The Marijuana Jackpot

When it comes to permissiveness, no other state does it quite as well as Nevada. After all, we have legal gambling and prostitution, and have managed, not only to keep it under control, but to make it pay off hugely for our state. That naturally leads to the idea that we might be able to do the same with marijuana and hit the jackpot again.

According to the Las Vegas Sun, the movers and shakers are already looking into making Nevada a marijuana-friendly state, especially now that the federal government has said it won’t be fighting the only two states where marijuana is legal for recreation. Both Washington state and Colorado have led the pack. And a month ago, US Attorney General Eric Holder said the federal government, which still holds all marijuana to be illegal, won’t challenge their state laws in court. That makes the legal-weed landscape that much more attractive for Nevada.

But even with just medical marijuana legalized a short time ago, there’s money to be made in the weed business. The dispensary model promises profits to those willing to finance operations and take a few risks – and get one of the limited number of dispensary licenses available next year.

Forty licenses will be available to grow and sell marijuana in Clark County, and those licenses might cost dearly. The Sun reports:
“It exceeds our wildest dreams," said Sen. Tick Segerblom, D-Las Vegas, a sponsor of the medical marijuana dispensary bill. "When we wrote this law, we said we wanted to make it attractive commercially so that people with money and resources will come here and fight for these licenses. They're coming here in droves."

Want to apply? Well dig up $100,000 for the legal fees and you can. That’s just one estimate of what it costs to submit an application with any chance of success. Like gambling licenses, the limited number and the prediction of a hot market, make medical marijuana the latest hot ticket and “sure thing” in Nevada.

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