This year we Nevadans had something extra special to celebrate while ringing in the New Year. As of January 1st, 2017 Nevada officially legalized adult use of cannabis just like Colorado did a few years ago.
With Nevada joining the rest of the West Coast (CA, WA, OR) the sky is the limit as far as the potential of Las Vegas being the greatest cannabis tourist destination in the world, surpassing Denver, Barcelona and Amsterdam combined. Nobody handles tourism the way Las Vegas does. There were more than 42 million visitors last year and the numbers are going to continue to rise with the McCarran International Airport’s expansions.
I have heard that Michigan will gross four times what Colorado does on tax revenue collected from cannabis companies based on the size of the population. This gives me hope that Nevada will become the #1 tourism destination for both the hardcore and casual cannabis consumers.
Only a few years ago, Nevada rolled out a medical cannabis program that was very progressive and compassionate based on reciprocity, meaning that medical cannabis cards from other states were valid in NV medical dispensaries. Literally, there is one shop on Flamingo Rd across from the Palms Hotel and Casino with a giant banner over the store’s entrance reading ‘Welcome California Patients.’
Now that it is fully legal for adults (21 yrs) to purchase cannabis it is going to be a major game changer for the state. Our education system was the third worst in the nation last year, with an embarrassing graduation rate just over 70%. Although the details are yet to be revealed the tax revenue collected from licensed dispensaries, cultivators, and producers will help fund the Nevada school systems.
2017 is going to be H-U-G-E for the cannabis industry, just ask President Trump. In my opinion there will be never be federal cannabis regulation; it will be a states rights issue. Just as Nevada leads the U.S. in gaming regulations, as well combat sports like boxing and MMA (neither of which have federal commissions).
Nevada is positioned to be the front-runner in regulating cannabis, which will remain a states rights issue.
Las Vegas isn’t scared of a little weed. In fact I think we should change our city motto from “What happens in Vegas stays in Vegas” to “We can handle it.”
We can handle it and will do so in the most professional manner giving our guest the best experiences of their lives. Patients who purchase medical cannabis in Nevada are getting the best medicine possible and when recreation comes into play Nevada patrons will have the highest consumer protection of any other state.
The requirements for Nevada cultivators to pass lab inspections are the strictest in the nation. Accredited cannabis testing labs inspect products for mold, pesticides, and microbials. It is mandatory for the labs to provide a strain profile for the flowers, which include terpene and cannabinoid contents for the licensed cultivators. Nevada dispensaries are required to possess the lab results of products they sell in order to show customers the strains’ contents such as THC, CBD, CBG and terpenoid values.
The cannabis scene in Nevada is going to be first class, in fact the medical program already is. Over time I expect all other states that are legalizing it to follow suit and copy Nevada’s program, just like Oregon and Arizona are now doing.