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HB16-1041

Repeal Bonding Requirement Marijuana Businesses

Concerning the removal of unreasonably impracticable financial requirements applicable to marijuana businesses that are required to be licensed.
Session:
2016 Regular Session
Subject:
Liquor, Tobacco, & Marijuana
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.)

Status

Introduced
Passed
Became Law

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Bill Text

  • All Versions (7 )
    Date Bill Type 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
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