OCR Provides Update On USVI Cannabis License Application Timeline And Process

In the wake of a prior statement disavowing a schedule that had been widely circulated and purported to outline the Office of Cannabis Regulation's ("OCR") timeline for opening cannabis license applications, on December 16, 2024, the OCR convened an open forum for stakeholders to set the record straight on the OCR's timeline and also address some unanswered questions concerning the impending cannabis license application round in the USVI. At the very outset of the forum, the OCR confirmed that the schedule that many believed to be an official publication of the OCR did not accurately reflect OCR's current licensing timeline and should not be relied upon. The OCR then shared a short slide deck (reproduced below) highlighting some critical procedural and substantive aspects of the upcoming application round and licensing process. For the most part, the slide deck tracks the language of the OCR's rules and regulations and the USVI Cannabis Use Act.