Nevada to accept rec distribution bids from MMJ license holders

Nevada’s Department of Taxation hasn’t received enough interest for the state’s new adult-use marijuana market from liquor wholesalers, so it’s opening the distribution business to existing medical cannabis license holders.

The department will soon begin accepting distribution applications from medical cannabis businesses, according to the Las Vegas Review-Journal, a move that will give MMJ businesses another avenue into the upcoming recreational market.

MMJ license holders also will get the first crack at retail licenses.

With recreational cannabis sales slated to begin July 1, the state couldn’t afford to wait until the liquor industry warms up to marijuana.

When Nevada voted to legalize marijuana in November, the ballot measure gave preference to liquor wholesalers for the marijuana distribution licenses, effectively making them the go-betweens for cultivators, processors and retailers.

However, according to the Las Vegas Review-Journal, no liquor wholesaler has come forward with a concrete plan.

MMJ license holders who want to apply must go through a background check, work with local governments on zoning issues and prove compliance with marijuana laws for the past several years.

According to the Las Vegas Review-Journal, the taxation department plans to begin accepting applications in May or June, after the state implements temporary regulations.

Daily News | Briefs | Dispensary/Retail Store Business News | Legal & Regulatory News for Marijuana Businesses | Nevada Medical Cannabis Business & Marijuana Legal News

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