las vegas

Marijuana testing labs ready to start work

LAS VEGAS -- Marijuana testing labs are waiting to begin testing medical marijuana as soon as businesses get clearance from the state to grow it.

The state will require businesses to chemically test their products before hitting store shelves.

DB Labs is the first lab to open in Southern Nevada. They are waiting on a decision from the state before they begin receiving medical marijuana to test.

"They want to find out what the pesticide list is, so that they can therefore plant appropriately and we'll have to wait for those plants to be grown," said Susan Bunce, CEO of DB Labs.


For patients needing medical marijuana, sales of the product cannot come soon enough

LAS VEGAS (KSNV News3LV) – Southern Nevada has taken a big step to get medical marijuana to patients.

The first lab in Clark County is ready to start testing the quality of marijuana before it’s distributed to dispensaries where residents with medical marijuana cards can by the product.

But a major obstacle remains. There’s very little marijuana to test.

For patients like Raquel Wilson, the availability of medical marijuana cannot come too soon.

Wilson loves to dance and sing. She was as full of life as any teen.

A year ago, Wilson started feeling sick. A visit to a doctor led to a diagnosis: a Stage 4 cancerous brain tumor

“My mind tells me to be careful, because not everything is miraculous.” Wilson says.


Nevada lawmakers approve plan to reallocate 11 unclaimed medical marijuana licenses

CARSON CITY, Nevada — Nevada senators have approved a plan to reallocate medical marijuana licenses that were never claimed.

The Senate Finance Committee passed SB276 on Friday. The bill was presented by Democratic Sen. Tick Segerblom and Republican Sen. Patricia Farley.

The bill would reallocate 11 medical marijuana licenses that were designated for rural counties but never claimed, and offer eight of them to Clark County businesses. One license each would go to unincorporated Washoe County, Reno and Sparks.

Lawmakers approved regulations for the cultivation and sale of medical marijuana in 2013, although voters legalized medical pot in 2000.




Las Vegas bank backs off medical marijuana accounts

A Las Vegas bank that planned to offer accounts to medical marijuana businesses has backed off, citing the astronomical cost of complying with federal regulations.

First Security Bank of Nevada’s decision leaves some in the legal cannabis industry scrambling for a place to put their money just as they get ready to open for business. Most banks, including the nation’s largest, won’t open accounts for marijuana enterprises because the drug remains illegal under federal law.

“It’s very unfortunate,” said Jason Awad, First Security’s chairman and CEO.


First Security Bank Of Nevada Pulls Out Of Cannabis Banking

The Las Vegas community bank that last year announced it was open to banking Nevada’s budding medical marijuana industry has changed its mind, telling KNPR’s State of Nevada that compliance issues made it difficult to handle these businesses.

Jason Awad, chief executive officer of First Security Bank of Nevada, said the bank will be sending letters to its customers informing them of the bank’s decision. He told KNPR’s State of Nevada these were holding accounts used by dispensary owners while they were waiting to be licensed.

“We found after several months that the cost is so prohibitive and the burden so high that it is very difficult to do what we … really wanted to do,” Awad told KNPR.


Nevada lawmakers consider additional medical pot licenses

CARSON CITY, Nev. (AP) — Nevada senators want to increase the number of medical marijuana licenses allocated throughout the state.

Democratic Sen. Tick Segerblom and Republican Sen. Patricia Farley presented SB276 to the Senate Finance Committee on Tuesday.

The bill would raise the cap on medical marijuana dispensary licenses within the state, most of which are in Las Vegas and Reno. The measure would allow for 20 more licenses in Clark County, five more in Washoe County and an additional license in all other counties.

Proponents said it will give access to patients in underserved areas.

Opponents said Nevada should wait until dispensaries are up and running to see whether there's enough demand for more.


Mentor Capital CEO on MoneyShow Cannabis Expert Panels

Marijuana Named as Next Big High Growth Sector

SAN DIEGO--(BUSINESS WIRE)--Mentor Capital, Inc. (OTCQB: MNTR) reports that its CEO, Chet Billingsley, will be a guest speaker at two cannabis investment panels this Monday and Tuesday at the MoneyShow being held at Caesar’s Palace in Las Vegas. The May 11th panel is titled “Meet the Experts Behind Medical Marijuana: Your Top Investments in this Growing Industry for 2015” and is hosted by Matt McCall, founder of the Penn Financial Group. The Tuesday panel is hosted by Scott Greiper, the founder of Viridian Capital, and covers “Investing in the Next Big High Growth Sector” and will be webcast at 4:45 PM.


Why I Changed My Mind About Medicinal Cannabis | Hugh Hempel | TEDxUniversityofNevada

Hugh Hempel is a technology industry veteran turned health care entrepreneur. In this moving talk he discusses how medicinal cannabis has enriched the lives of his ailing 11 year-old daughters. This talk will challenge your views of medical marijuana. 

Hugh Hempel is a technology industry veteran turned healthcare entrepreneur. During his 30-year career in high technology, Hugh has held numerous senior management positions in many innovative and pioneering technology companies.


If Nevada legalizes weed, will the state steal Colorado’s pot tourism mojo?

If Nevada votes to legalize recreational marijuana in 2016 — which many on both sides of the legalization fence think is an inevitability — some industry experts foresee a legal cannabis economy that will feature 420-friendly poker rooms and on-strip hotel weed delivery services.

With Las Vegas leading the state’s pot tourism thrust — the city sees more than 40 million visitors annually — some in the cannabis industry wonder if Nevada will steal all of the marijuana tourist-oriented momentum from Colorado, Washington and other states.


Nevada says medical pot businesses may soon start operations

After spending months in limbo, waiting for the state to hash out rules for testing medical marijuana, laboratories might be able to get to work soon. That moves patients one step closer to the first legal sales in dispensaries.

A state health official said Tuesday that all the rules are in place for labs to start testing marijuana. But in a sign of how confusing the process has been, that news came as a surprise to a dispensary owner and a lab scientist, who both expected a longer wait for the state to finalize some rules.

“It’s been incredibly frustrating,” Cindy Orser, chief science officer of DigiPath Labs, said of the wait. “We were hoping to be operational at the end of January. Or February. Or March. Or April. And now it’s May.”


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