Marijuana Business Efficiency Measures
| Type | Bill |
|---|---|
| Session | 2017 Regular Session |
| Subjects |
Concerning provisions to allow marijuana businesses to operate more efficiently, and, in connection therewith, making an appropriation.
Bill Summary:
The bill allows the state licensing authority to authorize single-instance transfers of retail marijuana or retail marijuana products from a retail marijuana licensee to a medical marijuana licensee. If granted, the transfer must be completed within 30 days of the date the transfer was approved. A retail marijuana license that is subject to suspension is not eligible for the transfer and any retail marijuana or retail marijuana product that is subject to an administrative hold is not eligible for transfer.
Under current law, the department of revenue determines the average market rate for purposes of excise tax collection on retail marijuana every 6 months. The bill gives the department the authority to calculate the average market rate on a quarterly basis. The average market rate cannot include taxes paid on sales or transfers. The bill requires a separate average market rate for unprocessed marijuana for extraction that is lower than the average market rate for unprocessed marijuana for direct sale. The bill states that the average market rate should be used to calculate the state excise tax on affiliated transactions, and the contract price should be used to calculate the excise tax on unaffiliated transactions. The bill clarifies that the average market rate will be used to calculate the excise tax on all county, municipal, or metropolitan district transactions.
(Note: This summary applies to the reengrossed version of this bill as introduced in the second house.)
Related Documents & Information
| Date | Version | Documents |
|---|---|---|
| 05/02/2017 | SA1 |
| Activity | Vote | Documents |
|---|---|---|
| Refer Senate Bill 17-192 to the Committee of the Whole. | The motion passed on a vote of 11-2. | Vote summary |
| Activity | Vote | Documents |
|---|---|---|
| Adopt amendment L.022 (Attachment D). | The motion passed without objection. | Vote summary |
| Refer Senate Bill 17-192, as amended, to the Committee on Appropriations. | The motion passed on a vote of 9-4. | Vote summary |
| Activity | Vote | Documents |
|---|---|---|
| Adopt amendment L.016 (Attachment A). | The motion passed without objection. | Vote summary |
| Adopt amendment L.017 (Attachment B). | The motion passed without objection. | Vote summary |
| Refer Senate Bill 17-192, as amended, to the Committee on Appropriations. | The motion passed on a vote of 4-1. | Vote summary |
| Activity | Vote | Documents |
|---|---|---|
| Adopt amendment L.012 (Attachment D). | The motion passed without objection. | Vote summary |
| Adopt amendment L.013 (Attachment E). | The motion passed without objection. | Vote summary |
| Adopt amendment L.014 (Attachment F). | The motion passed without objection. | Vote summary |
| Adopt amendment L.015 (Attachment G). | The motion passed without objection. | Vote summary |
| Activity | Vote | Documents |
|---|---|---|
| Adopt amendment L.005. | The motion passed without objection. | Vote summary |
| Adopt amendment L.007 (Attachment C). | The motion failed on a vote of 1-6. | Vote summary |
| Adopt amendment L.006. | The motion failed on a vote of 2-5. | Vote summary |
| Refer Senate Bill 17-192, as amended, to the Committee on Finance. | The motion passed on a vote of 7-0. | Vote summary |
| Activity | Vote | Documents |
|---|
| Date | Calendar | Motion | Vote | Vote Document |
|---|---|---|---|---|
| 05/09/2017 | House Amendments | REPASS |
30
AYE
5
NO
0
OTHER
|
Vote record |
| 05/09/2017 | House Amendments | REPASS |
34
AYE
1
NO
0
OTHER
|
Vote record |
| 05/09/2017 | House Amendments | CONCUR |
35
AYE
0
NO
0
OTHER
|
Vote record |
| 04/12/2017 | Third Reading | BILL |
28
AYE
7
NO
0
OTHER
|
Vote record |
| Date | Calendar | Motion | Vote | Vote Document |
|---|---|---|---|---|
| 05/08/2017 | Third Reading | BILL |
53
AYE
12
NO
0
OTHER
|
Vote record |
| Date | Location | Action |
|---|---|---|
| 06/02/2017 | Governor | Governor Signed |
| 05/18/2017 | Governor | Sent to the Governor |
| 05/18/2017 | House | Signed by the Speaker of the House |
| 05/18/2017 | Senate | Signed by the President of the Senate |
| 05/09/2017 | Senate | Senate Considered House Amendments - Result was to Reconsider |
| 05/09/2017 | Senate | Senate Considered House Amendments - Result was to Concur - Repass |
| 05/08/2017 | House | House Third Reading Passed - No Amendments |
| 05/05/2017 | House | House Second Reading Special Order - Passed with Amendments - Committee, Floor |
| 05/03/2017 | House | House Second Reading Laid Over Daily - No Amendments |
| 05/02/2017 | House | House Second Reading Special Order - Laid Over Daily - No Amendments |
| 05/02/2017 | House | House Committee on Appropriations Refer Unamended to House Committee of the Whole |
| 05/01/2017 | House | House Committee on Finance Refer Amended to Appropriations |
| 04/12/2017 | House | Introduced In House - Assigned to Finance + Appropriations |
| 04/12/2017 | Senate | Senate Third Reading Passed - No Amendments |
| 04/11/2017 | Senate | Senate Second Reading Passed with Amendments - Committee, Floor |
| 04/10/2017 | Senate | Senate Second Reading Laid Over Daily - No Amendments |
| 04/06/2017 | Senate | Senate Committee on Appropriations Refer Amended to Senate Committee of the Whole |
| 03/16/2017 | Senate | Senate Committee on Finance Refer Amended to Appropriations |
| 03/14/2017 | Senate | Senate Committee on Finance Lay Over Amended |
| 03/08/2017 | Senate | Senate Committee on Business, Labor, & Technology Refer Amended to Finance |
| 03/01/2017 | Senate | Senate Committee on Business, Labor, & Technology Witness Testimony and/or Committee Discussion Only |
| 02/14/2017 | Senate | Introduced In Senate - Assigned to Business, Labor, & Technology |
Prime Sponsor
Sponsor
Co-Sponsor
| Effective Date | Chapter # | Title | Documents |
|---|---|---|---|
| 08/09/2017 | 299 | Marijuana Business Efficiency Measures |