The following content is excerpted from the Prospectus of Tidal Royalty Corp. dated January 29, 2018 filed on SEDAR.
Nevada Marijuana Industry Overview
The Nevada State Department of Taxation (DoT) is responsible for licensing and regulating retail marijuana
businesses and medical marijuana program in Nevada. There are five types of retail marijuana establishment
licenses:
- Cultivation Facility - Licenses to cultivate (grow), process, and package marijuana; to have marijuana
tested by a testing facility; and to sell marijuana to retail marijuana stores, to marijuana product
manufacturing facilities, and to other cultivation facilities, but not to consumers.
- Distributor - Licenses to transport marijuana from a marijuana establishment to another marijuana
establishment.
- Product Manufacturing Facility - Licenses to purchase marijuana; manufacture, process, and package
marijuana and marijuana products; and sell marijuana and marijuana products to other product
manufacturing facilities and to retail marijuana stores, but not to consumers.
- Testing Facility - Licenses to test marijuana and marijuana products, including for potency and
contaminants.
- Retail Store - Licenses to purchase marijuana from cultivation facilities, marijuana and marijuana products
from product manufacturing facilities, and marijuana from other retail stores; can sell marijuana and
marijuana products to consumers.
From May 15-31, 2017, the DoT accepted applications for an early start program which runs from July 1 through
the end of 2017. For this program, only operational medical marijuana establishment certificate holders "in good
standing" could apply for retail marijuana licenses, with the exception of distributor licenses, which is a new license
type under the retail program.
The regular retail marijuana program will begin in early 2018. The Regulation and Taxation of Marijuana Act
specifies that, for the first 18 months of the program, only existing medical marijuana establishment certificate
holders can apply for a retail marijuana establishment license. Beginning in November 2018, the DoT will open up
the application process to those not holding a medical marijuana establishment certificate. The regular program will
be governed by permanent regulations, drafted by the DoT.
Summary by States
Arizona State Summary >>
California State Summary >>
Colorado State Summary >>
Florida State Summary >>
Puerto Rico State Summary >>
Oregon State Summary >>
Washington State Summary >>
Nevada State Summary >>
