Author: News Room

This article is excerpted from The SAFE Banking Act: Explained. Download the full report here. Lawmakers continue to discuss how to best move cannabis banking reform across the finish line of the Senate floor now that it’s been removed from the COMPETES Act. As legislators debate the next steps, we hope our peers in the field understand that this law is not just about making life more convenient for cannabis business owners. It would serve as a catalyst for cross-industry development benefitting multiple sectors across the economy. We can’t discuss the SAFE Banking Act without acknowledging the ripple effect it…

Nevada marijuana regulators say they received 100 applications for the state’s first-ever marijuana consumption lounge licenses during a short submission window last month, with plans to begin issuing approvals in “early 2023.” The Nevada Cannabis Compliance Board (CCB) started accepting the applications on October 14 and closed submissions on October 27. This comes more than a year after Gov. Steve Sisolak (D) signed a bill from Assemblyman Steve Yeager (D) legalizing consumption lounges. Current retailers were able to apply for one license category to build lounges into their existing operations, and there will also be independent lounges that can enter into a…