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h_fin_2017a_2017-05-01t13:39:33z5 Hearing Summary

Date: 05/01/2017

Location: LSB A

Final

BILL SUMMARY for SB17-192



HOUSE COMMITTEE ON FINANCE


Votes: View--> Action Taken:
Adopt amendment L.022 (Attachment D). The motion p

Refer Senate Bill 17-192, as amended, to the Commi
Pass Without Objection

PASS







04:41 PM -- SB17-192



Representative Singer, co-prime sponsors, presented Senate Bill 17-192. The reengrossed bill allows for a single-instance transfer of retail marijuana and retail marijuana products from a retail marijuana licensee to a medical marijuana licensee, changes the provisions for calculating the average market rate, and creates a contract price to use when calculating excise taxes between unaffiliated retail marijuana businesses. Representative Singer distributed amendment L.022 (Attachment D).



17HouseFin0501AttachD.pdf17HouseFin0501AttachD.pdf



04:44 PM --
Mr. Mike Rausch, representing LiveWell Enlightened Health, testified in support of the bill and responded to questions from the committee.



04:49 PM --
Mr. John Vecchiarelli, representing the Department of Revenue, responded to questions from the committee.



04:54 PM --
Mr. Dan Anglin, representing C4, testified in support of the bill and responded to questions from the committee. Mr. Vecchiarelli also responded to committee questions. Mr. Kammerzell, Department of Revenue, came to the table to address additional questions from the committee.





05:15 PM



Mr. Anglin and Mr. Kammerzell continued to answer committee questions.



05:30 PM --
Ms. Kathy Otis, representing Pueblo West, testified in support of the bill with amendment L.022.



05:32 PM --
Mr. Eric Bergman, representing Colorado Counties, Inc., testified in support of the bill with amendment L.022. Mr. Bergman responded to questions from the committee.

BILL: SB17-192
TIME: 05:37:15 PM
MOVED: Gray
MOTION: Adopt amendment L.022 (Attachment D). The motion passed without objection.
SECONDED: Van Winkle
VOTE
Beckman
Benavidez
Catlin
Covarrubias
Gray
Herod
Kennedy
Lawrence
Michaelson Jenet
Thurlow
Van Winkle
Foote
Pabon
YES: 0 NO: 0 EXC: 0 ABS: 0 FINAL ACTION: Pass Without Objection





05:37 PM



The committee discussed potential second reading amendments. The bill sponsors made closing remarks on the bill.

BILL: SB17-192
TIME: 05:41:53 PM
MOVED: Gray
MOTION: Refer Senate Bill 17-192, as amended, to the Committee on Appropriations. The motion passed on a vote of 9-4.
SECONDED: Van Winkle
VOTE
Beckman
No
Benavidez
No
Catlin
Yes
Covarrubias
Yes
Gray
Yes
Herod
Yes
Kennedy
Yes
Lawrence
Yes
Michaelson Jenet
Yes
Thurlow
No
Van Winkle
Yes
Foote
Yes
Pabon
No
Final YES: 9 NO: 4 EXC: 0 ABS: 0 FINAL ACTION: PASS














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