The rules, regulations, and fees associated with opening a dispensary or grow operation in the US Virgin Islands
Disclaimer: This is a Guide, if you are serious about starting a Medical Cannabis Business in the Virgin Islands, consult an attorney.
The Medical Cannabis Patient Care Act (MCPCA) details the regulations and sets the fees for starting a “medical marijuana facility” in the USVI. Here’s an outline of what you need to keep in mind when starting your own dispensary, manufacturing, or grow operation.
Not a resident of the VI and looking to move to the islands to start a business? Not so fast! The MCPCA states that you must be resident for at least 5 years before applying for a license.
Furthermore, the majority owner or shareholders of any cannabis business must also have been a resident for at least 5 years.
The Virgin Islands MCPCA sets a “horizontal market” in the cannabis industry. In other words, no business may hold multiple licenses to control a supply chain from growing to dispensing.
Growers can only sell marijuana to manufacturers and dispensaries. Manufacturers can only sell to dispensaries. Only dispensaries can sell to cannabis patients. No skipping a step.
There are three different businesses and licenses set in the bill. Each with its own rules and fees. Check out the the specific guide for each type of business: