The New Business of Medical Marijuana in Nevada

Nevada Business Today. SB 374 requires thorough and detailed regulation of those entering into the medical marijuana industry, with the goal of attracting “serious, business-minded individuals” and business people to the state. From the article:

  • …SB 374 requires thorough background checks and a sizeable investments in the business venture. Each application, which will be available through the Nevada Division of Health, must be accompanied by a one-time non-refundable fee of $5,000. For those who secure certificates to operate the MMEs, the initial fees range from $30,000 for a dispensary to $3,000 for a production facility for marijuana-infused and edible products. Annual renewal fees range from $1,000 to $5,000.Successful applicants will demonstrate control of at least $250,000 in liquid assets to cover initial operating and compliance-related expenses.
Read the full article at here. Senator Hutchison’s website may be found here.]]>