Senate Bill 18-271 – “Improved Funding For Marijuana Research”

Concerning changes to improve funding for marijuana research, and, in connection therewith, making an appropriation.

Summary:

Subject to rules of the marijuana enforcement division, the bill authorizes:

  • Marijuana research and development licensees and marijuana research and development cultivation licensees (research licensees) to transfer unused marijuana within the regulated marijuana industry; and
  • Research licensees to be co-located at the premises of a medical marijuana-infused products manufacturer or a retail marijuana products manufacturer.

The general appropriations bill transferred $3 million from the marijuana tax cash fund to the health research subaccount of the medical marijuana program cash fund (subaccount). The bill strikes the limitation of the amount of transfers to the subaccount and extends the repeal of the medical marijuana program cash fund until September 1, 2023. The bill authorizes $100,000 to be spent annually from the subaccount for administrative purposes related to the medical marijuana research grant program.

The bill appropriates $10,656 from the marijuana tax cash fund to the department of revenue to purchase legal services related to the bill.

Sponsors:

Senator Vicki Marble | Representative Dan Pabon

Signed on May 30th 2018 By: Crisanta Duran (Speaker of The House of Representatives) ; Kevin J. Grantham (President of The Senate) ; Marilyn Eddins (Chief Clerk of The House of Representatives) ; Effie Ameen (Secretary of The Senate) ; John W. Hickenlooper (Governor of The State of Colorado)

Paid for by Marble for House District 49.
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