Blum Holdings Inc (BLMH)

[Demar]

"No applications have been submitted yet in Clark County or the City of Las Vegas, but that's expected to change soon. The last day to apply for a license in Clark County is April 22."




Entrepreneurs scramble to fill out medical marijuana applications

CREATED Apr. 4, 2014

Las Vegas, NV (KTNV) -- As medical marijuana sales move closer to becoming a reality in Southern Nevada, more questions keep coming up, and those trying to get into the industry are finding it's no easy task.

Financial data, background checks, secure locations and business plans are just a few of the things entrepreneurs need to jump into the seedling pot industry in Clark County, but most importantly, they need cold hard cash.

"We're looking at probably over $100,000 just to get through the licensure process and that doesn't guarantee we'll be successful in getting the application," said Patrice Sowers, a grow house applicant.

Only a handful of licenses will be awarded to potentially hundreds of applicants. They gathered at Main Street Station Friday to put their heads together and navigate the process with the help of some elected officials who made it possible in the first place.

"A lot of people are wanting to apply and I just want to encourage them and tell them that the end is in sight," Senator Tick Segerblom told Action News. "They're starting to realize you have to get a building, you have to get security, you have to figure out how you're going to transport money, if you're going to grow, how you'll grow. It's a good step but there's a lot of work ahead."

City Councilman Bob Coffin said even if people don't get picked the first time, there's a chance they'll have a shot in the future, and there are plenty of onlookers watching the guinea pigs of the first round to map out their road ahead.

"They want to see how it's started, and in the end, they'll be there for the second go around, because there will probably be one," Coffin said. "I think there will be a lot of demand."

No applications have been submitted yet in Clark County or the City of Las Vegas, but that's expected to change soon. The last day to apply for a license in Clark County is April 22.


http://www.jrn.com/ktnv/news/Entrepreneurs-scramble-to-fill-out-medical-marijuana-applications-254002341.html?lc=Tablet