Guam Cannabis Control Board

Some businesses on island sell hemp-derived THC products, which were made legal under federal law, but Wednesday’s move launches Guam's commercial cannabis industry.

The board approved a cultivation license for Pacific Root LLC, doing business as Pacific Cultivation, and conditionally approved a cultivation license for Guam Real Deal LLC, doing business as Deep Green Guam.

Regulators and representatives from prospective businesses gathered for a cannabis regulation summit Thursday, reflecting on why the island has failed to produce any licensed cannabis businesses