Now is the Time to Deploy or Sell Nevada Cannabis Licenses



Lawyer Phil Silvestri recently explained the timeline in Nevada’s cannabis licensing market, predicting a license bust and urging holders of licenses to act quickly if they aren’t intending to build out and operate the grow or the dispensary.  He has updated his views to account for a policy ruling in December that suggested Nevada would not nullify a license if there were “significant progress” being made.  Silvestri suggests those not intending to become operators should sell now.  Speculative buyers have their eyes on the potential legalization that voters could approve in November:

Purchasing a Nevada cannabis license now is a bet on the future of Nevada marijuana. If you buy a the license now, you will be getting involved in a cannabis industry that caters to the small Nevada population of medical marijuana card holders and out of state visitors with their own medical cards.  BUT, if recreational marijuana passes in our election in November (which we are believe will happen), these licenses will almost certainly start selling for a lot more even than today.

Read Phil Silvestri’s “Nevada Cannabis License Sales: It’s Crunch Time”:

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Published by NCV Newswire
NCV Newswire
The NCV Newswire by New Cannabis Ventures aims to curate high quality content and information about leading cannabis companies to help our readers filter out the noise and to stay on top of the most important cannabis business news. The NCV Newswire is hand-curated by an editor and not automated in anyway. Have a confidential news tip? Get in touch.

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