Good news Nevada cannabis enthusiasts: the application period for recreational cannabis sales is underway and stores are expected to open by July 1. Licenses will be distributed to currently operating medical marijuana dispensaries. In addition, liquor wholesalers will be able to apply for temporary distribution licenses.
Here’s everything you need to know about applying for a recreational cannabis license:
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.
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.
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: