Nevada
General
Jun 2022
3 min

Nevada Dispensary Ownership Rules

Answer

  • 21+ years of age
  • Must provide 5 years of tax returns
  • Must pass criminal background check
  • Must be up to date on child support payments
  • Resume and Biography
  • Disclosure of ownership of other cannabis businesses

As of the last licensing timeframe, any applicants for new dispensary licenses had to already hold medical marijuana establishment licenses.  Whether or not this will still be a requirement the next time that dispensary license applications are accepted in NV is yet to be determined.

Why is it important?

It's important to know the requirements for ownerships of a cannabis dispensary in Nevada so that you can put together a team of owners who qualify for licensing.  Having a team member who does not qualify for licensing will cause denial of licensure.  Nevada's licensing process is incredibly competitive so you cannot risk having an unqualified owner on your team.

Explore more
Nevada
facts.
Related Sheets.
Regulatory Citations for This Article

NAC 453D.268  Submission of application by person who holds medical marijuana establishment registration certificate for marijuana establishment of same type or different type; submission of application by person in response to request for applications. (NRS 453D.200, 453D.230)  

On or before November 15, 2018, a person who holds a medical marijuana establishment registration certificate may apply for one or more licenses, in addition to a license issued pursuant to NAC 453D.265, for a marijuana establishment of the same type or for one or more licenses for a marijuana establishment of a different type, and on or after November 16, 2018, a person may apply for one or more licenses for a marijuana establishment by submitting an application in response to a request for applications issued pursuant to NAC 453D.260 which must include:

    1.  A one-time, nonrefundable application fee of $5,000.

    2.  An application on a form prescribed by the Department. The application must include, without limitation:

(a) Whether the applicant is applying for a license for a marijuana establishment for a marijuana cultivation facility, a marijuana distributor, a marijuana product manufacturing facility, a marijuana testing facility or a retail marijuana store;

(b) The name of the proposed marijuana establishment, as reflected in both the medical marijuana establishment registration certificate held by the applicant, if applicable, and the articles of incorporation or other documents filed with the Secretary of State;

(c) The type of business organization of the applicant, such as individual, corporation, partnership, limited-liability company, association or cooperative, joint venture or any other business organization;

(d) Confirmation that the applicant has registered with the Secretary of State as the appropriate type of business, and the articles of incorporation, articles of organization or partnership or joint venture documents of the applicant;

(e) The physical address where the proposed marijuana establishment will be located and the physical address of any co-owned or otherwise affiliated marijuana establishments;

(f) The mailing address of the applicant;

(g) The telephone number of the applicant;

(h) The electronic mail address of the applicant;

(i) A signed copy of the Request and Consent to Release Application Form for Marijuana Establishment License prescribed by the Department;

(j) If the applicant is applying for a license for a retail marijuana store, the proposed hours of operation during which the retail marijuana store plans to be available to sell marijuana to consumers;

(k) An attestation that the information provided to the Department to apply for the license for a marijuana establishment is true and correct according to the information known by the affiant at the time of signing; and

(l) The signature of a natural person for the proposed marijuana establishment as described in subsection 1 of NAC 453D.250 and the date on which the person signed the application.

3. Evidence of the amount of taxes paid, or other beneficial financial contributions made, to this State or its political subdivisions within the last 5 years by the applicant or the persons who are proposed to be owners, officers or board members of the proposed marijuana establishment.

4. A description of the proposed organizational structure of the proposed marijuana establishment, including, without limitation:

(a) An organizational chart showing all owners, officers and board members of the proposed marijuana establishment;

(b) A list of all owners, officers and board members of the proposed marijuana establishment that contains the following information for each person:

         (1) The title of the person;

         (2) The race, ethnicity and gender of the person;

         (3) A short description of the role in which the person will serve for the organization and his or her responsibilities;

         (4) Whether the person will be designated by the proposed marijuana establishment to provide written notice to the Department when a marijuana establishment agent is employed by, volunteers at or provides labor as a marijuana establishment agent at the proposed marijuana establishment;

         (5) Whether the person has served or is currently serving as an owner, officer or board member for another medical marijuana establishment or marijuana establishment;

         (6) Whether the person has served as an owner, officer or board member for a medical marijuana establishment or marijuana establishment that has had its medical marijuana establishment registration certificate or license, as applicable, revoked;

         (7) Whether the person has previously had a medical marijuana establishment agent registration card or marijuana establishment agent registration card revoked;

         (8) Whether the person is an attending provider of health care currently providing written documentation for the issuance of registry identification cards or letters of approval;

         (9) Whether the person is a law enforcement officer;

         (10) Whether the person is currently an employee or contractor of the Department; and

         (11) Whether the person has an ownership or financial investment interest in any other medical marijuana establishment or marijuana establishment.

   

5.  For each owner, officer and board member of the proposed marijuana establishment:

   

(a) An attestation signed and dated by the owner, officer or board member that he or she has not been convicted of an excluded felony offense, and that the information provided to support the application for a license for a marijuana establishment is true and correct;

   

(b) A narrative description, not to exceed 750 words, demonstrating:

         (1) Past experience working with governmental agencies and highlighting past experience in giving back to the community through civic or philanthropic involvement;

         (2) Any previous experience at operating other businesses or nonprofit organizations; and

        (3) Any demonstrated knowledge, business experience or expertise with respect to marijuana; and

(c) A resume.

   

6.  Document