MJBizMag September 2020 - 34

IndustryDevelopments | International & State
Montana
A citizen initiative in Montana to legalize a commercial recreational marijuana
program gathered enough valid signatures to appear on the November ballot,
according to the Secretary of State's office. The ballot initiative, backed by New
Approach Montana, would set up an adult-use market regulated by the state
Department of Revenue. If the ballot measure is successful, the business license
application process would begin by Oct. 1, 2021, and a 20% retail tax would be
assessed on adult-use products.
Nevada
The state Tax Commission endorsed a partial settlement to resolve a consolidated
lawsuit from a group of cannabis companies that claimed Nevada's first round
of recreational marijuana licensing was unfair. The state issued 61 permits in its
adult-use licensing round in late 2018, but critics said the process favored certain
well-capitalized businesses over other, smaller players. The settlement applied to
17 companies and must be approved by the Nevada Cannabis Compliance Board.
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34 Marijuana Business Magazine | September 2020

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MJBizMag September 2020

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