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:
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…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.
