Why it matters: Nevada has issued its first three conditional licenses for cannabis consumption lounges, allowing visitors to legally smoke weed in approved locations.
What they are saying: The businesses granted permits will now undergo final local approvals and inspections by board agents before opening to the public. The lounges plan to offer consumption areas, food and drink, and live entertainment for customers to experience before making a purchase.
The big picture: The lounges will provide a new market for the cannabis industry in Nevada, allowing businesses to operate consumption areas while patrons smoke in legal locations.
What to watch: The change in air quality regulations for cannabis lounges will provide greater flexibility in air ventilation requirements for operators and reduce barriers to entry for social equity applicants.
Take: The approval of these cannabis consumption lounges represent a significant milestone in the cannabis industry, potentially creating new opportunities for businesses in the state and offering a new experience for customers.
