In November 2016, Nevadans voted to pass the Initiative to Regulate and Tax Marijuana, an initiative to legalize the possession, sale, and private consumption of marijuana for adults over the age of 21. As an initiative petition approved by voters, the bill is not subject to any amendment or repeal until November 22, 2019. On January 1st, 2017, Nevada legalized up to one ounce of cannabis flower or up to one eighth of an ounce of THC concentrates to be possessed by adults over 21. The state legislature then fast tracked a plan to launch the state’s adult use marijuana program on July 1st, 2017. The state relied upon currently licensed medical marijuana dispensaries to make the early transition to recreational sales, though permanent regulatory guidelines will not go into place until January 2018.
The laws and regulations addressing the cultivation, production, distribution and sale of adult use marijuana in Nevada are still in the early stages. The attorneys in our Cannabis Practice are continually tracking legal developments and changes at the state, local and national levels so that we can provide our clients with the most up-to-date information. Each lawyer at our firm appreciates the risks and challenges our clients face and provides accurate advice that enables our clients to thrive in this demanding sector of the economy.
If you are considering entering Nevada’s expanding recreational marijuana industry or have questions about how evolving laws and regulations may impact your current operations, our Cannabis Practice Group can assist you.