Nevada lawmakers have sent the governor a large-scale cannabis reform bill that would more than double the personal possession limit, consolidate licensing rules and broaden eligibility for participation in the market by people with prior felony convictions. The cannabis omnibus legislation from Sen. Dallas Harris (D) passed the Assembly in a 28-14 vote on Monday, just a few days after it cleared the Senate.
The measure would make a series of revisions to the state’s existing cannabis laws, in part by increasing the possession and purchase limit for cannabis from one ounce to 2.5 ounces. The amount of cannabis concentrates that adults can possess is also being doubled from one-eighth of an ounce to one-quarter of an ounce.
Also, it would make it so adult-use cannabis retailers would no longer need to have a separate medical cannabis license to serve patients. Recreational retailers would automatically serve as dual licensees.
Regulators would no longer be able to issue or renew medical cannabis licenses after January 1, 2024—unless the applicant is located in a jurisdiction that has opted out of permitting adult-use facilities. Medical cannabis patients would be exempt from the state excise tax at recreational retailers. Fees for licensing applications and renewals would also be reduced under the legislation.
Read more at marijuanamoment.net