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First Regular Session | 75th General Assembly
Colorado General Assembly
HB16-1041

Repeal Bonding Requirement Marijuana Businesses

Type Bill
Session 2016 Regular Session
Subjects
Liquor, Tobacco, & Marijuana

Concerning the removal of unreasonably impracticable financial requirements applicable to marijuana businesses that are required to be licensed.

Bill Summary:

The act:
  • Declares that, because bonds for medical marijuana businesses and retail marijuana establishments are unavailable in the current marketplace, the requirement to post a bond for the issuance or renewal of a state-issued license makes the operation of medical marijuana businesses and retail marijuana establishments unreasonably impracticable, a result prohibited by Colorado's constitution (section 1 of the act);
  • Repeals the requirement that medical marijuana businesses (sections 2 and 3) and retail marijuana establishments (sections 4 and 5) post a bond to be eligible for the issuance or renewal of a license; and
  • Repeals the requirement that retail marijuana cultivation facilities file a state tax surety bond (section 6).
(Note: This summary applies to this bill as enacted.)

Prime Sponsors

Representative Steve Lebsock

Representative

Steve Lebsock

Senator Chris Holbert

Senator

Chris Holbert

Committees

House

Business Affairs and Labor

Senate

Business, Labor, & Technology

Appropriations

Status

Became Law

Introduced

Passed

Became Law

Related Documents & Information

Date Version Documents
03/11/2016 Signed Act PDF
03/01/2016 Final Act PDF
02/24/2016 Rerevised PDF
02/23/2016 Revised PDF
02/02/2016 Reengrossed PDF
02/01/2016 Engrossed PDF
01/13/2016 Introduced PDF
Date Version Documents
07/12/2016 FN2 PDF
01/22/2016 FN1 PDF
Activity Vote Documents
Refer House Bill 16-1041 to the Committee of the Whole with a recommendation that it be placed on the consent calendar. The motion passed on a vote of 9-0. Vote summary
Hearing Summary
|
Committee Report:  PDF
Activity Vote Documents
Refer House Bill 16-1041 to the Committee of the Whole. The motion passed on a vote of 13-0. Vote summary
Hearing Summary
|
Committee Report:  PDF
Date Calendar Motion Vote Vote Document
02/24/2016 Third Reading BILL
35
AYE
0
NO
0
OTHER
 		Vote record
Date Calendar Motion Vote Vote Document
02/02/2016 Third Reading BILL
58
AYE
6
NO
1
OTHER
 		Vote record
Date Location Action
03/11/2016 Governor Governor Signed
03/01/2016 Governor Sent to the Governor
03/01/2016 Senate Signed by the President of the Senate
02/29/2016 House Signed by the Speaker of the House
02/24/2016 Senate Senate Third Reading Passed - No Amendments
02/23/2016 Senate Senate Second Reading Passed - No Amendments
02/17/2016 Senate Senate Committee on Business, Labor, & Technology Refer Unamended - Consent Calendar to Senate Committee of the Whole
02/03/2016 Senate Introduced In Senate - Assigned to Business, Labor, & Technology
02/02/2016 House House Third Reading Passed - No Amendments
02/01/2016 House House Second Reading Passed - No Amendments
01/28/2016 House House Committee on Business Affairs and Labor Refer Unamended to House Committee of the Whole
01/13/2016 House Introduced In House - Assigned to Business Affairs and Labor
Effective Date Chapter # Title Documents
03/11/2016 14 Repeal Bonding Requirement Marijuana Businesses PDF

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