An omnibus marijuana bill in Nevada awaiting the signature of Republican Gov. Joe Lombardo holds numerous benefits for industry operators, including expanding the retail market and lowering fees.
Senate Bill 277, approved by the Democratic-led Legislature, would usher in several significant regulatory changes, including:
The creation of a dual license for medical and recreational retailers, allowing them to serve any type of customer. Increasing the purchasing limits of flower from 1 ounce to 2.5 ounces. Increasing the purchasing limits of cannabis concentrates from an eighth of an ounce to a quarter of an ounce.
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Consumers will be provided more retail access as well, a position long supported by the industry in nearly every legal U.S. market.
According to the 2023 MJBiz Factbook, Nevada is home to roughly 100 cannabis retailers, with two-thirds of them currently co-located and, thus, allowed to serve both adult-use
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