Nevada has taken a giant leap forward in the new year
A slew of changes to the Nevada cannabis industry, from possession limits to potency and licensing, went into effect Monday.
Under the new rules, the result of a bill signed into law last June, dispensaries serving both recreational and medicinal cannabis will require only a single license, instead of separate licenses for each side of the market.
The law also restricts the issuance or renewal of medical cannabis licenses, with exceptions only in areas that do not permit adult-use facilities. Additionally, medical cannabis consumers are exempt from the state excise tax at recreational retail outlets.
Retailers were also given more flexibility to operate with more than one entrance, and recreational consumers can get access to medical-grade marijuana products, a move that streamlines product availability across different consumer bases.
In addition, the measure raised the legal possession limit for cannabis from one ounce to 2.5 ounces. The legal limit for cannabis concentrates was raised from one-eighth of an ounce to one-quarter of an ounce.
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