Nevada: MariMed Advisors, Help Secure Medical Marijuana Permits


According to company officials, MariMed Advisors, Inc. and were instrumental in helping clients capture highly coveted provisional medical marijuana cultivation and production permits awarded by the State of Nevada on Monday, November 2. "The Nevada provisional permits continue MariMed and’s track record of success in securing medical marijuana permits," read a joint statement from the companies.

Washoe County-based CannaVative Group, LLC received both cultivation and production provisional permits. Clark County based Harvest Foundation, LLC received a cultivation permit.

“We are excited and honored to be given this opportunity to advance the medical marijuana industry in Northern Nevada,” noted Joey Gilbert, Esq., V.P. Strategy & Government Affairs, The CannaVative Group, LLC. “We are looking forward to working with the City of Reno, Washoe County, the State of Nevada and the MariMed and DispensaryPermits team to create one of the best medical marijuana programs in the country that will provide safe medical marijuana to the patients who truly need it.”

The receipt of the provisional permits culminates an intensive five-month permit application process requiring submission of extensive security, design, financial, systems and reporting, cultivation, packaging, marketing and ongoing operations plans and background checks.

“These permits are the first step in opening the doors to patients for safe, regulated access to medical cannabis within Nevada,” explained Sara Gulickson, executive director. “The breadth and depth of the MariMed Advisors and teams’ expertise in all medical marijuana areas was vital to the success of the applications.”

The provisional permit recipients now have 18 months to comply with all local government requirements and earn a business license. The State of Nevada will then make a final decision on certification.

“It is a real thrill to help our clients move their vision past this critical juncture and plan the next steps to bring it closer to realization,” Gulickson said.

In the coming weeks, MariMed Advisors and anticipate successfully securing medical marijuana permits for clients in Illinois and Minnesota.

“The Illinois medical marijuana application process was one of the strictest we’ve seen, but we anticipate the hard work will pay off when permits are awarded in December,” predicted Robert Fireman, CEO MariMed Advisors.

Fast facts for Medical Marijuana in Nevada

· Nevada will regulate up to 66 medical marijuana dispensaries, cultivators, product manufacturers, and testing laboratories.

· Marijuana sales are poised to grow to $2.34 billion in 2014 and bloom into a $10.2 billion market by 2018. Source: ArcView Market Research in Fast Company

· ArcView Group predicts 14 additional states will legalize adult use of cannabis and two more states will legalize medical use by 2018. Source: Fast Company