Nevada Medical Cannabis Business & Marijuana Legal News

Who’s who at the top of Nevada’s marijuana companies

Nevada’s top cannabis companies are led by an eclectic mix that includes people with political ties, real estate developers and out-of-state companies, among others. Those are some of the findings of a Reno Gazette Journal analysis of a list of marijuana company executives released by the state. Other big-name cannabis executives in Nevada include: Lori Rogrich, […]

Read More

Chart: Sales of cannabis products spiked over Mother’s Day, Father’s Day weekends

Retail data reveals sales spikes in several marijuana categories over Mother’s Day and Father’s Day weekends, highlighting differences in gender-based cannabis gift-giving in states that have legalized adult use. Data from Seattle-based analytics firm Headset shows that sales increased 35% to 80% in several product segments over Father’s Day and Mother’s Day weekends in California, […]

Read More

Week in Review: MJBizConNEXT in New Orleans, OR preps for future interstate MJ potentials, NV cannabis board & more

The cannabis industry descends on New Orleans to explore emerging trends at MJBizConNEXT, Oregon lawmakers pass a bill that would empower it to make agreements with other states for the transfer of marijuana, Nevada creates a cannabis control board and says no to social use licensing for now – plus other important news from around the industry. […]

Read More

Nevada creates marijuana board & bans social use licensing for two years

Nevada Gov. Steve Sisolak signed Assembly Bill 533 into law, which creates a Cannabis Compliance Board and also prohibits local governments in the state from licensing marijuana social consumption businesses. The social use provision expires July 1, 2021, which would leave the state without such venues for up to two years. The Cannabis Compliance Board was one […]

Read More

Nevada’s top prosecutor won’t promise hands-off treatment of cannabis industry

Nevada’s top federal prosecutor is making things a little more uncertain for the fast-growing cannabis industry in the state, saying that he isn’t ruling out the possibility of prosecuting marijuana businesses – but it’s not at the top of his list. U.S. Attorney Nicholas Trutanich told the Reno Gazette Journal he believes drug use and […]

Read More

Terra Tech pays $6.3 million to settle Nevada marijuana claim

Terra Tech, a California-based cannabis operator, agreed to pay $6.3 million to settle a lawsuit that alleged the company siphoned money from a Nevada dispensary for its other ventures. The February settlement, reported Thursday by the Reno Gazette Journal, stemmed from a lawsuit filed last year by Heidi Loeb Hegerich, a businesswoman who co-owned the […]

Read More

Marijuana firm Planet 13 signals entry into CA with $10M dispensary purchase

Plant 13, the Nevada cannabis company that operates what it calls the world’s largest dispensary, is entering the California market with a $10 million acquisition of a dispensary license and lease in the Orange County town of Santa Ana. The company will pay Newtonian Principles a combination of $6 million in cash and $4 million […]

Read More

Nevada is poised to create cannabis compliance board

Nevada legislators passed a bill to create a board that will oversee the state’s legal marijuana industry. The Cannabis Compliance Board will be tasked with establishing requirements for marijuana delivery services and studying MJ consumption lounges. Here’s what you need to know: The board would be barred from legalizing and licensing lounges. The bill prohibits a […]

Read More

Marijuana retailer Planet 13 reports Q1 revenue of $13.8 million

Planet 13, a Nevada-based company that runs what is said to be the largest cannabis entertainment center in the world, reported first-quarter revenue of $13.8 million, compared with $3.6 million in the same period a year ago. Net loss for the firm, which owns a 112,000-square-foot superstore in Las Vegas, totaled $1.15 million, compared with […]

Read More

Hearing begins for Nevada marijuana businesses claiming state licensing bias

Attorneys for dozens of Nevada marijuana businesses began a multiday hearing before a judge they’re asking to temporarily freeze new dispensary licenses in the state’s booming recreational cannabis market. MJ firms that lost bids for new licenses in December are challenging the criteria and personnel the state used to score the 462 applications for 61 […]

Read More