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New Cannabis Law Takes Effect In Nevada

AB533 transfers most responsibility of marijuana regulation

Laws implementing a wide range of criminal justice reforms, establishing a state board responsible for regulating marijuana and creating a payday loan database finally take effect Wednesday, more than a year after the 2019 legislative session ended.

AB533: Cannabis Compliance Board

This new law transfers most of the responsibilities of marijuana regulation starting Wednesday to a new, five-person Cannabis Compliance Board, modeled off of the Gaming Control Board. The board will now be responsible for the law enforcement, regulation and compliance duties that previously fell under the Department of Taxation. 

Members of the board are not allowed to have a financial interest in the marijuana industry but can consult with an advisory board that can include industry members. The board is expected to approve regulations later this month that enshrine changes how the board will regulate marijuana differently than the tax agency, including increasing penalties for certain violations and simplifying the license renewal process.

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