Just over two years after filling out tens of thousands of sheets of paperwork for their medical marijuana licenses, Nevada weed entrepreneurs didn’t have it as bad this time around, according to lawyers in the new recreational industry.
While first-time marijuana business owners scrambled to meet state demands for obtaining their licenses back in 2015 — which included long applications, large amounts of cash, hiring and security — the process of entering the recreational business has been a matter of “fine-tuning,” as more experienced license-holders are now looking more for clarification on individual regulations in 2017.
“The questions are more specific. Before it was, ‘How do we do this, how do we operate?’?” said Las Vegas attorney Riana Durrett, who serves as executive director of the Nevada Dispensary Association. “Now, the owners are very familiar with the laws, and it’s specific questions and fine-tuning.”
Durrett, who earned both her undergraduate and graduate degrees from the University of Nevada, Las Vegas, is one of several practicing attorneys in the valley working to help business operators understand Nevada’s new recreational marijuana laws. Those laws allow adults 21 and older to use and possess up to 1 ounce of marijuana flower or 1/8 ounce of the THC equivalent of concentrates, such as shatter, wax and carbon dioxide oil.
This year, the Legislature and the Nevada Department of Taxation cleared the way for “early start” sales of the plant to begin July 1.
The turnaround of less than nine months from the time the ballot question passed to the kickoff of recreational sales made Nevada the first of four states that legalized adult-use weed in last year’s election to have its new industry up and running. That timeline resulted in a flurry of questions for lawyers — regarding both business and criminal