Are Nevada casinos losing revenue by not allowing cannabis consumption?

Saturday, August 17, 2024 12:49 PM
  • Richard N. Velotta, Las Vegas Review Journal

Nevada casinos would make a titanic splash if they pushed to allow cannabis products to be consumed in their resorts. But don’t count on that happening anytime soon.

The Nevada Gaming Control Board in 2018 issued a policy following multiple meetings of the Nevada Gaming Policy Committee that prevents gaming licensees from conducting any business with any entities involved with the cannabis industry.

Following that, gaming operators looking to expand into the legal cannabis business had to choose between the two. Most chose gaming.

But now that state and local officials have begun the process of allowing cannabis lounges and federal authorities are considering reclassifying marijuana from a Schedule 1 to a Schedule 3 drug, changes could be ahead.