Cannabis Business Opportunities: Las Vegas a City with Over 40 Million Visitors Last Year

In the latest episode of the podcast, Demetri Downing and Max Juhasz dive into the cannabis landscape in Nevada. They kick off their State by State series with insights from Prescott Jones, an attorney who runs the Cannabis Department at Residential Lewis, and Deena Vallina, founder of Apex Advisors and treasurer for the Chamber of Cannabis, the largest trade association in Nevada. Prescott shares his experience in the cannabis space for the past ten years, highlighting the journey from the early days of Nevada's medical marijuana program to the present. Dina provides additional perspective as a cannabis accountant actively involved in shaping legislation for the industry. The hosts discuss the unique aspects of the Nevada cannabis market, such as its significant number of annual visitors, with 48% of cannabis sales going to non-residents. They delve into the regulatory structure, supply chain, and nuances specific to the state, emphasizing the need for expertise in navigating its complexities. The conversation covers the history of cannabis legalization in Nevada, from the passage of medical marijuana laws in 1998 to the opening of the first dispensaries in 2015. The discussion touches upon the evolution of licensing structures, including the recent change allowing for dual-use licenses, streamlining the process for obtaining both medical and adult-use licenses.Video Version: https://youtu.be/45AKfpnqkhQ Guests: Prescott Joneshttps://www.linkedin.com/in/prescottjones/ Deena Vallinahttps://www.linkedin.com/in/apexadvisors/ Sponsored by: Curaleaf: https://curaleaf.com/ Dime Industries: https://dimeindustries.com Dope SEO: https://dopeseo.com/ Policy Quake: https://policyquake.com Hosts:Max Juhasz and Demitri Downinghttps://www.linkedin.com/in/maxjuhasz/ Executive Producer: Eric Williamson