Today the Coalition to Regulate Marijuana Like Alcohol launched a signature drive for a new initiative to legalize recreational cannabis in the State of Nevada.
State Senator Tick Segerblom and former Republican Senate Caucus Executive Director Joe Brezny were the first to sign the petition, during a press conference in Senator Segerblom’s office.
If passed, the initiative would legalize the possession of up to one ounce of cannabis for adults 21 and older, and establish a regulatory system to license manufacturers and retail stores throughout the state. A 15% excise tax would be applied to wholesale transactions, and all tax revenue would be put towards education.
Campaigners need to collect roughly 101,000 valid signatures, at which point the initiative will be put before the Legislature for consideration; if state lawmakers decide not to enact it, the measure will be put on the 2016 ballot. The deadline to submit the necessary number of signatures is November 11th.