jct74
11-09-2016, 12:39 AM
Nevada Becomes the Seventh State to Legalize Marijuana
Sheldon Adelson's tears are yummy.
Jacob Sullum
Nov. 9, 2016
Yesterday Nevada voters, who approved medical marijuana by a margin of nearly 2 to 1 in 2000, finally decided to legalize marijuana for recreational use as well. With 46 percent of precincts reporting, the state's legalization initiative, Question 2, is favored by 54 percent of voters, and ABC News projects that it will win.
Question 2 allows adults 21 or older to possess up to an ounce of marijuana in public, grow up to six plants at home, and transfer up to an ounce at a time to other adults "without remuneration." Those provisions take effect on January 1.
The initiative charges the state Department of Taxation with licensing and regulating marijuana producers, manufacturers, distributors, and retailers, and imposes a 15 percent excise tax on the "fair market value" of marijuana sold by growers. The department is required to issue regulations for the newly legal marijuana businesses and begin accepting license applications by the beginning of 2018.
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read more:
http://reason.com/blog/2016/11/09/nevada-becomes-the-seventh-state-to-lega
Sheldon Adelson's tears are yummy.
Jacob Sullum
Nov. 9, 2016
Yesterday Nevada voters, who approved medical marijuana by a margin of nearly 2 to 1 in 2000, finally decided to legalize marijuana for recreational use as well. With 46 percent of precincts reporting, the state's legalization initiative, Question 2, is favored by 54 percent of voters, and ABC News projects that it will win.
Question 2 allows adults 21 or older to possess up to an ounce of marijuana in public, grow up to six plants at home, and transfer up to an ounce at a time to other adults "without remuneration." Those provisions take effect on January 1.
The initiative charges the state Department of Taxation with licensing and regulating marijuana producers, manufacturers, distributors, and retailers, and imposes a 15 percent excise tax on the "fair market value" of marijuana sold by growers. The department is required to issue regulations for the newly legal marijuana businesses and begin accepting license applications by the beginning of 2018.
...
read more:
http://reason.com/blog/2016/11/09/nevada-becomes-the-seventh-state-to-lega