No license shall be issued under section 6 of this title for the production of rum in the United States Virgin Islands unless the Virgin Islands Board of Control of Alcoholic Beverages and the Commissioner of the Department of Licensing and Consumer Affairs find that the applicant therefor will engage in the production of rum produced from fermented juice, the first distillation of which has been or will be performed in the United States Virgin Islands. The provisions of sections 13 and 17 of this title shall otherwise apply to such licenses. The Board of Control of Alcoholic Beverages may issue regulations, with the approval of the Governor, for the efficient and effective execution of the provisions of this chapter, and the holders of licenses issued for the production of rum shall conduct their establishments in accordance with such regulations.