Nevada Looks To Pass A Marijuana Lounge Bill In 2021
When it comes to cannabis investing there are more than just marijuana stocks to buy. Meaning there are many investments you could make in the cannabis industry. For one if you are looking beyond just cannabis stocks you can invest in a CBD company or start one. Due to the Farm Bill Hemp has been legalized throughout the entire United States.
What this did was also make CBD products under a certain THC limit legal as well. Next, you could invest directly in other existing companies or cannabis startups. In more recent times even in legal states, there are no safe places to use marijuana outside of your home.
So one type of investment that is being made is into safe places to consume legal marijuana. In rent reports, the governor of Nevada has placed his name on a piece of legislation that would allow for consumption lounges in the state. Back in May, the proposal passed through the Assembly. Last week the Nevada Senate approved the bill before being signed by Gov. Steve Sisolak.
This bill to legalize consumption sites is being sponsored by Assemblyman Steve Yeager. The bill would create two new licensing divisions for cannabis businesses in the state. One would be for “retail cannabis consumption lounges” the other would be an “independent cannabis consumption lounge.”
Cannabis Lounges May Soon Arrive In Nevada
Existing retailers could apply for the former license and sell products that could be consumed on-site by adults 21 and older. Independent lounges could enter into a contract with an existing retailer. Which would be done to purchase and prepare ready-to-consume marijuana products for resale.
“I am thrilled that Governor Sisolak has signed AB341 into law! Consumption lounges will finally provide a lawful place for both tourists and locals to safely