{"id":20671,"date":"2022-10-24T00:47:00","date_gmt":"2022-10-24T00:47:00","guid":{"rendered":"https:\/\/www.planet13lasvegas.com\/?p=20671"},"modified":"2022-10-24T00:47:00","modified_gmt":"2022-10-24T00:47:00","slug":"las-vegas-cannabis-2022-overview","status":"publish","type":"post","link":"https:\/\/planet13.com\/dispensary-las-vegas-nv\/news\/las-vegas-cannabis-2022-overview\/","title":{"rendered":"Las Vegas Cannabis 2022 Overview"},"content":{"rendered":"\n<p>There is no doubt the cannabis business has been booming in Nevada since its legalization. Statista reveals that the total legal sales in the state grew by&nbsp;<a href=\"https:\/\/www.statista.com\/statistics\/1076957\/total-cannabis-sales-in-nevada\/\">30% from 2018 to 2021<\/a>. In 2021 alone, the total sales hit a whopping <strong>$1 billion<\/strong> thanks to surging demand from both medical <strong>and<\/strong> recreational use markets. Las Vegas provides <strong>the most opportunities<\/strong> for the cannabis market in Nevada, thanks to favorable regulations and the ever-growing tourism industry that already attracts <strong>millions of out-of-state users<\/strong>.&nbsp;<\/p>\n\n\n\n<p>This quick overview provides all the information you need about the Las Vegas cannabis industry in the year 2022.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Is cannabis legal in Las Vegas?<\/strong><\/h2>\n\n\n\n<p>Absolutely! Nevada is one of few states (currently) that has licensed both medical <strong>and<\/strong> recreational dispensaries servicing different categories of consumers. In 2000, Nevada first voted to legalize <strong>medicinal<\/strong> cannabis. Then in 2016, the state voted to legalize adult-use cannabis, with the first adult dispensary opening in <strong>mid-2017<\/strong>. Today, <strong>anyone who is at least 21 or older<\/strong> can legally purchase cannabis in Las Vegas, regardless of medical status. The following are just a few things to remember about Nevada cannabis laws:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Adults aged 21 or older can possess up to one ounce of cannabis flower or up to <strong>3.5 grams of concentrates<\/strong>. Possession of cannabis greater than the allowed quantities are subject to criminal penalties.<\/li>\n\n\n\n<li>Adults can cultivate up to <strong>six cannabis plants<\/strong> at one time. You can possess <strong>all<\/strong> the harvests from these plants.<\/li>\n\n\n\n<li><strong>Public<\/strong> use and display of any kind of cannabis products are <strong>prohibited<\/strong>. The public&#8217;s possession or use of cannabis attracts up to <strong>$600<\/strong> in fines.<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>The economic impact of cannabis&nbsp;<\/strong><\/h2>\n\n\n\n<p>There is not a single doubt cannabis has <strong>positively impacted<\/strong> the local economy in Southern Nevada, but Las Vegas especially. A recent report from <a href=\"https:\/\/rcgecon.com\/\">RCG Economics<\/a> predicts that legalized cannabis sales will pump <a href=\"https:\/\/thenevadaindependent.com\/article\/new-projections-say-marijuanas-economic-impact-in-nevada-will-be-bigger-than-previously-thought\">$8 billion<\/a>&nbsp;in direct, indirect, <strong>and<\/strong> induced economic benefits from <strong>2018 through 2024<\/strong>. The following are the other notable statistics and projections:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Employment<\/strong>: Companies in the cannabis industry employ <strong>thousands<\/strong> of people in traditional positions such as sales, finance, marketing, distribution, and much more. Experts projects cannabis industry will employ over 10,000 people just by 2024.<\/li>\n\n\n\n<li><strong>Taxes<\/strong>: In 2019, <strong>taxes<\/strong> collected from Nevada recreational cannabis sales neared <strong>$100 million<\/strong>. Nevada is projected to collect more than <strong>$1 billion<\/strong> in cannabis taxes by 2024.<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Who can grow cannabis in Las Vegas?<\/strong><\/h2>\n\n\n\n<p>An exciting element of the Las Vegas cannabis market is the <strong>home cultivation model<\/strong>. This model allows for any adults of legal consumption age to grow cannabis in their own home if they live more than <strong>25 miles<\/strong> from a dispensary. Nevada enacted these rules to make it easy for people in <strong>rural areas<\/strong> to properly access and enjoy their supply of cannabis.&nbsp;<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>The role of tourism in the Las Vegas cannabis market in 2022<\/strong><\/h2>\n\n\n\n<p>The thriving tourism industry in Las Vegas has not only expanded, but help <strong>explode<\/strong> the market for cannabis in the city. Favorable adult use market regulations attract millions of out-of-state visitors <strong>each year<\/strong>, dramatically influencing cannabis sales. In 2019 alone, the city received <strong>over 42 million visitors<\/strong> who contributed upwards of&nbsp;<a href=\"https:\/\/www.lvcva.com\/research\/visitor-statistics\/\">10 billion US dollars<\/a>&nbsp;into the local economy. A big portion of these billions directly benefits <strong>adult use establishments<\/strong> in the city.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Obtaining a cannabis business license in Las Vegas<\/strong><\/h2>\n\n\n\n<p>Getting your cannabis <strong>business license<\/strong> in Las Vegas, however, is not quite as exciting. Unlike other adult-use states like Colorado, Nevada has imposed a <strong>cap<\/strong> on the <a href=\"https:\/\/ccb.nv.gov\/laws-regulations\/\">number of licenses<\/a> available in the state, making it a bit more challenging to enter the lucrative cannabis market. The following are a few things to note about cannabis business license in Las Vegas:<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Licensing requirements<\/strong><\/h3>\n\n\n\n<p>Business license applications from medical and adult use facilities <strong>will only be accepted with proof of a state license<\/strong> from the <a href=\"https:\/\/ccb.nv.gov\/\">Cannabis Compliance Board (CCB)<\/a> and a valid Special Use Permit from the City Planning Department. If you are a cannabis production or cultivation establishment supplying a city-based cannabis establishment, you must get a business license approval from the relevant <strong>city council board<\/strong>. Additionally, anyone wishing to open a cannabis establishment should demonstrate the following:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Provide proof you control <strong>$250,000.00 <\/strong>in liquid assets<\/li>\n\n\n\n<li>You have <strong>no<\/strong> prior convictions for certain felonies<\/li>\n\n\n\n<li>You must provide proof of <strong>all<\/strong> relevant fee payment<\/li>\n\n\n\n<li>Your entity&#8217;s physical address should be located <strong>1000 feet<\/strong> from any school and <strong>300 feet <\/strong>from any community establishment.&nbsp;<\/li>\n\n\n\n<li>Provide personal details of proposed establishment owners or officers. These may include name, address, date of birth, and complete set of <strong>fingerprints<\/strong><\/li>\n\n\n\n<li>Proposed policies <strong>and<\/strong> procedures in tandem with the rule of the <a href=\"https:\/\/tax.nv.gov\/FAQs\/Marijuana_License_Applications\/\">Department of Taxation<\/a>.<\/li>\n\n\n\n<li>Provide evidence you own the proposed property where the business will be located. Alternatively, provide proof you have <strong>notarized permission<\/strong> from the landlord to operate a cannabis establishment on the premise.<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Types of business licenses<\/strong><\/h3>\n\n\n\n<p>There are a total of <strong>five<\/strong> types of cannabis business licenses in Las Vegas. These include cultivation facility, distributor, retail store, testing facility, and product manufacturing facility licenses. Both medical <strong>and<\/strong> recreational use markets offer these same licenses.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Application periods<\/strong><\/h3>\n\n\n\n<p>You can <strong>only<\/strong> apply for a cannabis business license during <strong>the 10-day \u201capplication period\u201d<\/strong>. The application period is a short window provided by the Nevada Cannabis Compliance Board.&nbsp;<\/p>\n\n\n\n<p><strong>By law<\/strong>, the state must announce the dates it accepts applications. Once the application period closes, there is no other way one can legally apply to the state for a cannabis establishment license. However, it is worth noting the last time the board scheduled the application period was in <strong>2018<\/strong>.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Licensing fees<\/strong><\/h3>\n\n\n\n<p>There are several <strong>fees<\/strong> associated with opening a cannabis business in Las Vegas, as with most other industries. The fees vary depending on the type of establishment you are opening:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Dispensary licensing fees<\/strong>: these include a $5,000.00 nonrefundable application fee, a $30,000.00 initial licensing fee, and a $5,000.00 annual renewal fee.<\/li>\n\n\n\n<li><strong>Cultivation facility licensing fees<\/strong>: $5,000.00 nonrefundable application fee, $3,000.00 initial licensing fee, and $1,000.00 annual renewal fee<\/li>\n\n\n\n<li><strong>Edibles production facility licensing fees<\/strong>: $5,000.00 nonrefundable application fee, $3,000.00 initial licensing fee, and $1,000.00 renewal fee<\/li>\n\n\n\n<li><strong>Independent testing laboratory licensing fees<\/strong>: $5,000.00 nonrefundable application fee, $5,000.00 initial licensing fee, and $3,000.00 annual renewal fee.<\/li>\n\n\n\n<li><strong>Retail:<\/strong>&nbsp;an application fee for all applications is $5000<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Las Vegas cannabis delivery and distributions<\/strong><\/h3>\n\n\n\n<p>Las Vegas also has a thriving cannabis <strong>delivery and distribution<\/strong> industry throughout <strong>all<\/strong> of Southern Nevada. Typically, cannabis delivery and distribution operators are independent firms or services that don&#8217;t typically produce their own cannabis products.&nbsp;<\/p>\n\n\n\n<p>These service providers act as stock clearinghouses for cannabis businesses and dispensaries. During the height of the Covid-19 pandemic, this industry recorded a <strong>colossal<\/strong> growth thanks to the huge <strong>increased demand<\/strong> for medicinal and recreational products. The operators provide a lot of <strong>convenience and safety<\/strong> in transporting to consumers needing to quarantine or self-isolate.&nbsp;&nbsp;<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Get all your supplies from Las Vegas\u2019 Largest Dispensary<\/strong><\/h2>\n\n\n\n<p>There is no doubt the <strong>Las Vegas<\/strong> cannabis industry is truly one of a kind, just like the city that built it. Home to over <strong>20 licensed dispensaries<\/strong>, Las Vegas enjoys a thriving recreational business that looks set to expand further. Since 2017, when it legalized recreational cannabis sales, Las Vegas has continued to attract <strong>millions<\/strong> of locals and tourists.&nbsp;<\/p>\n\n\n\n<p>The City of Sin has also opened its doors wide to <strong>hundreds of recreational dispensaries and counting<\/strong> looking to cash in on the craze. Today, cannaseurs of all kinds have several options to obtain cannabis products in the city, including delivery, pick-up, or in-store purchases.<br>If you need a constant supply of quality cannabis products, <a href=\"https:\/\/www.planet13lasvegas.com\/\"><strong>visit us at Planet 13 Las Vegas<\/strong><\/a>. Planet 13 is <strong>the largest dispensary on the planet<\/strong> and one of the nation\u2019s <strong>leaders<\/strong> in cannabis cultivation, production, and dispensaries. <strong>Our 24\/7 storefront<\/strong> provides a range of discreet, stylish, and elegant products suited just your specific needs. Find the freshest, <strong>top-shelf quality<\/strong> cannabis products at the Planet 13 location nearest you today.<a href=\"https:\/\/www.planet13lasvegas.com\/contact-us\/\"> Contact us <\/a>today to learn more.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>There is no doubt the cannabis business has been booming in Nevada since its legalization. Statista reveals that the total legal sales in the state grew by&nbsp;30% from 2018 to 2021. In 2021 alone, the total sales hit a whopping $1 billion thanks to surging demand from both medical and recreational use markets. Las Vegas [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[71,121],"tags":[],"class_list":["post-20671","post","type-post","status-publish","format-standard","hentry","category-information","category-education"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Las Vegas Cannabis 2022 Overview | Planet 13 Las Vegas<\/title>\n<meta name=\"description\" content=\"Las Vegas&#039; cannabis market is ever growing and providing the most opportunities for the cannabis market in Nevada. 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