Nevada is considered a leader in how it regulates the gaming industry. Gov. Steve Sisolak wants to build a similar reputation for how it manages marijuana businesses.
Sisolak today signed an executive order to establish a seven-person marijuana advisory panel to formulate guidelines for a proposed Cannabis Compliance Board the Legislature will consider during the upcoming session.
“Nevada’s gaming industry is seen as the international gold standard and there is no reason we cannot take steps to ensure our marijuana industry is viewed the same way,” Sisolak said in a statement.
“Today’s executive order is the first step in making sure we allow Nevada’s thriving marijuana industry to not just continue to grow but to represent the best in the country,” he said.
The panel will consider banking solutions for dispensaries, which are cash-only businesses because marijuana is still illegal federally.
It will also look at the Department of Taxation’s regulatory structure and licensing procedures, as well as potential consumption lounges.
The lounges have been proposed in the Las Vegas area to give visitors a place to legally use cannabis. Under current laws, marijuana can only be consumed at private residences.