The New Business of Medical Marijuana in Nevada

BY SENATOR MARK HUTCHISON

The new medical marijuana industry will present both opportunities and risks for the serious-minded entrepreneur.

Senator Mark Hutchison

 

Medical Marijuana occupied substantial time and energy during the 77th Legislature in the form of Senate Bill 374. Governor Brian Sandoval signed SB 374 on June 12, 2013, and with the stroke of a pen created the framework for some new and unique business establishments in Nevada. Beginning New Years Day 2014, companies may begin servicing patients who are legally authorized to consume marijuana for medicinal purposes in treating health ailments. SB 374 authorizes medical marijuana dispensaries, cultivating facilities, marijuana-infused and edible products, and independent testing laboratories. These are known as medical marijuana establishments (“MMEs”) under the law

 

Full Article:

http://www.nevadabusiness.com/2013/07/the-new-business-of-medical-marijuana-in-nevada/