Poker players are known for going all-in on big pots, and that is exactly what Word Poker Tour champion, Phil Ivey, has done with pot of the medical variety. Ivey submitted an application for one of the medical marijuana dispensary licenses in Las Vegas, and out of the fifty-three submitted, his application has made it to the second round of the approval process.
Last week, members of the Las Vegas City Council carefully examined each and every application submitted by hopeful medical marijuana producers and retailers. The examination process lasted two days, and resulted in the first-round approval of twenty-six applications. Applications must now be examined by representatives of the Nevada Department of Health and Human Services. The number of applications that will remain in the approval process is unknown.
The state of Nevada only allocated twelve dispensary licenses for the city of Las Vegas, so it is possible that less than half of the applicants approved in the first round will actually be awarded a license to operate. If that turns out to be the case, there will be over a dozen unhappy applicants losing the non-refundable application fee of $5,000.
Applications passed by the Department of Health and Human Services in the second round of the approval process will still have one more hoop to jump through. The final applicants will be selected by the City Council, from the narrowed down list, during a suitability hearing that will occur sometime after.
photo credit: Dolcevitaonline