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Board disqualifies six Southern Nevada cannabis consumption lounge applicants

Six applicants seeking cannabis consumption lounge licenses under a category reserved for individuals convicted of crimes when marijuana was illegal were disqualified from the process.

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As Congress moves forward on cannabis banking, NV industry cautiously optimistic

The SAFER Banking Act, a new version of the SAFE Banking Act that passed the House seven times since 2019 but was never passed by the Senate, was again introduced in the Senate this year. The bill would allow legally operating cannabis businesses the same access to financial institutions that other legal businesses receive, from accounts to lines of credit to loans.

Indy Explains: What is the status of cannabis rescheduling in Nevada?

A committee was mandated to study federal and state laws and regulations concerning the removal of cannabis from Schedule I through SB277, which was passed in the 2023 legislative session. They are required to have a report ready for the Legislature by March 2024 that includes their research findings and policy recommendations.

Planet 13 Cannabis Dispensary located near the Las Vegas Strip is seen Friday, Dec. 6, 2019. (Jeff Scheid/Nevada Independent).

Cannabis regulators award the first three conditional consumption lounge licenses 

The Cannabis Compliance Board (CCB) approved Thrive Cannabis Marketplace, a multilocation, large-scale cannabis operator, for a conditional consumption lounge license for its Sammy Davis Jr. Drive location near Sapphire Gentlemen’s Club in Clark County. The nearby Planet 13 Dispensary was also approved for licensing at the public meeting, as was Washoe County’s The Venue at Sol Cannabis. 

Cannabis companies seek advance notice before state charges them for costly investigations

With an amendment, SB195 also seeks to require the CCB to provide estimates for the costs of investigations prior to the commencement of any investigation, remove the CCB’s authority to deny a license, transfer of interest, application, renewal or any regulatory process available to licensees for failure to pay fees, and introduce an appellate process for licensees.

Cannabis companies trying to limit penalties, fees charged by state regulators

Layke Martin, executive director of the Nevada Cannabis Association, presented SB195 to the Senate Commerce and Labor Committee on Wednesday, a bill that also would place a 30-day limit on the number of days that the Cannabis Compliance Board (CCB) has to approve a plan of correction or else it would be automatically deemed approved.

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