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

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

The newly established recreational cannabis industry in Guam is taking shape, slowly but surely. Pacific Daily News reported this week that government regulators in the United States territory have approved 11 so-called “responsible officials” to participate in the recreational pot market, but the Department of Revenue and Taxation says that “no one has taken the next step of applying for a cannabis establishment license.”  Earning that designation is a crucial step toward landing a license, however. Jeff Wells, the chief executive officer of Metrc—the seed-to-sale tracking system Guam is using—said last year that the company was “excited to rise to the challenge of this unique regulatory opportunity.” “Metrc is thrilled to partner with the Department of Public Health and Social Services as Guam builds its medical marijuana market. We look forward to working with both regulators and licensed business owners to implement the island’s first regulatory track-and-trace program. We are proud to play a leading role in ensuring the safety and security of the nation’s legal cannabis market,” Wells said at the time. Guam legalized recreational cannabis back in 2019 with the Guam Cannabis Industries Act. The measure “legalizes the personal possession of marijuana by adults, and establishes regulations governing the plant’s commercial production and retail sale,” according to NORML. “The law permits those age 21 or older to legally possess and transfer up to one ounce of marijuana flower and/or eight grams of concentrated cannabis. The measure, which took immediate effect, also permits adults to privately cultivate up to six cannabis plants (no more than three mature) in an ‘enclosed, locked space.’ Public consumption of cannabis will remain a violation of law,” NORML explained after the measure was approved. “The Act creates a new regulatory board to draft rules governing the plant’s commercial production and retail sale. The board…

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

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