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Last week, the Nevada Cannabis Compliance Board unanimously passed a resolution that loosened rules for cannabis consumption lounges in the state. The measure, which also granted a trio of conditional licenses, reduced air-ventilation standards for cannabis consumption lounges in Las Vegas and other areas in the state.
Specifically, the number of complete air changes per hour in a single smoking room has dropped to 20 from 30. This is in line with similar venues, including taverns, cigar lounges and hookah bars. The board also reduced air revolutions in nonsmoking areas of marijuana consumption lounges from 20 times every hour to six times in an hour.
Prior to the board meeting, executives involved in the industry had voiced their concerns on regulations for consumption lounges, in particular those that cover indoor air quality and the hefty costs of air-ventilation system installation and maintenance. The regulators’ actions offer additional clarity for operators to proceed with design and construction plans while also making it easier and cheaper for lounges to launch in this tourist market.
Argentum Partners’ partner Scot Rutledge stated that these changes would allow new small businesses to operate safely while decreasing burdensome requirements that would cost thousands of dollars.
Sala Consulting President Chris Anderson stated in a meeting with regulators that the changes reduced the initial investment and operational costs of running the ventilation systems while also lowering the entry barrier for lounge operators. Sala Consulting represents one of the three companies that received a conditional license for a cannabis consumption lounge, Planet 13. The other two companies are Cheyenne Medical and Common Sense Botanicals Nevada.
In addition, regulators also approved the use of Billow, a smoke-elimination device that enables users to consumer cannabis via a closed-loop filtration system. The system’s inventor, Shanel Lindsay, stated that the company was thrilled that regulators approved the use of this device, allowing for innovative technology to be utilized in marijuana consumption lounges as an alternative to expensive systems. This, Lindsay noted, would allow equity businesses to thrive while also protecting employees of these businesses.
It is expected that other jurisdictions in the country will follow suit as these developments continue in Nevada, a tourist market that almost 40 million individuals visited in 2022.
At the moment, however, consumption lounges are still far from launch. This comes after the board signaled that further changes on air-quality standards in marijuana consumption lounges would be adopted at its next meeting.
As these lounges open and tourists flock in, product demand is likely to surge, and as a result, cultivation equipment of the kind that Advanced Container Technologies Inc. (OTC: ACTX) produces is likely to see increased sales.
NOTE TO INVESTORS: The latest news and updates relating to Advanced Container Technologies Inc. (OTC: ACTX) are available in the company’s newsroom at https://cnw.fm/ACTX
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