Rec marijuana will go to 2016 ballot in Nevada

With the Nevada state legislature adjourning on Friday without taking action on a proposed recreational marijuana initiative, voters will now decide whether they want to legalize recreational marijuana in 2016.

Backers had previously collected nearly 200,000 signatures to either force legislators to enact their initiative or put it on the ballot. When the lawmakers abstained from voting on the issue, the measure was automatically forwarded to next year’s ballot for a popular vote.

Under the terms of the initiative, the state Department of Taxation would oversee rec businesses, including vendors, growers, manufacturers, wholesalers and testing labs. A 15% excise tax would be applied to wholesale transactions, while retail sales would be taxed at already-established state and local rates, according to Marijuana Policy Project.

Zoning may still be an issue for some if the measure passes, since local governments will maintain control over locations for cannabis companies.

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

 12 Comments

  1. reno cannabis card March 16, 2015
  2. JIMMY LIMO March 16, 2015
  3. Juan March 17, 2015
    • arbitrary k May 2, 2015
      • arbitrary k May 2, 2015
  4. Jay Matts March 19, 2015
  5. Jay Matts March 19, 2015
  6. frankii April 2, 2015
  7. Muttering Nye Co April 24, 2015
  8. arbitrary k May 2, 2015
  9. calicorock May 8, 2015
  10. Dale Anderson May 11, 2015

Leave a Reply

Your email address will not be published. Required fields are marked *

Please note: Comments are moderated by our editors who do their best to approve comments ASAP. As Marijuana Business Daily is focused on business, we approve comments that are specifically relevant to industry professionals. General opinions and questions about cannabis may not be posted.