Law Takes Effect in Nevada to Create New Cannabis Regulatory Board

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More than a year after Nevada’s 2019 legislative session ended, several new state laws took effect July 1, including one that creates a new cannabis regulatory board to oversee the industry, according to The Nevada Independent.

A.B. 533 transfers the responsibilities of cannabis regulation from the Department of Taxation to a new, five-member Cannabis Compliance Board, which is modeled off the Nevada Gaming Control Board, the news outlet reported.

The board will be charged with the law enforcement, regulation and compliance duties associated with the cannabis industry, and is expected to approve rules later this month to outline how it will regulate cannabis differently than the Department of Taxation, according to The Nevada Independent, including increasing penalties for certain violations and streamlining the license renewal process.

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