Nevadas Regulations Will Borrow Heavily From The States Medical Marijuana Rules And Colorados Recreational Marijuana Rules, Contine Said.

Regulators at the state Department of Taxation have been crafting rules and deadlines Medical marijuana to govern recreational marijuana since Nevada voters legalized it for adults 21 and older in November. Executive Director Deonne Contine told a panel of state lawmakers that she expects to publicize a draft of those regulations in March and begin accepting applications for temporary licenses to sell recreational pot in May well in advance of the states Jan. 1, 2018, deadline. Temporary licenses will be open only to medical marijuana shops in good standing with the state. Contine said shes aiming to green-light those businesses to sell to the public by July 1. Based on Contines tentative timeline, any entrepreneur could apply for a license to sell recreational marijuana in Nevada as soon as October 2018. The latest that could happen is July 2019. Nevadas regulations will borrow heavily from the states medical marijuana rules and Colorados recreational marijuana rules, Contine said. Theyll include a formula to set the wholesale price of pot, which will determine how much the state collects under a voter-approved 15 percent excise tax. They regulations also define who can transport marijuana and how. While tax regulators work on those rules, an official who oversees the states medical marijuana industry, Joe Pollock, is growing concerned of how commercial pot will affect the drug landscape in Nevada.

To read more visit http://www.nevadaappeal.com/news/government/nevada-official-eyes-summer-launch-of-recreational-marijuana/

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