ADULT USE (iP1) BALLOT QUESTION – NOVEMBER 8, 2016
The initiative to regulate and tax marijuana like alcohol in Nevada will appear on the ballot this November. To vote on this measure, you must be a registered voter. If you are not yet registered, please visit www.registertovotenv.gov to sign up.
WHAT THE INITIATIVE TO REGULATE AND TAX MARIJUANA LIKE ALCOHOL IN NEVADA DOES:
Ends marijuana prohibition — The initiative removes all legal penalties for possession of up to one ounce of marijuana for adults 21 years of age and older. Adults will be able to purchase marijuana from licensed retail marijuana stores, and those who do not live within 25 miles of a retail marijuana store will be allowed grow up to six marijuana plants in an enclosed locked area.
Regulates marijuana production and sales — The initiative creates a system of licensed marijuana retail stores, distributors, cultivation facilities, product manufacturers, and testing facilities, which will be overseen by the Nevada Department of Taxation. The Department will adopt and enforce rules regarding testing, packaging, labeling, and tracking marijuana products. It will also establish business licensing procedures, security requirements, and restrictions on signage and advertising. Local governments will have the ability to adopt and enforce local marijuana control measures pertaining to zoning and land use for marijuana establishments.
Taxes marijuana — The initiative establishes a 15% excise tax on wholesale marijuana sales, and the revenue will be used to fund the Department of Tax’s implementation and enforcement of regulations. Any additional revenue will be used to benefit public education via the State Distributive School Account in the State General Fund. Retail marijuana sales will be subject to standard state and local sales taxes.
The initiative to regulate and tax marijuana like alcohol in Nevada will appear on the November 2016 ballot. To read the full text of the initiative, click on this link:
If you are not yet registered to vote in the state of Nevada, please make your voice heard and visit www.registertovotenv.gov to sign up.