A second Nevada tribal marijuana dispensary will be operating in the valley in early 2019. The Las Vegas Paiute tribe has plans to open its second Nuwu Cannabis Marketplace on tribal land near the tribe’s golf resort in Centennial Hills, Kevin Clock of Cascade Strategic Investments told the Las Vegas Sun on October 10th. Clock, whose Oregon-based group partners with the Las Vegas Paiutes, said the new dispensary will be about a third of the size of the tribe’s 15,800-square-foot dispensary located near downtown Las Vegas. The new dispensary will also include a 24-hour drive-thru and will carry the same inventory of products as the downtown location, which includes flower, edibles, topicals and concentrates.
Terra Tech Corp. expands footprint with dispensary in Downtown Las Vegas
In mid-October, Terra Tech Corp., a vertically integrated cannabis-focused agriculture company, announced its purchase of a retail property located at 121 North Fourth Street in downtown Las Vegas. Terra Tech plans to convert the building into a Blüm retail dispensary. The 4,541-square-foot retail building rests on a single 0.16-acre land parcel on North 4th Street, just 100 feet from Fremont Street Experience.
NLV Organics sells to Flower One
Flower One has purchased NLV Organics' cultivation for $27.2 million. NLVO is a fully operational, 25,000-square-foot cultivation and production facility located in North Las Vegas with nine grow rooms capable of cultivating a total of 4,500 plants per cycle. It is fully licensed to grow and process cannabis for both the medical and recreational markets in Nevada. Flower One also announced that it received its cultivation and production licenses from the State of Nevada and is developing the largest greenhouse in Nevada at 400,000 square feet along with a 55,000-square-foot production facility. The greenhouse is expected to have an annual capacity of 140,000 pounds of dry flower and trim.
MJardin Group expands in Nevada with acquisition of flagship asset
In September, Denver-based MJardin Group, a cannabis facility management company, announced its acquisition of the parent company of GreenMart of Nevada LLC, which owns a four-acre site containing two existing indoor cultivation facilities located in northeastern Las Vegas, for approximately $22 million in cash and stock. Located near Nellis Air Force Base, one facility is currently operational and the second is expected to be operational by January 2019. At full capacity the two facilities can produce over 10,000 pounds of finished flower product annually. MJardin plans to invest as much as $15 million into the facility to develop extraction and packaging for its own marijuana-infused products as well as for up to five brands.
November Calendar of Events
November 2: A Symposium on Social Consumption of Recreational Marijuana
The William S. Boyd School of Law and Nevada Law Journal present The Elephant in Nevada’s Hotel Rooms: A Symposium on Social Consumption of Recreational Marijuana on Friday, November 2nd from 8:30 a.m. to 6 p.m. in the law school’s Thomas and Mack Moot Courtroom. Centered around the Nevada Law Journal’s most recent White Paper, the seminar will analyze the Regulation and Taxation of Marijuana Act and surveys the approaches of other legalizing states, and ultimately proposes legislation to address Nevada’s public consumption problem. To RSVP, https://law.unlv.edu/event/marijuana-white-paper-symposium.
November 9: Innovation in Medical Cannabis Therapies
GB Sciences will be presenting innovations necessary for plant-based medical cannabis therapies to become available through mainstream channels during its seminar Innovation in Medical Cannabis Therapies. The seminar will be held from 9 a.m. to 5 p.m. on Friday, November 9th at Keep Memory Alive Event Center at the Cleveland Clinic Lou Ruvo Center for Brain Health, 888 W. Bonneville Avenue, and is free to attend. Visit gbsciences.com to register.
November 9-10: CBD.io - The Future of Wellness
This two-day event being held in Las Vegas Convention Center’s South Hall is formatted for business-to-business networking and providing industry affiliates the opportunity to connect with hemp and CBD brands who are looking to increase their product reach. Attendees will have the opportunity to participate in educational seminars. https://cbd.io
November 9-11: Herban Expo
Herban Expo, a cannabis business to consumer trade show event open to the public, is being held at the Rio Convention Center. The goal of Herban Expo is to inform, educate, and expose the newest products and trends in the market with hundreds of exhibitors. There will also be live art, entertainment, and informational seminars daily. herbanexpo.com