Nevada Medical Cannabis Business & Marijuana Legal News

Nevada unveils bill to regulate cannabis under five-person board

Nevada would transfer the regulation of cannabis businesses from the state’s taxation department to a governor-appointed, five-member board under a bill filed in the Legislature. The measure was introduced on behalf of the office of Gov. Steve Sisolak, a Democrat, who said in January he wanted to create a marijuana regulatory system modeled after the […]

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Cannabis firm Indus acquires multistate concentrate, vaporizer brand for $20M

California marijuana supplier Indus Holdings expanded its operations to Nevada and Oregon by signing an agreement to acquire the assets of W The Brand, a manufacturer and distributor of marijuana concentrates, cartridges and disposable pens, for $20 million in stock and cash. Here’s what you need to know: Salinas-based Indus will gain a 24,000-square-foot cultivation […]

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Nevada marijuana companies push for state to redo license selection process

Some cannabis businesses that lost out when Nevada awarded 61 new dispensary licenses last December are ratcheting up pressure in court for the state to redo the selection process. A filing this week in a lawsuit brought by Las Vegas cannabis retailers Planet 13 and The Dispensary accuses state tax officials of improperly having temporary […]

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Curaleaf’s $1B buy, cannabis brews, social use progress & more of the week’s top news

Curaleaf is buying Cura Partners for close to $1 billion, Canada’s largest independent brewery takes the cannabis plunge, Colorado and Las Vegas join the social use bandwagon – plus other important news from around the marijuana industry. Billion-dollar baby Massachusetts-based cannabis group Curaleaf is acquiring Cura Partners for 1.27 billion Canadian dollars ($949 million) in […]

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Las Vegas City Council signs off on rules for cannabis social use venues

The Las Vegas City Council voted 4-1 Wednesday to create a new business license and land-use regulations for marijuana social use venues, a move that could open new business opportunities for entrepreneurs and increase revenue for licensed cannabis retailers. In the program’s first 12 months, only existing owners of marijuana retail licenses can apply for […]

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Marijuana Business This Week: Honing IL legalization language, taking reservations in Massachusetts, hempseeds enter space & more

Here are some notable stories and events to watch for in the coming days: LEARNING THE LANGUAGE: Substantial language to incorporate into a bill legalizing adult-use marijuana in Illinois could come as early as Tuesday, according to one of its key proponents. In early April, an Illinois Senate panel advanced a placeholder legalization bill that […]

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MJardin to add marijuana extraction in Nevada with acquisition

Denver-based MJardin Group agreed to buy Carson City Agency Solutions, which does business as Cannabella, an operator of a cannabis extraction facility and producer of edibles and topicals in Carson City, Nevada. Terms of the deal were not released. With the acquisition, MJardin will add extraction capabilities to its existing cultivation operations in Nevada. To […]

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Acreage to buy Nevada cannabis company Deep Roots for $120 million

On the same day it announced it was being acquired by Canada’s Canopy Growth in a groundbreaking deal, New York-based marijuana firm Acreage Holdings unveiled it is buying Deep Roots, a vertically integrated cannabis company based in Nevada. The $120 million deal was secured through Acreage subsidiary High Street Capital Partners. Once all its current […]

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Nevada sued over lack of transparency in adult-use cannabis licensing

A group of marijuana businesses in Nevada has sued the state, alleging a recent recreational marijuana licensing round wasn’t transparent and was “ripe for corruption.” Six suits now have been filed since the state issued 61 provisional licenses in December without disclosing the names of the license winners or the scoring criteria, according to the […]

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