Category Archives: Nevada Medical Cannabis Business & Marijuana Legal News

Marijuana firm Verano sued for $135 million in Nevada related to licenses

Multistate operator Verano Holdings faces a $135 million lawsuit in Nevada for alleged fraud in excluding its Nevada partners from a recent licensing round in which the Illinois-based firm won 11 additional recreational cannabis store licenses. The suit, filed earlier this month by Naturex and BB Marketing in the state’s Eighth Judicial Court, alleges that Verano defrauded its […]

Cannabis company Terra Tech sued for alleged theft, deceptive finances

A businesswoman in Reno, Nevada, is suing Terra Tech, accusing the California-based, vertically integrated marijuana company and various defendants connected to the firm of alleged theft, stock manipulation and filing false reports with government agencies, a local TV station reported. According to the lawsuit filed by Heidi Loeb Hegerich in Washoe County District Court, Terra Tech “has a long […]

Nevada high court dismisses liquor firms’ adult-use marijuana distribution suit

The Nevada Supreme Court dismissed a lawsuit that would have required the state to license only alcohol wholesalers as distributors of recreational marijuana. The decision doesn’t have an immediate effect, but “when we decide to open up more (distributor) applications, it will allow us to select from a broader range of applicants,” said Stephanie Klapstein, […]

Green Thumb Industries buys Nevada cannabis business in $290 million deal

Green Thumb Industries (GTI), a multistate marijuana company, has agreed to purchase a Nevada-based, vertically integrated cannabis company in a stock and cash deal valued at about $290 million. The deal expands Chicago-based GTI’s footprint in Nevada, home to one of the fastest-growing, adult-use MJ markets in the nation. The acquisition includes: Three retail stores in […]

Canadian marijuana cultivator Flower One buys Nevada MJ firm for $27 million

Canadian marijuana cultivator Flower One Holdings agreed to purchase a Nevada cannabis cultivation business for $27 million, expanding the Toronto-based company’s footprint in the Silver State’s rapidly growing MJ industry. With the purchase of 100% of Las Vegas-based NLV Organics, Flower One (Canadian Securities Exchange: FONE) gains a 25,000-square-foot cultivation and production facility in North Las Vegas, […]

MJardin buying Nevada cannabis cultivation facility for $22 million

MJardin has agreed to buy a licensed cannabis cultivation facility in Las Vegas for roughly $22 million in cash and stock, allowing the Denver company to extend its geographic footprint into the Nevada marijuana market. MJardin – which operates cultivation, processing and retail facilities in North America and has an office in Toronto – said […]

Nevada marijuana business faces flurry of financial fraud suits

CWNevada, one of Nevada’s largest cannabis companies, has been sued for alleged fraud, failure to repay millions of dollars to its lenders and misusing intellectual property. “While local and national media outlets report on the unprecedented success of Nevada’s regulated marijuana market, CWNevada management has managed to run the business into the ground,’’ claimed a […]

Nevada’s first year of recreational marijuana sales surpasses expectations

Nevada regulators and industry insiders say the state’s first year of broad cannabis legalization exceeded even their highest estimations, with sales and tax collections already surpassing year-end projections by 25%. Numbers from June are still outstanding, but they are expected to push taxable sales past $500 million, netting total tax revenue in the neighborhood of […]

Nevada releases revamped design for mandated cannabis edibles symbol

Nevada’s Marijuana Enforcement Division (MED) released a redesigned symbol that edibles producers are required to stamp or mold on every single-serving marijuana edible product by Jan. 1 of next year. It is the second iteration of the symbol. It features the letters THC and an exclamation mark inside a triangle. The first – featuring an […]