No Retail Cannabis Stores are yet in operation
The Guam Cannabis Control Board as recently as November 2020 has been holding public hearings on how to implement the adult-use rules
Potential Impact Assessment of Legalized Recreational Cannabis in Guam (Tourism Economics)
$80 million in direct tourism spending
$12 million in direct cannabis industry spending
$24 million in direct labor income
754 direct jobs
$133 million total output (business sales) including direct, indirect, and induced output
Hawaii - Medical ONLY
Commonwealth of the Northern Mariana Islands - Medical and Adult Use
Banks: 3
Bank of Guam
Bank Pacific, Ltd
ANZ Guam, Inc.
Credit Unions: 2
Coast360
Community First Guam
Cannabis Control Board Meeting Minutes (7/30/20)
Excerpts from Q&A with Insurance, Securities, Banking & Real Estate Branch, Regulatory Division, Department of Revenue & Taxation
Mariano: "We are still not able to accept deposits from the cannabis industry. we have been asking to see if we could get a copy of your draft rules and regulations. So that we can see how we could apply or even begin to assess the risks associated with the cannabis industry here in Guam."
Mariano: "The networks currently do not allow the use of credit and debit cards, through their networks."
Elm: "And we have been following the California legal framework for a while. [...] Basically, the bank has to build their enhanced due diligence framework and the platform, the main framework would be licensing. If the government of Guam can allow the bank transparency to be able to validate licenses..."
Elm: "... for banks, there is no actual reference document that tells us, 'if you're going to bank a marijuana related business, make sure you do from a to z in regards to your AML (Anti-Money Laundering) program.'"
ID Cards
Responsible Official
Designated Transporter
Cannabis Establishment Occupational License: Manager and Employee
Licenses
Type I Cultivation Facility
Type II Cultivation Facility License
Type III Cultivation Facility License
Type IV Micro-Cultivation License
Cannabis Production Manufacturing Facility License
Cannabis Testing Facility License
Retail Cannabis Store
Possession limit for adults over 21:
1 ounce of cannabis
8 grams of cannabis concentrate
Cannabis products must be <= 800mg of THC
6 cannabis plants, three of which are mature
Cannabis can be "gifted" to other adults over 21
Possession limit for patients:
"Adequate supply means an amount of cannabis, in any form approved by the Department, possessed by a qualified patient or collectively possessed by a qualified patient and the qualified patient’s primary caregiver that is determined by rule of the Department to be no more than reasonably necessary to ensure the uninterrupted availability of cannabis for a period of three (3) months and that is derived solely from an intrastate source."
Home cultivation is allowed with an additional permit
Address:
Medical Cannabis Program Office
Northern Regional Community Health Center
520 West Santa Monica Avenue, Dededo, Guam
Home:
https://dphss.guam.gov/medical-cannabis-information-2/
https://dphss.guam.gov/wp-content/uploads/2020/07/Addition-to-Public-Law-302-34.pdf
https://dphss.guam.gov/wp-content/uploads/2020/07/Amendment-to-Public-Law-343-33.pdf
https://dphss.guam.gov/wp-content/uploads/2020/07/Public-Law-210-34-Rules-and-Regulations.pdf
Inspection Report:
https://dphss.guam.gov/health-inspection-database/
Contact :
Phone: (671) 635-7478
Questions can also be emailed to: medicalcannabis@dphss.guam.gov
GuamTax.com
Banking & Insurance Board
https://www.guamtax.com/bib/index.html
Address:
1240 Army Drive
Barrigada, Guam 96913
Email:
https://www.guamtax.com/app/contactus.do
Insurance, Banking, Securities & Real Estate:
Compliance (ABC):