Clark County officials are closely monitoring the state’s efforts to regulate cannabis consumption lounges, a process that will largely inform how the county sets its own expectations for the marijuana industry’s expansion.

When they open this year in Nevada as expected, following approval in the state Legislature last summer, lounges will provide locals and tourists with places to consume marijuana. But first, the state’s Cannabis Compliance Board must finalize regulations, which local jurisdictions may then strengthen if they wish.

A marijuana cultivator and producer in Washoe County could lose its license after it avoided paying hundreds of thousands of dollars in taxes, according to a complaint filed by the Cannabis Compliance Board this week.

NNV Operations I, INC, which operates under the name Silver State Trading, had numerous unpaid or underpaid wholesale marijuana taxes to the Department of Taxation dating back to June 2019, according to the complaint filed by the board. The state collects a 15 percent wholesale cultivation and production tax on marijuana in the state.

Las Vegas hopes to become a pioneer in creating public consumption spaces.

RENO, Nev. (News 4 & FOX 11) — Extended Studies at the University of Nevada, Reno has high hopes for its new cannabis education program.

The fully online courses will be offered as four separate certificates to help students land jobs in the budding marijuana industry.

"I think the one thing we've seen with COVID is that people have been displaced from jobs. People have realized they might want a completely new career," said Jozi Herzik, interim vice provost with UNR Extended Studies. "This is an opportunity. And they're also really well paying jobs."

According to the program's website, skilled labor salaries in the cannabis industry are 11% higher than the average median salary in the US.

You can add Nevada to the list of states that have surpassed more than $1 billion of medical and recreational cannabis sales over a one-year period (according to state officials) and we consider this to be a milestone for the US market. (as originally appeared on technical420.com)

A marijuana dispensary is suing the city of South Lake Tahoe, California, after the city council revoked its cannabis and businesses licenses for failing to open on time — a delay the business blames on the COVID-19 pandemic.

Perfect Union SLT was awarded one of two microbusiness cannabis licenses in November 2019 as part of an agreement that gave it a year to open the business.

The cannabis business says in the lawsuit that the pandemic created the situation that prevented it from meeting the deadline, the Tahoe Daily Tribune reported.

Cannabis is booming. New numbers from Nevada’s Cannabis Compliance Board and Department of Taxation show the marijuana industry had more than $1 billion in taxable sales in the last year.

What these figures really show is that it is a product everyone is becoming more and more comfortable with.

And these gains are for the history books.

“It existed in the shadows for so long—you’d probably have to talk to someone from the 20s and 30s when alcohol was finally legalized,” said David Goldwater, a managing partner at Inyo Fine Cannabis Dispensary.

 Marijuana and cannabis products generated more than a billion dollars in taxable sales in Nevada from July 1, 2020, to June 30 of this year, according to state agencies. The state collects 10% of taxable retail sales of cannabis products and 15% of wholesale cannabis sales.

That produced a combined $159 million for the Distributive School Account (DSA), according to a report from the Nevada Department of Taxation and the Nevada Cannabis Compliance Board.

Taxable sales grew by 46% over the previous fiscal year.

Clark County produced $791 million in taxable sales, contributing to a total state figure of $1,003,467,665.

A San Miguel County hemp researcher plans to invest $2 million to legally grow marijuana on his 13-acre farm.

“They don’t need to have prior cannabis (growing) experience,” Sedillo said. “We like the ability (to teach them). We are already interviewing individuals.”

Gov. Michelle Lujan Grisham earlier this year signed the Cannabis Regulation Act, legalizing the sale of recreational marijuana starting on April 1. According to a published report, on Sept. 1 nearly 400 companies started the process of applying for licenses, which must be issued by Jan. 1. 

 A flurry of laws passed by the Nevada Legislature earlier this year took effect on Friday – ushering in reforms that Democratic lawmakers who have majorities in both the state Senate and Assembly have long campaigned to implement.

Five years after the the state’s voters approved legalizing recreational cannabis in Nevada, business owners can now apply for licenses to establish on-site consumption lounges, where adults can smoke, dab or eat THC-laced edibles that they buy.