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8A78013208D9BD548725822400747380 Hearing Summary




PUBLIC
BILL SUMMARY For SB18-021

SENATE COMMITTEE ON BUSINESS, LABOR, & TECHNOLOGY
Date Jan 29, 2018      
Location LSB B



SB18-021 - Committee Discussion Only


02:12:00 PM  

Senators Neville and Jahn introduced Senate Bill 18-021 concerning a marijuana closed loop payment system pilot project. The bill requires the Marijuana Enforcement Division to establish a pilot payment processing program to be used for marijuana transactions. The sponsors provided Amendment L.001 to the committee (Attachment C) and discussed the purpose of the amendment.

02:20:20 PM  
Jenifer Waller, Colorado Bankers Association, spoke in opposition to the bill.
02:24:38 PM  
Zane Gilmer, representing himself, spoke in opposition to the bill. He responded to questions from the committee.
02:45:11 PM  
Barbara Walker, Independent Bankers of Colorado, spoke in opposition to the bill.
02:49:07 PM  
Ryan Parsell, Colorado Treasurer's Office, spoke about the bill. He responded to questions from the committee.
02:55:30 PM  

Larry Lipman, Alliance Financial Network, spoke in support of the bill. He responded to questions from the committee.

03:02:08 PM  
Jason Warf, Southern Colorado Cannabis Council, spoke in support of the bill.
03:10:33 PM  

Shaunt Sarkissian, representing himself, spoke in support of the bill.

03:13:47 PM  
Dante Tosetti, Cortex MCP, spoke in support of the bill.
03:15:46 PM  

Jessica LeRoux, representing herself, spoke in opposition to the bill.

03:21:41 PM  
Nick Lovuolo, representing himself, spoke in opposition to the bill.
03:25:06 PM  
Mr. Sarkissian returned to the table to respond to questions from the committee.
03:28:06 PM  

Jim Burack, Marijuana Enforcement Division, responded to questions from the committee.

03:31:26 PM  
Senator Neville asked to lay the bill over. The chair called for a recess.
03:36:28 PM  
Senator Tate announced that the bill is laid over for action until February 5, 2018.






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