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Home»Business & Industry»Nevada Gov. Signs Bill to Increase Cannabis Possession Limits & Reduce Industry Restrictions
Business & Industry

Nevada Gov. Signs Bill to Increase Cannabis Possession Limits & Reduce Industry Restrictions

June 20, 2023No Comments2 Mins Read
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Nevada Gov. Signs Bill to Increase Cannabis Possession Limits & Reduce Industry Restrictions
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Nevada Gov. Joe Lombardo (R) final week signed an omnibus hashish invoice into legislation that greater than doubles the state’s private possession restrict and removes different business restrictions, in accordance with a Marijuana Moment report.

The measure, sponsored by state Sen. Dallas Harris (D), instantly raises the buying and possession restrict from one ounce of hashish flower to 2 and a half ounces, and from an eighth of an oz of hashish focus to 1 / 4 of an oz.

The legislation additionally adjusts the state’s hashish business laws as such:

  • It removes the necessity for adult-use outlets to carry a medical license so as to serve medical hashish sufferers.
  • It blocks the issuing of any additional medical hashish licenses beginning January 1, 2024, besides in areas the place adult-use gross sales stay prohibited.
  • It reduces hashish licensing and renewal charges are to be lowered underneath the brand new legislation.
  • It permits for previous felons to obtain hashish business licenses on the discretion of the Nevada Hashish Compliance Board, as long as it first “determines that doing so wouldn’t pose a risk to the general public well being or security or negatively affect the hashish business on this State,” the report mentioned.
  • It mandates the state Hashish Advisory Fee examine how eradicating hashish from each the federal Managed Substances Act and the Nevada Uniform Managed Substances Act may have an effect on the business.
  • Lastly, it requires officers to contemplate how future adjustments to the business may have an effect on the surroundings, and decide methods to mitigate or offset doubtlessly dangerous outcomes.

The Nevada hashish business recorded almost $1 billion in retail gross sales for the fiscal 12 months 2022.

Get day by day hashish enterprise information updates. Subscribe

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