Nevada Regulators Award State’s First Marijuana Consumption Lounge Licenses In Lottery Drawings

Nevada Regulators Award State’s First Marijuana Consumption Lounge Licenses In Lottery Drawings
MJ moment

Nevada marijuana regulators have officially selected the first 20 independent cannabis consumption lounge licensees, half of which are going to social equity applicants, in lottery drawings on Wednesday. The state Cannabis Compliance Board (CCB) announced the lotteries last week, saying it would be holding “two drawings via a random number selector.” Regulators say they expect the first lounges to open in the “first half of 2023.” CCB said earlier this month that they received about 100 applications for the new license type during a 10-day application window in October. The random number selection event will begin at 2 p.m. Watch live, here: https://t.co/WzRYVzLzRp https://t.co/JhLoxsAi0Y — Nevada Cannabis Compliance Board (@NevadaCCB) November 30, 2022 At Wednesday’s event, regulators used random number selector software to pick the winning applicants. Corresponding application numbers were publicly displayed on a livestream, and officials plan to post the names of the chosen businesses online within a day. These developments come more than a year after Gov. Steve Sisolak (D) signed a bill from Assemblyman Steve Yeager (D) legalizing consumption lounges. Current retailers are able to apply for a separate license category to build lounges into their existing operations, and they are not subject to a competitive selection process. The lotteries were for independent lounge licenses for businesses that sought to enter into a contract with a retailer to purchase and prepare ready-to-consume marijuana products for resale at brand new facilities. CCB approved regulations for marijuana lounges over the summer. The law could also allow businesses that couple cannabis with yoga, serve infused food, offer THC-aided massage therapy or incorporate marijuana in other ways.

The governor touted Nevada’s lounge law in a 4/20 op-ed for Marijuana Moment this year, writing: “The idea isn’t new, but no one is doing it like we are in Nevada.” “While most of the consumption lounges in other states…

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Source : Nevada Regulators Award State’s First Marijuana Consumption Lounge Licenses In Lottery Drawings

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