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Nevada Begins Accepting Recreational Marijuana Business Applications

Las Vegas Cannabis Dispensary

Applications for Nevada recreational marijuana businesses are now being accepted. The deadline to apply for a license is May 31. Medical marijuana dispensaries will be permitted to starting selling by July 1.

Due to risk of the black market growing, Nevada lawmakers chose to allow recreational sales to start a bit early, Las Vegas Review-Journal reports. In Clark County, Las Vegas and North Las Vegas, those with approved licenses can start making recreational sales July 1. In Henderson, recreational sales will begin in February unless its moratorium is extended.

Only those with current medical marijuana businesses in good standing with the state may apply for a recreational marijuana business license. Distribution licenses will be available for liquor wholesalers as well as medical marijuana businesses.

Permanent licenses should be issued on January 1, 2018. The Department of Taxation has not completed creating the state’s permanent recreational marijuana rules yet.

The temporary license will cost a business a $5,000 application fee plus the fee designated for its business type.

Business fees are:

  • Recreational marijuana store – $20,000 fee
  • Cultivators – $30,000 fee
  • Production operations – $10,000 fee
  • Testing labs – $15,000 fee
  • Distributors – $15,000 fee