Nevada Gov. Joe Lombardo (R) last week signed an omnibus cannabis bill into law that more than doubles the state’s personal possession limit and removes other industry restrictions, according to a Marijuana Moment report.
The measure, sponsored by state Sen. Dallas Harris (D), immediately raises the purchasing and possession limit from one ounce of cannabis flower to two and a half ounces, and from an eighth of an ounce of cannabis concentrate to a quarter of an ounce.
The law also adjusts the state’s cannabis industry regulations as such:
- It removes the need for adult-use shops to hold a medical license in order to serve medical cannabis patients.
- It blocks the issuing of any further medical cannabis licenses starting January 1, 2024, except in regions where adult-use sales remain prohibited.
- It reduces cannabis licensing and renewal fees are to be reduced under the new law.
- It allows for past felons to receive cannabis industry licenses at the discretion of the Nevada Cannabis Compliance Board, so long as it first “determines that doing so would not pose a threat to the public health or safety or negatively impact the cannabis industry in this State,” the report said.
- It mandates the state Cannabis Advisory Commission investigate how removing cannabis from both the federal Controlled Substances Act and the Nevada Uniform Controlled Substances Act could affect the industry.
- Lastly, it requires officials to consider how future changes to the industry could affect the environment, and determine ways to mitigate or offset potentially harmful outcomes.
The Nevada cannabis industry recorded nearly $1 billion in retail sales for the fiscal year 2022.
Get daily cannabis business news updates. Subscribe
