Your welcome! Especially liked this part, "Leslie Bocskor, founding chairman of the Nevada Cannabis Industry Association, calls the process “merit based.”
“Nevada has a history of setting up regulatory frameworks for industries that were once viewed as taboo,” he says. Bocskor, a dapper former investment banker with a long door-knocker beard and the bushy eyebrows of a Victorian magician, is raising a $25 million fund to invest in cannabis companies. While some investors who are interested in the space stick with auxiliary services, to avoid breaking federal law, he says his Electrum Fund will back companies that “touch the plant.” (In general, companies face less regulation and less risk the further they are from the plant, which can makes those spaces more attractive to small business people.)
Bocskor said the restrictions are designed to help keep out “bad actors” and ensure that the industry will not embarrass the state. He predicts that the state will become a Silicon Valley of cannabis where researchers develop ultra-refined strains of pot and exploit the plant’s medical potential. One hydroponics CEO estimated that the Las Vegas market alone could be worth up to $1.5 billion annually.
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