Nevada lawmakers prepared to tweak state’s marijuana laws – Las Vegas Review-Journal

CARSON CITY — Lawmakers are set to get their first real crack at tweaking Nevada’s new marijuana laws when the legislative session kicks off next month.

Already there are at least a dozen marijuana-related bill requests for the 2019 Legislature, several dealing with the industry’s access to banking, which has long been an issue for marijuana businesses, not just in Nevada. Others look to change where the pot tax money goes.

Nevadans approved recreational marijuana use and sales in the 2016 election, and those sales started in July 2017. Nevada law prevents lawmakers from changing the language of the voter-approved initiative for three years, meaning that the upcoming session will be their first chance to make adjustments.

After some 18 months of legal sales, lawmakers are looking at what’s worked — and what hasn’t — in hopes of keeping the industry relatively stable.

“We’ve learned a lot since the market got up and running, and we want to make sure we take action on what we have learned to not only protect the industry but (also) continue to be the country’s leader in regulations and have the industry thrive,” said state Sen. Yvanna Cancela, D-Las Vegas.

Here’s a quick look at some of the proposals expected to come up during the session of the Legislature, which begins Feb. 4:

Pot money

Nevada’s legal marijuana industry blew past nearly everyone’s initial expectations, with dispensaries selling nearly $425 million of recreational cannabis products and pulling in nearly $70 million in tax revenue in the first full year of sales.

But where that tax money gets directed could change this session.

A special 10 percent sales tax is levied on the sale of all adult-use marijuana in the state, with the revenue going to the state’s rainy day fund.

But a bill calls

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