Clark County OKs Medical Pot Regulations Taxes - Capstone Brokerage

Clark County Medical Pot Regulations

By: Ben Botkin (Las Vegas Review Journal) October 2014

Clark County commissioners on Tuesday unanimously approved medical marijuana regulations for the up-and-coming industry.

The 40-page ordinance is the first one for the county’s medical marijuana industry. It’s intended to regulate all aspects of the industry in unincorporated areas, which include dispensaries, cultivation facilities, production facilities and laboratories.

The county in June approved 18 applicants for dispensaries, 58 permits for cultivation facilities, 38 permits for production facilities and five permits for laboratories for testing the drug. State approval is still needed before facilities can open.

Each medical marijuana establishment, other than a testing laboratory, would pay quarterly license fees that increase based on the business’ earnings. The owner will be required to pay 1 percent on gross revenues that are under $150,000 a quarter; 2 percent on gross revenues that exceed $150,000 and go up to $400,000 a quarter; and 3 percent on gross revenues that exceed $400,000 a quarter.

LVRJ.com