Nevada Medical Cannabis Business & Marijuana Legal News

Cannex buys US marijuana firm Jetty Extracts for up to $30 million

Vancouver, Canada-based Cannex agreed to purchase California infused products company Jetty Extracts in a deal worth up to $30 million, becoming the latest marijuana-related acquisition in the United States with such a price tag. In late March, Las Vegas-based GB Sciences signed a letter of intent to purchase NevadaPure’s Las Vegas operation for $33 million. NevadaPure […]

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US marijuana retail chain MedMen to partner with Canadian producer Cronos

Two major cannabis companies – Los Angeles-based MedMen and Ontario-based Cronos Group – have announced a joint venture to bring MedMen’s retail expertise to Canada. According to a news release, the collaboration will result in the formation of MedMen Canada. MedMen currently has operations in California, Nevada and New York; Cronos has concerns throughout Canada […]

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Nevada’s marijuana supply holds steady, with wholesale prices higher than other rec markets

Nevada’s recreational marijuana supplies are plentiful but not overly abundant, keeping wholesale cannabis prices on the high side compared to other adult-use markets. Business owners in the Silver State don’t expect wholesale prices to remain steep for much longer, however. Growers are continuing to build out their cultivation facilities and improve their growing methods, pumping […]

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Nevada CBD company buys California firm for $2.2M to expand into topicals, edibles

Nevada CBD manufacturer Leafceuticals is expanding into topicals and edibles with the $2.2 million acquisition of California’s Irie CBD products. The acquisition gives Leafceuticals a processing plant in Oakland, California, for expanding its CBD line. The agreement calls for Leafceuticals – a subsidiary of Las Vegas-based Freedom Leaf – to pay $400,000 cash and $1.8 […]

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Las Vegas delays action on marijuana consumption lounges until 2019

Las Vegas officials are waiting until 2019 before deciding whether to allow public cannabis consumption in venues such as lounges. According to the Las Vegas Sun, the Clark County Commission and Las Vegas City Council have said they’ll continue to “take a wait-and-see approach,” though this is the first time they’ve offered any kind of timeline. […]

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Nevada gaming panel: Casinos should stay out of cannabis business

It looks as if MJBizCon won’t have to relocate its long-running November show. A Nevada gambling commission unanimously recommended Monday that a strict wall be maintained between casinos and the cannabis industry. However, the group also said it should remain permissible for gaming licensees to host marijuana industry business conferences. “The gaming industry and the […]

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Nevada signs off on regulations for recreational marijuana businesses

Nevada lawmakers have green-lighted permanent rules for the state’s adult-use cannabis industry. The state’s Legislative Commission voted unanimously to approve the 258-page regulations without formal debate. Nevada began recreational cannabis sales under emergency rules in July 2017 after voters approved adult-use marijuana sales in 2016. According to The Nevada Independent, producers without retail licenses were some […]

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Job growth in marijuana industry is skyrocketing

The total number of job postings for the U.S. cannabis industry increased by 445% in 2017, a study by job search website ZipRecruiter shows. The online job platform noted the spike is dramatically higher than the 18% increase in cannabis-related job postings in 2016, according to Business Insider. ZipRecruiter’s chief economist, Cathy Barrera, said the […]

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