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Local Marijuana Edibles in Macdonald Ranch, Nevada
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Marijuana dispensaries may start selling recreational weed within Nevada as soon as July 1, the state tax board voted Monday, six months earlier than previously expected. While Nevadans voted last November in favor of legalizing marijuana, lawmakers aren’t expected to draft rules governing the state’s recreational weed program until January 2018. With medical marijuana dispensaries already legally operating across the state, however, the Nevada Tax Commission on Monday voted 6-1 in favor of granting temporary retail licenses to currently existing pot shops. Monday’s decision means licensed medical-marijuana dispensaries in Nevada can submit applications to the state Department of Taxation starting May 15 seeking permission to sell their wares to patrons other than patients. Dispensaries deemed to be in good standing with the state are expected to receive the first temporary licenses July 1, at which point they’ll be legally allowed to serve medical and recreational weed customers alike. Temporary retail licenses will expire January 2018, giving the state several months to study the immediate impact of legalizing marijuana before finalizing the framework for its voter-approved recreational weed program. Indeed, politicians have said they expect retail weed will do wonders for Nevada’s coffers, provided of course its recreational pot program gets off the ground without a hitch. Gov. Brian Sandoval said he intends for recreational marijuana to rake in $70 million within its first two years, the likes of which may not be easily achievable unless some pot shops are given a head-start. “If we don’t adopt the regulations, we will not have a temporary program. If we don’t have a temporary program, we will not have the revenue that’s included in the governor’s budget,” Deonne Contine, the director of the state Department of Taxation, told the Las Vegas Review-Journal. Nonetheless, medical dispensaries across the state are hardly guaranteed a business boom as a result of Monday’s vote: marijuana retailers in Nevada require approval from both state and local officials to operate, but not all jurisdictions have given the green-light just yet to recreational marijuana. While Clark County and its largest city, Las Vegas, plan to license pot shops July 1, Henderson — the state’s second most-populous city — previously passed a moratorium barring any pot shops from opening until at least August, the Review-Journal reported. Nevada and three other states voted last November to approve recreational marijuana, bringing the total number of states to legalize weed to nine, including Washington, D.C., notwithstanding weed remaining a Schedule I narcotic, according to the federal government.
Goal is for July 1 retail marijuana sales, Nevada official says
The application period for Nevada’s early-start marijuana sales is officially underway. The Department of Taxation began accepting applications Monday for businesses wanting to grow, produce and sell recreational marijuana. The licenses will allow medical marijuana dispensaries to sell cannabis products to adults 21 and older, with the goal of retail sales beginning July 1. The application deadline ends May 31. The voter-approved ballot measure tasked the state with creating a regulated marijuana sales structure by the start of 2018. But after visiting and studying other states that legalized marijuana, Nevada officials determined that waiting a full year after the drug became legal would risk growing the black market. ADVERTISING Businesses will need similar licenses at the state level to begin selling marijuana to non-medical patients. Clark County, Las Vegas and North Las Vegas are all planning to issue licenses by July 1. Henderson implemented a six-month moratorium on retail marijuana in February. Only currently licensed and operating medical marijuana establishments in good standing with the state are eligible to apply for retail, production, cultivation and testing licenses. Distribution licenses are available to liquor wholesalers, medical marijuana companies and operating medical marijuana distribution companies. Permanent regulations are being crafted by the Department of Taxation, and permanent licenses are expected to be issued on Jan. 1. License to sell How much a 6-month recreational marijuana licenses will costs businesses: $5,000 to apply for a license, plus an additional fee if the company is awarded a license. Those additional fees range from: $20,000 for retail stores $30,000 for cultivation facilities $10,000 for production facilities $15,000 for testing labs $15,000 for distributors