The governor of Nevada has signed a large-scale cannabis reform bill that more than doubles the legal personal possession limit, consolidates licensing rules, and broadens eligibility for participation in the market by people with prior felony convictions.
Gov. Joe Lombardo (R) gave final approval to the legislation from Sen. Dallas Harris (D) on Wednesday, less than a week after lawmakers formally sent it to his desk.
The measure makes 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 makes it so adult-use cannabis retailers will no longer need to have a separate medical cannabis license to serve patients. Recreational retailers will automatically serve as dual licensees.
Regulators will 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 will also be reduced under the new law.
Read more at marijuanamoment.net