Nevada Cannabis Regulation is going to be put to the test with the amount of marijuana sales streaming in already and the forecast for continued growth. Leslie Bocskor is founding chairman of the Nevada Cannabis Industry Association and he believes that Nevada’s regulating experience in gambling, prostitution and mixed martial arts makes the state well suited to putting together and enforcing legal marijuana regulation.
As Nevada prepared to open its first adult-use cannabis stores on July 1, Leafly caught up with Leslie Bocskor, the Las Vegas investment banker and founding chairman of the Nevada Cannabis Industry Association. An early member of the ArcView Investor Network, Bocskor was recently named vice chairman of GB Sciences, a cannabis-based pharmaceutical research firm based in Las Vegas.
Bocskor: It means we’re going to see a gradual end of the black market.
It’s great for business. It’s great for tax revenue. It’s great for compassionate access for people who aren’t even getting medical marijuana.
Getting it out of the black market, though, is the heart of it. By having a regulated market, we’re making sure that we’re not sending money out of the country to criminal organizations. That’s what resonates for me.
People regard the Nevada framework as the best regulatory framework in the world. Nevada has a history regulating things other jurisdictions don’t — gaming, mixed martial arts, prostitution and escort services.
Nevada’s cannabis regulatory framework has been implemented in such a commonsense way. Testing for medical and recreational is the same. Colorado medical is not tested, but recreational is tested. Nevada has the most stringent testing: testing for microbial contamination, biological contamination, mold, mildew, fungus, heavy metals, pesticides, fungicides in parts per million and parts per billion. It’s the cleanest cannabis that’s ever been produced because of the testing regulations. If our food was tested as stringently as Nevada cannabis is tested, we’d have less food borne illnesses than we do.
Regulating cannabis is not like handling plutonium. Recreational cannabis is not going to cause the world to open up and start swallowing people. It’s going to be an enormous positive for Nevada. It’s going to be an enormous positive for all of the tourists that come here. And since we get tourists from all over the world, it will also be a way for other markets to see what legal, well-regulated cannabis can look like.
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