A $1 billion electric car plant and a futuristic transportation test track are among developments North Las Vegas hopes will pay off and diversify its economy.
There’s another, greener, economic development that officials hope will fatten the city’s wallet.
The city has received more state provisional licenses for growing and producing medical marijuana products than Henderson and Las Vegas combined. The financially ailing city hopes those licenses lead to big bucks.
State law currently limits Clark County to 40 licensed dispensaries, including four in North Las Vegas, but there is no limit on grow houses or production operations.
A 2014 city ordinance was created to attract medical marijuana facilities to Apex Industrial Park, said Gregory Blackburn, North Las Vegas director of community development and compliance.
“Apex is unique, completely out of the way of other businesses in the valley,” Blackburn said. “There’s a lot of land out there.”
Under the ordinance, operational grow houses and production facilities at Apex pay 2 percent quarterly fees on gross revenue. [Read more at the Las Vegas Review Journal]
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