Carson City – Nevada Governor Steve Sisolak today signed Executive Order 2019-03, establishing an advisory panel tasked with defining the scope of a future Cannabis Compliance Board.
“Nevada’s gaming industry is seen as the international gold standard and there is no reason we cannot take steps to ensure our marijuana industry is viewed the same way,” said Gov. Sisolak. “Today’s executive order is the first step in making sure we allow Nevada’s thriving marijuana industry to not just continue to grow but to represent the best in the country.”
The executive order creates an advisory panel made up of seven members who will be tasked with preparing enabling language for a Cannabis Compliance Board for the Legislature’s consideration during the 80th session. According to the Executive Order, the scope of items for Advisory Panel consideration include, but are not limited to, the following:
A. studying the Nevada Department of Taxation’s current cannabis regulatory structure and licensing procedures; review of Nevada’s gaming regulatory apparatus and other similar regulatory structures, identifying elements necessary to create an exemplary Cannabis Compliance Board;
B. review of potential banking solutions for Nevada’s cannabis industry;
D. review of current advertising restrictions applicable to the cannabis industry;
E. review of the current confidentiality provisions employed by the Nevada Department of Taxation in licensing and regulation of the cannabis industry, which have resulted in claims of opaque application grading and certificate award processes;
F. review of current enforcement mechanisms and practices for current cannabis establishment certificate holders;
G. review of antitrust provisions concerning market concentration of cannabis establishment ownership groups;
H. review of Nevada cannabis law, policy, and compact status for federally recognized tribes in the State; and
I. review of other items as directed by the Governor.
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