HB16-1041

HB16-1041 - Repeal Bonding Requirement Marijuana Businesses

Passed/Signed into Law
Concerning The Removal Of Unreasonably Impracticable Financial Requirements Applicable To Marijuana Businesses That Are Required To Be Licensed.

The bill:

  • 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 bill);
  • 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 ).
Latest update: March 11, 2016
03/11/2016 Governor Signed
03/01/2016 Sent to the Governor
03/01/2016 Signed by the President of the Senate
02/29/2016 Signed by the Speaker of the House
02/24/2016 Senate Third Reading Passed - No Amendments
02/23/2016 Senate Second Reading Passed - No Amendments
02/17/2016 Senate Committee on Business, Labor, & Technology Refer Unamended - Consent Calendar to Senate Committee of the Whole
02/03/2016 Introduced In Senate - Assigned to Business, Labor, & Technology
02/02/2016 House Third Reading Passed - No Amendments
02/01/2016 House Second Reading Passed - No Amendments
01/28/2016 House Committee on Business Affairs and Labor Refer Unamended to House Committee of the Whole
01/13/2016 Introduced In House - Assigned to Business Affairs and Labor