Nevada Bill Increases Number of Available Retail and Medical Marijuana Store Licenses

The Nevada Assembly introduced bill AB3 that allows a city to request an increase in the number of retail and medical marijuana store licenses that may be issued by Nevada’s Department of Taxation. The existing Nevada law limits the number of medical marijuana dispensaries and retail marijuana licenses that the Department of Taxation may issue in a specific county. For example, a Nevada county that has more than 700,000 residents may have up to 40 medical marijuana dispensaries and 80 retail marijuana stores. Existing law also prohibits a local government for approving the issuance of more than 25 percent of the medical marijuana licenses in a county unless the county increases the total number of licenses. The proposed legislation would allow an incorporated city of county to request additional medical or retail store licenses from the Department of Taxation.