Nevada Law to Disclose Dispensary Licensees and How Bids are Ranked – Weedmaps News


Nevada’s governor recently signed a law opening the books on those awarded lucrative licenses to sell recreational marijuana in the state, prompting the state tax department to reveal that just 16 applicants won all 61 new marijuana dispensary licenses awarded last year.

Democratic Gov. Steve Sisolak signed the measure May 10, 2019, in Carson City, the capital, saying it ushers in a “new era of transparency that will benefit the industry and the public alike.”

The new law makes public the identity of marijuana license applicants and the method the state uses to score and rank bids.

The new law makes public the identity of marijuana license applicants and the method the state uses to score and rank bids.

The licensing process has faced complaints from companies that said it is not clear what criteria officials used to award licenses. In lawsuits, the companies accuse the state of unconstitutionally picking winners and losers for the marijuana licenses.

Sisolak declined to comment May 10, 2019, on specifics of the pending litigation, but said his administration has a policy of transparency, which will instill more public confidence in the process.

“This new law represents an unprecedented release of marijuana licensing information,” he said.

Sixty-one dispensaries in Nevada reported almost $425 million in recreational marijuana sales in the year after marijuana retail began in July 2017. Medical marijuana sales brought in another $105 million.

There are currently 65 marijuana stores statewide, and medical and recreational weed sales totaled $884 million in the last six months of 2018.

The law Sisolak signed easily cleared the Legislature after the state Department of Taxation offered a transparency amendment.

State lawmakers also are considering other measures that would affect the state’s marijuana industry.

One law would create a pilot “closed-loop” payment system to give cannabis

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