Nevada Medical Cannabis Business & Marijuana Legal News

Nevada rec marijuana program receives $870K in seed money

Bart Schaneman  | January 30, 2017

Nevada lawmakers approved a seed loan of about $871,000 to kick-start the state’s new recreational marijuana program under the department of taxation.

Nevada’s Interim Finance Committee, composed of lawmakers from both houses of the state legislature, extended the funding, the Reno Gazette-Journal reported.

The taxation department must iron out the details in the legislation …

Chart: Sales projections for states that legalized cannabis on Election Day vs. 2016 industry estimates

Eli McVey  | November 21, 2016

By Eli McVey

States that passed marijuana measures earlier this month eventually could generate more in annual retail MJ sales than the entire U.S. cannabis industry is expected to this year.

Though these new markets will take time to develop, they present tremendous opportunities for entrepreneurs looking to capitalize on the results of the election.

Week in Review: 5 business takeaways from the landmark election

Omar Sacirbey  | November 11, 2016

By Omar Sacirbey and Bart Schaneman

Now that voters in seven additional states have legalized recreational or medical marijuana, business leaders and political observers are bullish about the potential for industry growth.

They point to surge in opportunities for interstate expansion, increased investor interest in cannabis and greater innovation in technology and business strategies.

Election Updates: Live coverage of marijuana measures across the country

Chris Walsh  | November 8, 2016

Marijuana Business Daily provided live updates on cannabis ballot measures and related news on Election Day (all updates in Eastern time).

3:45 a.m. Wednesday (Montana): Montana’s measure to legalize medical marijuana businesses is poised to win comfortably, as the initiative has garnered 56% of the vote with more than 80% of precincts reporting.

The Big Picture: State-by-state marijuana ballot initiative update

John Schroyer  | November 2, 2016

By John Schroyer

This year could prove a historic turning point for the legal cannabis industry, with pro-cannabis ballot measures in front of voters in nine states Tuesday.

If some or most are approved, that could translate into untold business opportunities for cannabis entrepreneurs across the nation.

Rec MJ ballot measures ahead in three states, but by slim margins

John Schroyer  | October 27, 2016

According to three new polls released in cannabis battleground states, recreational marijuana legalization is ahead going into the final days of the 2016 campaign – but not by much.

In Arizona, support for a recreational cannabis legalization measure is at 50%, while about 43% of voters oppose the initiative and 8% haven’t made up their …

How the marijuana industry can keep its magic: Interview with Penn Jillette

Bart Schaneman  | October 20, 2016

By Bart Schaneman

Penn Jillette is perhaps best known for the popular magic shows he’s been performing in Las Vegas with sidekick Teller for more than 20 years.

But he’s also become a household name for his strong opinions, including a long-held belief that marijuana should be legal.