71860A8CF7F2C94A872582820070A1C4 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

Attachment Tag

File Name

Attachment H

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

HB18-1011 - Amended, referred to Senate Appropriations

Colorado General Assembly