A new initiative to tax and regulate the sale of legal cannabis in Nevada has just been filed. This is the fourth try to legalize cannabis in Nevada.
http://abcnews.go.com/Business/wireStory?id=9500241The measure would limit the number of retail stores to 120 statewide, with numbers determined locally by population, Schwartz said. Store operators would pay a $2,500 licensing fee, according to the initiative.
Additionally, Schwartz said "cultivators" would be limited to 50 and that they would have to pay a $5,000 licensing fee and collect a tax at the wholesale level of $50 per ounce. It also would allow personal possession of up to 1 ounce.