Nevada to address cannabis industry interactions with casinos
Nevada Governor Brian Sandoval announced Wednesday morning he ordered a committee to make policy recommendations on how casinos should work with cannabis businesses.
The committee will discuss whether gaming establishments can exchange money with cannabis businesses and whether they can host events that promote cultivation or distribution of cannabis.
“Gaming regulators have been clear on the prohibition of marijuana consumption on licensed gaming properties but there are additional policy considerations such as industry events and business relationships that should be contemplated,” Sandoval said.
In Nevada, the law allows cannabis consumption in private homes only, and it is prohibited in casinos, bars, restaurants, parks, concerts and on any federal property. As long as cannabis remains illegal under federal law, licensed gambling businesses in the state cannot be a part of the cannabis industry.
Besides the gambling industry’s direct engagement with cannabis businesses, there are further issues to take into consideration, Chairman of the Gambling Control Board A.G. Burnett said, including the possibility for casino-resorts to host cannabis-related conventions, as well as ways in which cash proceeds from cannabis transactions can find their way to casinos.
“So, even if marijuana isn’t used, is it appropriate to host a convention where bongs and pipes are being sold?” Burnett said.
In November, the Marijuana Business Conference and Expo, which is expected to draw more than 650 exhibitors, will take place at the Las Vegas Convention Center near the Las Vegas Strip. The conference will also provide input and further discussion on the potential relationship between casinos and a person or business that sells, cultivates or distributes cannabis.