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GU: License limits and monopolies discussed at cannabis hearing

Various stakeholders in Guam's potential recreational cannabis industry met for the second time Friday night to discuss the draft regulations, again raising the issue of "vertical integration," but also expressing concerns with license fees and rumors about limiting licenses.

Some speakers during the first meeting on Thursday spoke favorably about allowing a business to engage not only in the cannabis retail aspect but also in cultivation or in manufacturing, or any combination.

The draft rules, as written, currently do not allow a cannabis cultivator to also have another type of license.

But Monique Amani, co-owner of Mosa's Joint restaurant, who is looking into starting an edibles business, said Friday that she is against vertical integration over concerns it would lead to monopolies by large businesses able to afford buying up licenses.

"I just believe licenses should not be limited at all. ... Anybody should be able to get a license as long as they can come up with the money to get it," Amani said.

Read more at postguam.com


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