Indopedia All Things Marijuana
This week, the Nevada Gaming Commission will hold a meeting to discuss the implications of cannabis legalization on the operation of casinos. State laws and regulations prohibit any gaming licensee from engaging in an activity that would discredit the gaming industry, and any casino found to be in violation of federal cannabis laws could therefore be at risk of losing their state license and being forced out of business.
“Were we to take a position that would allow a federal law to be broken and not act on it, that has a great chance of inviting federal intervention,” Commissioner Randolph Townsend said during a meeting last year. Gaming licensees will need to consider whether or not executives, dealers, or hosts who are employed by the casino might also have ties to the cannabis industry. Casinos that are seen to be supporting legal cannabis could run the risk of having their bank accounts closed, as banks are federally prohibited from handling funds for cannabis-related businesses.
One issue that casinos face is how to deal with tourists who want to enjoy the state’s legal gambling and cannabis at the same time. State laws prevent anyone from using cannabis in…
