Nevada lawmakers have given final approval to a regulatory structure to tax the cultivation and sale of recreational marijuana when the industry is up and running.
Senate Bill 487 – which the governor is expected to sign into law – levies a 10% tax on retail sales and 15% tax on marijuana growers. The tax also would apply to cannabis grown and sold for medical use. Medical marijuana currently is taxed at 2%.
The Nevada Assembly also gave final approval Monday to a bill designed to help keep marijuana out of the hands of children.
Specifically, SB344 would:
- Prohibit the use of cartoon characters, mascots or action figures to market marijuana.
- Forbid the use of animals or fruits in labeling.
- Require that products not appear to be candy, lollipops or ice cream.
- Demand that labels include the warnings “This is a marijuana product” and “Keep out of the reach of children.”
- Mandate disclosure of the potency of the product and a warning that the intoxicating effects may be delayed two hours after consumption.
– Associated Press