Plans move forward for Nevada recreational marijuana regs
A $887,491 loan to implement the voter-approved recreational marijuana law was approved by the state.
On a 2-1 vote, the Board of Examiners on Tuesday approved $887,491 to enable the Department of Taxation to move forward on regulations to implement the new law.
Deputy Taxation Director Rick Gimlin said without that money up front, the department wouldn’t be able to meet the statutory mandate that they get the program up and running by the end of this year.
“If this request is not approved, we really do not have the resources to meet the timeline of this program,” he told the board consisting of Gov. Brian Sandoval, Attorney General Adam Laxalt and Secretary of State Barbara Cegavske.
That includes regulations governing licensing of dispensaries, cultivators, test labs and distributors as well as the system for tracking and collecting tax revenues.
Gimlin said the funding from the Interim Finance Contingency Fund...
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