{"id":363971,"date":"2022-03-11T06:04:42","date_gmt":"2022-03-10T20:04:42","guid":{"rendered":"https:\/\/www.saipantribune.com\/?p=363971"},"modified":"2022-03-11T06:04:42","modified_gmt":"2022-03-10T20:04:42","slug":"even-at-height-of-pandemic-investors-take-risk-in-marijuana-industry","status":"publish","type":"post","link":"https:\/\/www.saipantribune.com\/index.php\/even-at-height-of-pandemic-investors-take-risk-in-marijuana-industry\/","title":{"rendered":"\u2018Even at height of pandemic, investors take risk in marijuana industry\u2019"},"content":{"rendered":"<p>Even during the height of COVID-19 pandemic in September 2020, the CNMI Cannabis Commission saw people willing to take the risk in investing in the marijuana industry, according to CCC managing director Monique Sablan.<\/p>\n<p>In her presentation before the House of Representatives Commission on Cannabis Tuesday, Sablan the marijuana industry opened in August 2020 when the online portal for commercial and non-commercial license applications was opened. Just a month later, in September 2020, they received about nine to 10 applications, she said, which Sablan found very interesting because the CNMI was at the height of the COVID-19 pandemic at the time.<\/p>\n<p>She said from September 2020 all the way to 2021, they received applications for a marijuana producer license, marijuana wholesaler, marijuana processor, marijuana retailer, and marijuana lounge. She said with the five different production licenses that were issued within the last year, a total of  17 jobs\u2014three part-time and 14 full-time\u2014were created. Sablan said these are jobs range from owner to head grower, grower assistant, production manager, farm assist, farmer, and others.<\/p>\n<p>Some have overlapping positions, such as the owner who acts as grower or the head grower. \u201cBut almost always they have a secondary employee, either a farm assistant or growing assistant. But for the rest of them, they\u2019re really  new jobs that have been created,\u201d she said.<\/p>\n<p>Sablan said there are three retailers that have a total of 15 job positions\u201412 part-time and three full-time. <\/p>\n<p>As more applicants continue to be licensed, that will translate to more jobs, she said. <\/p>\n<p>\u201cRemember that there\u2019s so many variations and sizes. Some people want to have a small retail shop, some people want to open up a larger retail shop. Some people want to be producer class 3 versus micro producer,\u201d she said.<\/p>\n<p>She said the Business Gross Revenue reported per month from a combination of all the licenses range from $81,464 in July 2021 all the way up to $171,978 in December 2021.<br \/>\n\u201cWe\u2019ve only really seen the industry grow\u2026since July [2021],\u201d Sablan said, adding that this is only six months worth of information and data. \\<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Even during the height of COVID-19 pandemic in September 2020, the CNMI Cannabis Commission saw&#8230;<\/p>\n","protected":false},"author":23,"featured_media":363953,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-363971","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-local-news"],"_links":{"self":[{"href":"https:\/\/www.saipantribune.com\/index.php\/wp-json\/wp\/v2\/posts\/363971","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.saipantribune.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.saipantribune.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.saipantribune.com\/index.php\/wp-json\/wp\/v2\/users\/23"}],"replies":[{"embeddable":true,"href":"https:\/\/www.saipantribune.com\/index.php\/wp-json\/wp\/v2\/comments?post=363971"}],"version-history":[{"count":0,"href":"https:\/\/www.saipantribune.com\/index.php\/wp-json\/wp\/v2\/posts\/363971\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.saipantribune.com\/index.php\/wp-json\/wp\/v2\/media\/363953"}],"wp:attachment":[{"href":"https:\/\/www.saipantribune.com\/index.php\/wp-json\/wp\/v2\/media?parent=363971"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.saipantribune.com\/index.php\/wp-json\/wp\/v2\/categories?post=363971"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.saipantribune.com\/index.php\/wp-json\/wp\/v2\/tags?post=363971"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}