Is Las Vegas the Next Pot Boom Town?

 A city that is world famous for its late night lifestyles, fine dining, lavish resorts, and for being the epicenter of legal gambling, Las Vegas, Nevada is finally forging ahead with its long overdue medical marijuana program. Although voters in Nevada approved medical marijuana in 2000, it has taken more than 15 years for the state and local cities to implement regulations to allow commercial cultivation and dispensaries. In the past year and a half, 60 licenses have been issued and more than a dozen grow facilities, processing centers and dispensaries have opened for business across Nevada, with several in the Las Vegas metropolitan area. Being a desert oasis nicknamed ‘Sin City’ for its rather liberal approaches to gambling and adult entertainment, Las Vegas is a fitting location for cannabis culture to thrive, and an obviously lucrative marketplace for an array of canna-business. Many industry insiders and analysists predict the Nevada marijuana market, post recreational legalization, could be worth upward of $100 million dollars per year.

One unique factor sets Nevada, and Las Vegas in particular, aside from any other medical marijuana market; the state provides reciprocity to qualified patients from ANY legal medical marijuana state, with CBD-only states as an exception. Patients from Colorado, Arizona, New Mexico, or any other state with a regulated medical marijuana program may show their patient registration card (or certificate) and a valid government-issued ID to dispensary staff, and be able to purchase legal flower, vaporizers, concentrates and/or edibles. While no dispensary is open on the strip because of zoning laws, there are a few stores nearby and a handful of others spread throughout the valley who are eager to provide Las Vegas’ 40 million + annual visitors with an alternative enjoyment and means of relaxation in a city that is otherwise quite busy and sometimes overwhelming. To date, no other state is offering reciprocity for non-resident medical marijuana patients.

 

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