CARSON CITY, Nev. — The Cannabis Compliance Board on Thursday approved a package of transfers of interest (TOIs), granted short-term waivers tied to several applications and adopted routine consent items after staff presentations and brief public comment.

Board members voted to approve three consent-agenda extensions and to adopt minutes from the board’s February meeting. Staff also presented an informational item reporting that Deep Roots Harvest Inc. (RD401) and Essence Tropicana LLC (RD319) had passed preopening inspections and received final retail licenses on Feb. 27, 2025.

The board then acted on six TOI applications and related waiver requests. Staff told the board it had identified no areas of concern in investigations of most of the transfers, although Mystic Holdings’ application prompted a separate, extended discussion about outstanding tax liabilities (see related story).

Votes at a glance

- Puritanic Concentrates LLC → Lucid Management LLC (RetaiI license D456): approved. Staff: no areas of concern reported. (Motion/second: not specified; outcome: approved.)
- iAnthus Capital Holdings, Inc. / Green Mart of Nevada, NLV, LLC → AP Nevada Management, Inc. (retail licenses, various jurisdictions): approved. Staff: no areas of concern reported. (Motion/second: not specified; outcome: approved.)
- AYR Wellness internal transactions (TOI #2400021 & #2400042) and related waiver under NCCR 5.11 (NCCR 5.112): approved; waiver limited to expire when AYR next appears before the board. (Motion/second: not specified; outcome: approved.)
- Medical Cannabis Healing — internal transfer and introduction of new minority shareholders, plus a requested waiver of NCCR 5.11 via NCCR 5.112: approved; board accepted the applicant’s assurance it would notify staff going forward and approved the requested waiver limited to the next TOI appearance. (Motion/second: not specified; outcome: approved.)
- License exchange between Navisix LLC and 800 Stillwell LLC (distribution licenses moved between jurisdictions to resolve local-jurisdiction issues): approved. Staff: no areas of concern reported. (Motion/second: not specified; outcome: approved.)
- Mystic Holdings / Qualcan restructuring to distribute Qualcan licenses into three new Mystic subsidiaries (and a requested waiver of NCCR 5.11 under NCCR 5.112): approved; board also requested additional reporting and referred outstanding tax questions to the Attorney General’s office for review (see separate article for full discussion). (Motion/second: not specified; outcome: approved with conditions.)

What staff reported

Rachel Brenner, Chief Compliance Audit Investigator, presented the TOI investigations and repeatedly told the board that staff had not identified areas of concern for most applications but recommended limiting any granted waivers so they would expire when the affected entity next appears before the board.

Legal and applicant representatives appeared by phone or in person for most matters; several applicants thanked investigators by name for timely work on lengthy cases.

Public comment and consent items

Two members of the public used the public-comment period to ask for extensions tied to social-equity applications; both spoke in favor of additional time to finalize financing (see separate article). The board approved the consent-agenda extensions and minutes as presented without further amendment.

Next steps

Where the board approved waivers staff recommended they be limited to expire at the licensee’s next TOI appearance. For Mystic Holdings the board both approved the restructuring and directed staff to refer the outstanding tax questions to the Attorney General’s office for follow-up and reporting back to the board.

The board’s next regular meeting is scheduled for April 17, 2025.