Don’t expect Las Vegas marijuana consumption lounges to be cash cows for their owners — at least initially.
That was part of the message delivered by Ben Sillitoe, co-founder of Oasis Cannabis, during a Las Vegas Medical Marijuana Association luncheon on Thursday.
“We lost a lot of money for a really, really long time,” Sillitoe said. “You don’t just get to open a cannabis business and make a ton of money. I promise you that lounges will be the same way.”
The Las Vegas City Council last month approved an amendment to allow for lounges to operate by existing dispensary owners. Those without a state license to sell cannabis would be allowed to seek permits for off-site lounges starting in 2020.
Because of the city’s somewhat lengthy permitting process, it’s expected that the first lounge won’t be open until sometime this fall at the earliest.
The city did, however, receive its first special-use