On July 1st, 2017, the world watched as the State of Nevada commenced it’s recreational cannabis program. A recent article, by Rolling Stone Magazine, described the recent celebrations, leading up to the commencement, as “a celebration outside a dispensary, complete with DJs, food trucks and a line that belongs at the airport.” The celebrations happening because Nevada joined Colorado, Oregon, Washington and Alaska and became the fifth state to allow dispensaries to sell cannabis products to recreational users.
The Law
Under the new Nevada law, people 21 years of age and older can now buy and possess up to an ounce of cannabis flower, or an eighth-ounce of concentrates like wax, shatter and oil, available at dispensaries throughout the state.
Nevada is expecting to collect $70 million, from the heafty 34% in taxes, for education over the next two years. However, its medical program, which is protected by a recently passed law, will take in much fewer taxes, with the intent of keeping costs down for patients.
Leslie Bocskor, a cannabis-industry financial advisor, told Rolling Stone Magazine that "It shows that Nevada can regulate and process the issue of getting this done quicker and with less bumps – far fewer bumps than we saw in Oregon with the fast track, fewer bumps than we saw in Washington with adult use, and fewer bumps than Colorado,". "Why? Because Nevada has been regulating things that other people don't know how to regulate for decades." he continued to say.
Cannabis
Tourism
Across
The U.S.
Nevada’s New
Cannabis Scene