May 27, 2014
The Coalition to Regulate Marijuana Like Alcohol launched a signature drive Tuesday in support of a 2016 ballot measure that would end marijuana prohibition in Nevada. State Sen. Tick Segerblom (D-Las Vegas) and former Nevada Republican Senate Caucus Executive Director Joe Brezny were the first to sign the petition at a news conference in Sen. Segerblom's law office.
The initiative would make private possession of up to one ounce of marijuana legal for adults 21 years of age and older. It would establish a tightly regulated system of licensed marijuana retail stores, licensed cultivation facilities, licensed manufacturing facilities, licensed testing facilities, and licensed distributors. It also establishes a 15% excise tax on wholesale transactions and directs all tax revenue from the tax to be spent on education.
In order to qualify for the 2016 ballot, the campaign must submit more than 100K valid signatures by Nov. 11, 2014.