As the Dutch capital moves to shake its image as the world’s weed headquarters, a new one — and one that’s far closer to home — could be in line to take its place.
With 25 million tourists visiting the city every year, Las Vegas, Nevada is poised to become the biggest marijuana-tourism destination in the world if the state legalizes recreational use in the coming years.
It’s no secret to industry entrepreneurs, either. As the state prepares to roll out legal storefronts, Clark County alone has received hundreds of applications for cultivation and retail outlets for medical marijuana. The county approved 100 grow centers, while approved dispensary applications stands at 18. The state’s law allows for 40 total in Southern Nevada, and at least one in each county, state-wide. Up until now, those seeking medical marijuana used one of the many delivery options that operate on the fringe of the law.
Nevada’s medical marijuana laws differ from most states’ in that they have a reciprocity rule — if an out-of-state medical marijuana patient comes to Nevada, they can use their home state certificate to obtain medicine.
Clark County holds arguably the most favorable tax system available to cannabis growers and sellers. The Clark County Commission, which regulates cultivation and dispensaries, is not interested in taxing the sale of marijuana for profit. Currently, there is an excise tax on medical marijuana. The Commission has also set up a business license fee, covering the cost of inspectors and program administration.
The approved potential outlets that become functioning businesses stand to serve a tremendous market beyond the immediate opportunity of serving medical patients. The state hosts a strong movement towards recreational legalization. With its biggest city doubling as the world’s party capital, Nevada presents a lucrative opportunity for savvy cannabis entrepreneurs.
For weed-lovers and Vegas …read more
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