Lawmakers Hold Hearing On Bill To Regulate And Tax Marijuana in Nevada

Carson City, NV (KRNV & — The Nevada Assembly Judiciary Committee is holding a hearing Friday morning on a bill to make marijuana legal for adults and establish a system in which marijuana is regulated and taxed similarly to alcohol.

A.B. 402, introduced by Assemblyman Joe Hogan (D-Las Vegas), would allow adults 21 and older to privately possess up to one ounce of marijuana and grow up to six marijuana plants in an enclosed, locked space. It also directs the Department of Taxation to license and regulate marijuana retail stores, cultivation facilities, product manufacturing facilities, and testing facilities, and it establishes an excise tax on wholesale and retail sales, which will be directed to the State Distributive School Account in the State General Fund.

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