CLICS/CLICS2018A/commsumm.nsf
PUBLIC
BILL SUMMARY For HB18-1011
SENATE COMMITTEE ON FINANCE
Date May 3, 2018
Location SCR 352
HB18-1011 - Amended, referred to Senate Appropriations
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| Attachment Tag |
File Name |
| Attachment H |
https://www2.leg.state.co.us/CLICS/CLICS2018A/commsumm.nsf/0/E67B5171AAC5B9BD872582A4006D993A/$File/18SenateFin0503AttachH.pdf?OpenElement
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02:32:38 PM |
Senators Neville and Jahn, co-prime bill sponsors, presented House Bill 18-1011. This bill modifies the statutory ownership and investment definitions for medical and retail marijuana licensees, removes the limit of 15 out-of-state owners, and allows a publicly traded corporation to invest in a marijuana business or become a marijuana business. The bill creates two new ownership licenses and a new investment type. |
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02:39:02 PM |
Jim Burack, Colorado Department of Revenue (DOR), testified in opposition to the bill. |
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02:44:56 PM |
Dominique Mendiola, DOR, testified in opposition to the bill. |
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02:47:31 PM |
Ms. Mendiola and Mr. Burack responded to committee questions. |
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02:47:45 PM |
Dean Heizer, LivWell Enlightened Health,
testified in support of the bill. |
03:08:59 PM
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Motion |
Adopt amendment L.019 [Attachment H]. |
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| Moved |
Neville T. |
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| Seconded |
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Jahn |
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Tate |
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Zenzinger |
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Smallwood |
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Neville T. |
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YES: 0 NO: 0 EXC: 0 ABS: 0 FINAL ACTION: Pass Without Objection
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03:09:41 PM
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Motion |
Refer House Bill 18-1011, as amended, to the Committee on Appropriations. |
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| Moved |
Neville T. |
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| Seconded |
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Jahn |
Yes |
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Tate |
Yes |
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Zenzinger |
No |
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Smallwood |
Yes |
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Neville T. |
Yes |
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Final |
YES: 4 NO: 1 EXC: 0 ABS: 0 FINAL ACTION: PASS
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