Want to sell weed in Guam?

Slowly but steadily, Guam’s recently formed recreational marijuana industry is taking shape. Guam’s Cannabis Control Board has approved 11 “responsible officers,” or government-appointed business leaders, who must be on site before a business can obtain a recreational license, as officials anticipate applications for cannabis business licenses.

According to Pacific Daily News, the board recently approved Trisha Blas as the officer in charge of an ambitious cannabis manufacturing facility called Guahannabis LLC. The board also approved Eugene Arriola’s responsible official application for The Heights Farm, which aims to grow cannabis in a location no larger than 2,500 square feet of indoor space.

The Ministry of Finance and Taxation also confirmed that a third suspected official application filed by Wang-Chieh “Ronald” Su for cannabis retail store Herbal World has been withdrawn by Su, who expects to re-examine it following a cannabis test to be submitted Plant is in operation,

According to the news site, nine relevant officers had previously been approved and briefed on the following procedures for applying for licenses for cannabis operations. However, no one has applied for a permit yet.

“They did it, they’re concentrating on their paperwork,” Craig Camacho, compliance supervisor for Guam’s Department of Treasury and Taxation, told Pacific Daily News.

Last year, Jeff Wells, CEO of Metrc, Guam’s seed-to-sale monitoring system, stated that the company was “eager to take on the challenge of this new regulatory opportunity.” “Metrc is excited to be working with the Department of Public Health and Human Services as Guam builds its medicinal cannabis industry. Merc looks forward to working with licensed business owners and regulators to launch the island’s first regulated track and trace program. “We are fortunate to be taking the lead in keeping the country’s legal cannabis industry safe,” Wells said at the time.

More hands on deck

Guam’s Cannabis Control Board on Monday approved two more “responsible officials,” according to Pacific Daily News. Nine other people who received the designation already had regulatory approval. These individuals were briefed on the next procedures at a conference on November 17. You have been given the application documentation required to start a cannabis establishment.

A Department of Revenue and Taxation compliance supervisor, Craig Camacho, was quoted by Pacific Daily News. He confirmed to the Cannabis Control Board that the relevant officials have their applications and are preparing their paperwork. However, they still have to submit their application to the Office for consideration or review.

Guam Gov. Lou Leon Guerrero announced late last year that the state had “signed a contract with Metrc. Metrc is a proven provider of cannabis regulatory systems in the United States.” “Over the past decade, there has been significant evidence that marijuana offers therapeutic benefits.

According to Guerrero, the State Cannabis Regulatory Board’s final review of cannabis industry laws and regulations will ensure proper control of recreational cannabis use and promote safe and regulated cannabis products. Guerrero also added that the cannabis industry will support their community. The sector will fund other public health and safety services and provide alternative rehabilitation and treatment to those in need.

According to Guam Lieutenant Governor Josh Tenorio, “As an island territory and tourism hub, Guam’s cannabis sector faces unique barriers to regulation and oversight.” “We are excited about this historic collaboration between Metrc and DPHSS. Working together will help the government implement the safe and responsible launch of our cannabis business in Guam and provide us with the tools we need to ensure our success,” said Tenorio.

Legalization of cannabis in Guam

Cannabis was originally introduced to Guam during the Vietnam War when US military personnel were stationed on the island. However, by the end of 2014, medical cannabis was regulated in Guam by the Joaquin (KC) Concepcion II Compassionate Cannabis Use Act of 2013.

Subsequently, in 2019, Guam legalized recreational cannabis use with the passage of the Guam Cannabis Industries Act. The Guam Cannabis Industry Act was signed into law by Governor Lou Leon Guerrero. This historic achievement legalized the use, possession and home cultivation of recreational marijuana in the state.

A cannabis patient can now possess a maximum of 2.5 ounces of medicinal cannabis without a prescription. Additionally, anyone over 21 can grow up to 6 plants or own up to 1 ounce of cannabis for personal use (3 immature and 3 mature). According to NORML, the law legalizes the personal use and possession of cannabis by adults. It also sets laws that regulate the production process and retail sales of the plant.

The law permits persons over the age of 21 to transfer and possess up to one ounce of cannabis flower or 8 grams of concentrated marijuana. The law also allows individuals to grow up to six marijuana plants (maximum of three mature plants) in a “locked, enclosed space” for personal use.

“However, public use of cannabis will remain illegal,” NORML stated after the measure was passed. “The law establishes a new regulatory agency to develop rules for the commercialization and retail sale of the plant. The committee has a one-year deadline to develop the guidelines that will allow licensed cannabis businesses to operate.”

Conclusion

Guam’s cannabis industry has taken longer than expected to get going. Despite noticeable advances in Guam’s cannabis industry, logistical and political obstacles have meant there are no licensed and functioning medical cannabis companies on the island. This is partly because it took the state a long time to choose a provider for a track-and-trace licensing and sales system. But with those issues already resolved, it now appears that a robust cannabis sector is just around the corner.

Let’s say you’re one of the many cannabis-focused entrepreneurs looking to get on the ground floor of Guam’s growing cannabis market. There’s a lot to do there. But first, you must carefully review Guam’s new and untested cannabis legislation and standards to ensure the success of your new cannabis venture!

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