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24711923866C47D6872582410003EAAA Hearing Summary




PUBLIC
BILL SUMMARY For HB18-1011

HOUSE COMMITTEE ON FINANCE
Date Feb 26, 2018      
Location LSB A



HB18-1011 - Committee Discussion Only


05:42:49 PM  

Representatives Pabon and Van Winkle, co-prime sponsors, presented House Bill 18-1011, which allows publicly traded companies to invest in medical and retail marijuana businesses and limits which types of investors are subject to disclosure and background investigations.  A strike-below amendment (amendment L.001) was distributed to the committee prior to the hearing [Attachment J].

05:50:07 PM  
The bill sponsors responded to committee questions.
06:15:10 PM  

Ms. Meg Collins, representing Good Chemistry, testified from a neutral position on the bill.  She responded to questions from the committee.

06:21:50 PM  
Ms. Kristi Kelly, representing Marijuana Industry Group, testified in support of the bill.
06:26:10 PM  
Mr. Bruce Nassau, representing True Cannabis and Marijuana Industry Group, testified in support of the bill.
06:29:36 PM  
Mr. Andy Williams, representing Medicine Man, testified in support of the bill.
06:37:12 PM  
Mr. Shawn Coleman, representing Terrapin Care Station, testified in support of the bill.
06:41:21 PM  
Mr. Joe Segalia, representing Terra Tech Corp, testified in support of the bill.
06:45:31 PM  
Mr. Segalia and Mr. Coleman responded to committee questions.
06:51:27 PM  
Representative Pabon commented on witness testimony.
06:54:14 PM  
Mr. Dean Heizer, representing LivWell Enlightened Health, testified in support of the bill.
07:02:34 PM  
Mr. Michael Drozd, representing Eurofins, testified in support of the bill.
07:05:09 PM  
Mr. Jim Burack, Director, Marijuana Enforcement Division within the Department of Revenue, testified from a neutral position on the bill.
07:12:13 PM  
Ms. Dominique Mendiola, Deputy Director, Marijuana Enforcement Division, testified from a neutral position on the bill.
07:15:04 PM  
Director Burack and Deputy Director Mendiola responded to committee questions. Representative Pabon also responded to a committee question.
07:23:57 PM  
The bill was laid over for action only at a later date.






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