Medical cannabis cards will now cost as low as $50 for Nevada patients, edible products will come in nontransparent, child-proof bundles and a 10 percent excise tax on sales of leisure weed approximated to generate $70 million will be designated for Nevada’s rainy day fund after 3 of 4 remaining marijuana costs gone by the Nevada Legislature were signed into law Monday by Gov. Brian Sandoval.
Senate Expenses 478 and 344 were tattooed by the governor Monday along with Assembly Bill 422. Only Assembly Costs 259 – which would have permitted those convicted of previous marijuana-related crimes including an equivalent or lesser amount of exactly what’s now legal to have that criminal offense vacated from their criminal records– was vetoed.
SB478 likewise requires a 15 percent wholesale tax on both medical and leisure cannabis, a move applauded by dispensary owners as cost-cutting, despite increasing existing wholesale tax on the medical plant.
The added tax allows a single-stream wholesale process from cultivation and production centers to marijuana dispensaries, said Armen Yemenidijian of Essence Marijuana Dispensary, and saves weed vendors from the included internal costs and logistical headaches of having to classify cannabis plants as either medical or recreational from the minute the seed is planted.
“Having one stock is extremely important,” Yemenidjian said. “It ‘d be very hard and troublesome to handle 2 various stocks.”
Yemenidjian also voiced support for SB344 and AB422, including that the legislation would help protect Nevada’s medical cannabis program while enabling its brand-new leisure weed market to grow.
“Patient focus is actually important for the industry,” he said. “And this legislation does that.”