Clark County Commissioners Approve 101 Medical Marijuana Facilities

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Clark County Commissioners Approve 101 Medical Marijuana FacilitiesCommissioners in Nevada’s Clark County on Tuesday granted approvals to 101 companies interesting in setting up medical marijuana grow and laboratory operations in the county.

Out of a total of 112 applications, only 5 were rejected, with 6 withdrawing. However, the prospective companies still need to have their applications approved by the state. The 5 applications were rejected due to unsuitable facilities or lack of expertise in growing the plant, reported the Las Vegas Sun.

The commissioners approved 58 permits for growing facilities, 38 applications for manufacturing marijuana oils and products, and five applications for marijuana testing laboratories.

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Early this month the commission granted permits to 18 applications in unincorporated Clark Country for opening medical marijuana dispensaries. About 79 applicants had applied to open the dispensaries, with the maximum number of licenses capped at 18, which isn’t the case with grow and production facilities.

Casino Operators among Applicants

Some renowned figures who received the permits in the latest round include Brian Greenspun and Janie Greenspun Gale, who are linked to Las Vegas Sun. Another is Randy Black, a veteran casino industry executive who retired in 2013 from Mesquite Gaming. Black’s company Clear River received approval to establish grow and production facilities in Laughlin, on top of its earlier dispensary license.

Marla Wilson, whose company Vegas Valley Growers was awarded production and growing licenses, once worked in pharmaceutical device sales.

The chairman of the commission, Steve Sisolak said though most of the applications were approved, some companies may not open owing to the huge capital outlay needed to establish marijuana grow and production operations.

“We wanted to make sure we had more than an adequate supply” in order to keep costs down for patients, Sisolak said.

Las Vegas, which is in Clark County, is one of the cities that will have growing and cultivation facilties. To register for a free 2-week subscription to ForexMinute Premium Plan, visit www.forexminute.com/newsletter.

To contact the reporter of this story; Jonathan Millet at john@forexminute.com