Скачать или смотреть #lasvegas

Cannabis, Casinos and Las Vegas - 3 giants that I speak of often, and days ago, Forbes released an updated article on June 16th in regards to panel discussions and chatter on this subject. The Cannabis Policy Institute also held talks with key Gaming Executives to see if the needle can move - For Casinos to consider Cannabis - On Prem.

Las Vegas casinos are avoiding cannabis despite Nevada’s legalization due to its classification as a federal Schedule I drug—making it incompatible with the federal banking system that sustains gaming operations. Integration would trigger serious regulatory, casino licensing, and banking risks

Mr. Seth Schorr, CEO of Fifth Street Gaming, is vocal about the need for change. He argues Las Vegas must use “every tool in the toolbox”—including cannabis lounges and hotel delivery reversing declining tourism and capturing niche demand .

Mr. Soo Kim, the chairman of Bally’s Corporation, and builder of The New Las Vegas Stadium on the former site of the recently demolished Tropicana to be home of the Athletics baseball team, says integrating cannabis into any casino is a nonstarter. Well now.... Not even a little Cannabis beverage at the stadium for the Gen Z-er's and soccer moms? Alcohol sales are being disrupted by THC and Wellness drinks and as Seth Schoor states, we need to capture niche demand.

Bottom line: Without federal rescheduling or explicit banking guidance around cannabis, major casinos will stay on the sidelines.

We will continue to follow this important news from the Silver state and update on PCMtv.