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s_fin_2018a_2018-05-03t11:07:20z12 Hearing Summary




PUBLIC
BILL SUMMARY For HB18-1011

SENATE COMMITTEE ON FINANCE
Date May 3, 2018      
Location SCR 352



HB18-1011 - Amended, referred to Senate Appropriations


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.

02:39:02 PM  

Jim Burack, Colorado Department of Revenue (DOR), testified in opposition to the bill.

02:44:56 PM  

Dominique Mendiola, DOR, testified in opposition to the bill.

02:47:31 PM  
Ms. Mendiola and Mr. Burack responded to committee questions.
02:47:45 PM  
Dean Heizer, LivWell Enlightened Health,
testified in support of the bill.


03:08:59 PM
Motion Adopt amendment L.019 [Attachment H].
Moved Neville T.
Seconded
Jahn
Tate
Zenzinger
Smallwood
Neville T.
YES: 0   NO: 0   EXC: 0   ABS:  0   FINAL ACTION:  Pass Without Objection


03:09:41 PM
Motion Refer House Bill 18-1011, as amended, to the Committee on Appropriations.
Moved Neville T.
Seconded
Jahn Yes
Tate Yes
Zenzinger No
Smallwood Yes
Neville T. Yes
Final YES: 4   NO: 1   EXC: 0   ABS:  0   FINAL ACTION:  PASS