cannabis Archives - Nevada Globe

SB277: A Mixed Bag Of Bipartisan Provisions For Cannabis Sales, Licensees, And Taxes

May 22, 2023 9:31 amMay 22, 2023 9:33 am

SB 277 is set to be heard again by the Senate this morning, before the Committee on Finance, in hopes that it will make its way to the Assembly prior to the conclusion of this session. The convergence of such a mixed bag of provisions doesn’t happen often and can...

There Is Nothing Fair About The Fair Market Value Of Cannabis

May 19, 2023 11:02 amMay 19, 2023 1:44 pm

When adult-use cannabis was legalized by Nevadans at the end of 2016, the Department of Taxation (DoT) took over as the governing body of its cannabis program, and instituted two new taxes that continue today under the Cannabis Compliance Board (CCB) – a 15% wholesale excise tax imposed upon cultivation...

NV Leg Kills Cannabis Compliance Board’s Attempt To Expand Power

May 15, 2023 3:53 pm

On May 9, we reported that SB 328 had successfully passed the Senate, and now awaits further discussion by the Assembly. As introduced by Senators Robin Titus and Rochelle Nguyen, SB 328 seeks to curb the authority of the Cannabis Compliance Board (CCB), by removing it from the list of...

Senator Rosen Urges Support For SAFE Banking Act

May 4, 2023 12:09 pm

On March 7, 2019, H.R. 1595, the Secure and Fair Enforcement (SAFE) Banking Act, was introduced for the first time into the House of Representatives. It was passed on September 25, and after being read twice into the Senate, it was referred to the Committee on Banking, Housing, and Urban...

Clark County Cannabis Sales Fund Illegal Aliens Awaiting Deportation

April 25, 2022 10:58 amApril 26, 2022 3:34 pm

In 2016, Nevadans voted to legalize cannabis for recreational and medicinal use with an understanding that the tax revenue would be directed towards funding our worst-in-the-nation public education system. In the first year, the revenue for marijuana sales tax of $69 million surpassed alcohol sales tax revenue. In his first...

Gov. Sisolak ‘damn proud’ of World’s Largest Marijuana Dispensary

March 18, 2022 7:24 amMarch 27, 2022 11:43 am

As Nevadans struggle to rebuild their businesses and lives post-pandemic, the Biden economy and Sisolak shutdowns have contributed to the highest inflation, gas prices, and worst-performing schools in the nation. To ease the pain, some Nevadans may turn to the marijuana dispensaries that are seemingly cropping up in every neighborhood...