Nevada Approves Cannabis Consumption Venues

In #Nevada, Governor Steve Sisolak approves a measure to permit on-site cannabis consumption lounges in the state. The social use legislation creates two new license categories: one for existing marijuana #dispensaries and one for independent venues who will be allowed to partner with retailers to offer “ready-to-use” products, which could not be taken off premises. The state’s Cannabis Compliance #Board will be responsible for regulating the facilities and establishing a license fee structure, including reduced fees for social #equity applicants. 20 independent consumption lounge permits will be made available, and while there is no total cap on the number of licenses for existing #cannabis stores, each company will only be eligible for one regardless of how many #retail locations they operate. A #Senate-approved amendment to the law grants local #governments authority to prohibit the new #business category within their jurisdictions. According to the bill’s sponsor, #democrat assemblyman Steve Yeagar, social use lounges provide a solution for the state’s #millions of #tourists who are currently able to purchase marijuana, but may not have a place to legally use it. The new policy was met with excitement from those in #Nevada’s #marijuana industry, who aim to attract visitors to the state with #consumption venues like #cafes, fine-dining #restaurants, #entertainment #arenas, and #wellness centers. Though they didn’t disclose details, #Planet 13 revealed plans to open an expansive lounge within their #LasVegas Superstore. With the recently-approved law going into effect #October 1st, the application process for the new licenses is expected to begin early next year.

William Bradley

William Bradley

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