Chronic Regulation: The Next Episode In Nevada's Booming Cannabis Industry – Cannabis & Hemp – United States – Mondaq News Alerts

United States: Chronic Regulation: The Next Episode In Nevada’s Booming Cannabis Industry

20 July 2021

Snell & Wilmer

To print this article, all you need is to be registered or login on Mondaq.com.

There’s no question that Nevada’s cannabis industry is thriving. According to the Nevada Department of Taxation, taxable sales of legal retail and medical marijuana totaled nearly $97 million in March 2021, with $76.7 million of those sales coming from Clark County alone. Together with the steady increase in retail volume, cannabis regulation has been picking up steam through Nevada’s Cannabis Compliance Board (“CCB”) with a series of regulations and guidance providing clarity on otherwise ill-defined procedures. Not to be outdone, Nevada’s legislators also recently passed several new bills, which are detailed below, aimed at this growing industry.

Cannabis Consumption Lounges (aka “Pot Lounges”)

Assembly Bill 341 grants the CCB authority to license and regulate cannabis consumption lounges under two separate licenses. The first license, a retail cannabis consumption lounge license, allows existing dispensaries to add space for a lounge that is attached or adjacent to their adult-use cannabis retail store. The second license, an independent cannabis consumption lounge license, is intended for standalone cannabis lounges not connected with a retail establishment.

These new licenses may allow existing or prospective adult-use licensees to expand their business to provide a place where individuals can consume legal, single-use marijuana products. It also solves an issue where tourists could legally purchase marijuana products, but were not permitted to bring or use those products in many of the hotels and casinos in Nevada. While the CCB has yet to provide official guidance on many of the new regulations and procedures of this law—including new employee

Read More Here...

Share on facebook
Share on twitter
Share on reddit
Share on pinterest
Share on email

Leave a Comment

Your email address will not be published.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

Scroll to Top