted to operate. Although the goal is for government regulatory agencies to have the other cannabis industry application processes and forms ready by that date, “We will not be able to entertain the licensing applications,” Rev and Tax Director Dafne Mansapit Shimizu said during Monday’s meeting of the Cannabis Control Board. The board, which has been discussing the process for starting the island’s recreational cannabis industry, plans to meet at least once more before Aug. 29, which is when Guam law requires the government to start accepting cannabis industry applications. A meeting date has not been set, but will be announced later, according to board Chairwoman Vanessa Williams. The April 2019 law, which legalized recreational cannabis on Guam states the government must start accepting applications from cultivators, manufacturers, testing labs and retailers no later than 90 days after the rules and regulations took effect, which was May 29. It currently is legal for eligible adults to grow, possess and consume cannabis, but it is illegal to sell it or trade it for anything of value unless it is a licensed and permitted cannabis business. Shimizu said Rev and Tax plans to make the “responsible official” application forms available before the Aug. 29 application date. Requirements Rev and Tax is working on flow charts so the public can better understand the application processes, but here are the general requirements: Only a “responsible official” approved by the Cannabis Control Board can submit applications, documents and reports for a…

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Source : Guam Eventually Set to Accept Adult-Use Cannabis License Applications

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