Nevada Allowing Recreational Cannabis as Early as July 1st

 In Blog: Industry

Recreational cannabis shops in Nevada could open as early as July 1st according to a timeline proposed by the state’s top tax official. The Department of Taxation has been crafting rules and deadlines to govern recreational cannabis since Nevada voters legalized it for adults 21 and older last November.

 

A draft of those regulations is scheduled to be released later this Month said the Executive Director of the Department of Taxation, Deonne Contine. The state will begin accepting applications for temporary licenses to sell recreational cannabis in May which is well in advance of the state’s January 1, 2018 deadline. Though the temporary licenses won’t be available to just anyone, they will only be available to medical cannabis shops that are in good standing with the state.

 

Based on the timeline projected by Contine, any entrepreneur could apply for a license to sell recreational cannabis in Nevada as soon as October 2018. The latest that it could happen in July 2019. Contine said the regulations that will be put in place will take away key points from the state’s medical cannabis rules and Colorado’s recreational cannabis rules.

 

The set of rules will include a formula to set the wholesale price of cannabis, which will determine how much the state collects under a voter-approved 15 percent excise tax. The regulations also define who can transport cannabis and how. While tax regulators work on those rules, an official who oversees the state’s medical cannabis industry, Joe Pollock, is growing concerned of how commercial cannabis will affect the drug landscape in Nevada.

“Basically the rurals don’t have dispensaries,” Pollock said of medical cannabis shops. “If anything, I would be worried that the black market would move toward those rural counties because the recreational marijuana will not be available conveniently in those counties.”

 

The only issue with Nevada’s and other states rules and regulations when it comes to recreational cannabis, is that they aren’t creating a safe space where recreational cannabis can be consumed. Not having a dedicated space for people to consume recreational cannabis could become a safety concern for the public.

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