Las Vegas Cannabis Comeback Is Underway

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Summary

A new bill allows adults 21 and older to purchase and consume adult-use cannabis products on-site at any licensed cannabis consumption lounge. This caused the state to pass Assembly Bill 341 in early June that allows adults 21 and older to purchase and consume adult-use cannabis products on-site at any licensed “cannabis consumption lounge.” RELATED: Cannabis Clubs: Here’s What You Should Know About This Growing Business According to NORML, “The measure establishes regulations for two distinct types cannabis consumption lounges. The company said that May represents the third consecutive month of record sales as Las Vegas and America return to normal. Consumption Lounges One of the biggest issues that Las Vegas had faced with cannabis sales was the lack of places for tourists to consume. One group would be reserved for existing marijuana dispensary license holders who can then apply to operate an on-site cannabis consumption lounge.

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A new bill allows adults 21 and older to purchase and consume adult-use cannabis products on-site at any licensed cannabis consumption lounge.

Nevada seemed like a sure bet before the pandemic for cannabis companies. A seemingly never-ending stream of tourists from states where cannabis isn’t legal or the legal product offerings were meager. Several companies made huge investments in the state, especially in Las Vegas, to capitalize on tourists happy to plunk down big bucks to sneak some products back home.

Of course, it isn’t legal to take cannabis products across state lines, but that doesn’t stop many tourists from taking the risk....

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