Nevada committee to discuss marijuana in casinos

Nevada’s recreational marijuana sector is booming. A 12-member panel of Nevada Gaming Policy Committee will review whether the state’s casino industry can coexist with the recreational drug, marijuana.

 Cassandra Farrington, the CEO of Marijuana Business Daily, a Colorado-based news outlet, will present the case of why the drug should be allowed inside casinos, whereas attorney Brian Barnes will explain the government’s position on the subject.

 During last November’s election, Nevada had voted in favour of allowing the recreational marijuana. The ballot question had passed 54 percent to 46 percent. However, it is unlikely to push policy makers as the federal government maintains that marijuana is a Schedule I drug along with heroin, LSD, and ecstasy.

 The review would not lead to casino floors becoming inundated with pot. Earlier last summer, the state’s Gaming Commission had busted the rumors that gambling and marijuana might be able to work together.

 The odds of marijuana’s entry in casinos seem very long. Commission Chairman Tony Alamo has already explained that Marijuana is a Schedule 1 drug and using it is illegal under federal law. He further clarified on the objective of setting up the review panel saying that the policy is not being set but this is just a discussion to interpret the law as it stands.

 The Gaming Policy Committee comprises some of Nevada’s most influential leaders – including Governor Brian Sandoval (R) and the CEO of the state’s largest employer, MGM’s Jim Murren. Representatives from the Nevada Department of Taxation will also attend the review.

 Earlier this month, The Marijuana Business Conference and Expo, the largest cannabis conference in the world, was held at the Las Vegas Convention Center. It attracted over 10,000 attendees and 700 vendors.

 Once the market is fully matured, Nevada expects to raise $120 million in annual marijuana taxes.

Recent Posts

UK Gambling Commission issues a £6m fine to online operator Casumo

The UK Gambling Commission has issued a £6m (EUR 7.0m / USD 8.2m) penalty to online operator Casumo for severe…

4 weeks ago

Dutch Remote Gambling Act comes into force April 1

The Dutch Gambling Authority (Kansspelautoriteit/Ksa) expects that by October 1 this year, roughly 6 months from the enactment of the…

4 weeks ago

888 Holdings report a staggering 52% increase in revenue during 2020

Amidst a global pandemic, 888 Holdings has reported a staggering 52% increase in revenue during full-year 2020 to $849.7 million…

1 month ago

Playtech and Flutter shake hands on another 5 years

Playtech, a leading global gambling technology company, have announced the extension of their partnership with Flutter Entertainment for its Paddy…

1 month ago

Will FUN Token be on solid ground in iGaming?, a large online (crypto) casino is ambitious and is looking to turn the FunFair (FUN)Token into the token of…

1 month ago

Has Swedish regulation failed?

Gustaf Hagman strongly believes so. In a recent interview with Gambling Insider, the LeoVegas Chief Executive Officer expressed his concern…

2 months ago