Amendment unmasks names of Nevada marijuana businesses, owners – Stock Daily Dish

In this Aug. 1, 2018, photo, marijuana is on display at 420 Sahara Wellness in Las Vegas. Nevada regulators and industry insiders say the state‘s first year of adult-use marijuana sales has exceeded their expectations. (AP Photo/John Locher)

Who are the players behind Nevada’s booming legal marijuana industry, which saw more than $400 million in sales in its first year? We could soon find out under a new amendment to a Senate bill approved by lawmakers Thursday.

was amended Thursday to ensure the names of those who are awarded marijuana licenses would become public record.

State law allows the names of marijuana license holders and businesses to stay hidden. In December, the state awarded 61 recreational marijuana licenses, and it .

Several companies that were denied licenses have sued the Tax Department, challenging the application and license awarding process, including 11 cannabis business owners who sued after not receiving a license in December.

This week, the Department of Taxation presented an amendment to Senate Bill 32 aimed at adding significantly more transparency to the industry and the licensing process by making the names of the businesses public and disclosing how the department scores each applicant.

But some, like Sen. Ben Kieckhefer, R-Reno, questioned whether the initial amendment went far enough, as the business owners would have been able to hide behind business names and limited liability companies.

Tax Department Executive Director Melanie Young said the new language is about providing “maximum clarity” for the public.

The amendment was added to the bill and approved by members of the Senate Committee on Revenue and Economic Development Thursday. The bill now heads to the full Senate for a vote.

Helen Kalla, spokeswoman for Gov. Steve Sisolak, said the governor’s office pressed for the change in language to “remove any ambiguity in the

Read More Here...

Leave a Comment

Your email address will not be published. Required fields are marked *

Scroll to Top