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Commissioners sorting through 206 marijuana applications

Reported by: Kelsey Thomas
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Updated: 5/02/2014 3:23 pm

LAS VEGAS (KSNV & MyNews3) -- Clark County is sorting through stacks of applications and creating a list of people who applied to grow or sell medical marijuana.

We're waiting to find out the names on all those new LLCs, which could be released as early as Friday.

There were 206 applications submitted with potentially thousands of business partners.

Who are the entrepreneurs hoping to profit from the sale of legal marijuana in Clark County?

"Who are the people? How much of it do they own? And where are they from?" asked Clark County Commission chairman Steve Sisolak. Sisolak says the county is in the middle of finding answers to those questions.

"We didn't drill down enough to find out heartbeat, warm pulse bodies, that are actually the owners, and that's what we want to know. People that have names and faces that could be associated with this," Sisolak said.

Commissioners, including Clark County Commissioner Chris Giunchigliani, are going through medical marijuana business applications that disclose not only the owner, but everyone who would have a share in the business.

"Disclose everybody so that everybody is very clear and it's very transparent," Giunchigliani said. "No one can hide behind an LLC."

LLCs, or Limited Liability Companies, are often used by business owners trying to protect their personal assets should the business get sued.

Sisolak says the process can get tricky since an LLC can own another LLC and the individual names of those involved get lost in the mix.

"We felt it's important the public knows who the individual people, not the LLC, they all come up with names for the LLC, but who the actual people that are going to own these businesses, and what percentage of them they're going to own," Sisolak said.

On June 5 entrepreneurs will make their pitch before the county in what they're calling a "marathon meeting."

County commissioners still don't know how many businesses will get the green light to apply with the state.



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