Cannabis commission issues first producer retail licenses | New
The CNMI Cannabis Commission on Thursday issued the Commonwealth’s first production and retail licenses.
Saipan Select LLC is the first applicant to obtain a retail license under the Commonwealth Commercial Cannabis Program.
With the issuance of a retail license, local residents 21 years of age and older can purchase marijuana legally over the counter.
The Class III Producer License is the most important of the commercial production licenses offered by the CNMI Cannabis Commission.
It allows the license holder a growing area of up to 5,000 square feet of canopy space for legal planting, growing, growing, harvesting, drying and selling cannabis to wholesalers, processors, retailers, fairs, laboratories and / or holders of authorized research certificates. in the CNMI.
“This is a journey that we are taking together. It’s really about setting the right precedent, [or] how strict it is and how flexible it is [it is] also … It’s about doing this ‘the right way’, ”Gov. Ralph DLG Torres said.
Lieutenant Governor Arnold I. Palacios, for his part, stressed the need to take care of both the local community and industry, while Senate Speaker Jude U. Hofschneider reiterated his support for the new industry.
Commission President Nadine Deleon Guerrero expressed the Commissioners’ gratitude to Saipan Select LLC for complying with all requirements.
She also expressed the commission’s gratitude to the Torres-Palacios administration for its support over the past year.
“The fact that we are here today speaks volumes about the kind of support they have provided to the commission,” she added.
Commission CEO Monique B. Sablan said there has been a lot of back and forth with Saipan Select LLC.
“I hope you understand this is for the protection of the Commonwealth. This is for the protection of the Commission, our government and, of course, yourself. We don’t want to go beyond the limits that we know exist, ”she told Saipan Select.
“Thank you very much for entering this industry. I know this is the start and it can be scary sometimes. There’s a lot of investment to be made, but … you’re making history as the very first major producer and the very first retail store, so good luck. “
Sablan also noted that the application and license fees are regulatory fees intended to help the board operate fully and functionally.
“Today we have two licenses for an LLC. [They] are about to help our economy…. I hope and pray that this is a compliance opportunity for [them] to set the tone for other licensees to come…. We want [them] to be successful, but we also want to protect our community, ”said Sablan.
‘Everything is ready’
Former Fire Chief Clyde K. Norita, spokesperson for Saipan Select LLC, said at this time it is difficult to predict how much cannabis the company will produce and the revenue it will generate. during its first year.
Sales will likely begin within the next six to eight weeks.
“Everything is ready… The only thing we are waiting for is the harvest from the plantation,” said Norita.
Saipan Select is also finalizing reductions on cannabis for cancer patients, veterans and manamko.
Saipan Select officially submitted its license application to the commission in December of last year and then met with the commission a month later. In April of this year, its facilities were inspected.
The Saipan Select LLC team is made up of Scott Malin, Chris Cook, Dr John Doyle and Norita.
“We are very positive and aggressive,” said Norita. “It’s a new business and we are learning as we go. It’s good that we are paving the way for future licensees and at the same time building the relationship etc.
Norita said that selling cannabis is similar to selling beer. “The market is there, especially as we are starting to consider reopening our tourism [industry],” he added.
Since its organizational meeting in September last year, the goal of the Cannabis Commission has been to create a safe environment for local residents to have the opportunity to use cannabis legally.
More than 20 commercial applications from potential cannabis operators have been received and considered by the commission, seven of which received Letters of Approval in Principle, or AIPs.
Applicants’ facilities will be inspected by the commission.
The list of fees can be found on the official CNMI Cannabis Commission website at www.cnmicannabis.org
In a statement, Saipan Select LLC said:
“We thank the Cannabis Commission and the General Manager Monique Sablan [as well as] The Acting Director, Janina Maratita, who was instrumental in providing advice to Saipan Select and other applicants to ensure we meet all the requirements to get our license.
“Special thanks to Governor Ralph DLG Torres, Lieutenant Governor Arnold I. Palacios and our elected leaders for having the foresight to introduce legislation to legalize marijuana and create a new industry for marijuana. CNMI. “
In March, the Cannabis Commission issued the first commercial cannabis producer license to Slider Marianas LLC, which operates as T-Marianas.
With Emmanuel T. Erediano