There are currently no new dispensary licenses available in Nevada, unless you want to purchase an operational dispensary which costs between $15,000,000 and $50,000,000.
Nevada last issued dispensary licenses in December of 2018 and has not announced a plan to accept new applications any time soon.
It's important to know if there is a limit on the number of dispensaries in any state you desire to obtain a dispensary. In Nevada there is a limit and the limit has already been met. You may have to wait until there is a change to that limit or can consider establishing a dispensary in a different state. Additionally you have the option of purchasing a dispensary, which in Nevada usually costs about $15M minimum, depending on how well the dispensary is performing.
NAC 453D.260 Request for applications to operate establishment: Notice by Department; required provisions; time period for submission of applications. (NRS 453D.200)
1. At least once each year, the Department will determine whether a sufficient number of marijuana establishments exist to serve the people of this State and, if the Department determines that additional marijuana establishments are necessary, the Department will issue a request for applications to operate a marijuana establishment. The Department will provide notice of a request for applications to operate a marijuana establishment by:
(a) Posting on the Internet website of the Department that the Department is requesting applicants to submit applications;
(b) Posting a copy of the request for applications at the principal office of the Department, at the Legislative Building and at not less than three other separate, prominent places within this State; and
(c) Making notification of the posting locations using the electronic mailing list maintained by the Department for marijuana establishment information.
2. When the Department issues a request for applications pursuant to this section, the Department will include in the request the point values that will be allocated to each applicable portion of the application.
3. The Department will accept applications in response to a request for applications issued pursuant to this section for 10 business days beginning on the date which is 45 business days after the date on which the Department issued the request for applications.
4. If the Department receives an application in response to a request for applications issued pursuant to this section on a date other than the dates set forth in subsection 3, the Department will not consider the application and must return the application to the entity that submitted the application.
(Added to NAC by Dep’t of Taxation by R092-17, eff. 2-27-2018)
