ColoradoState treasurer would direct marijuana tax money to schools and state funds
Starting July 1, 2026, the state treasurer would send specified retail marijuana tax revenue to public schools and marijuana-related state funds.
What it does
Starting July 1, 2026, the state treasurer would keep 14% of retail marijuana tax revenue and send specified shares to marijuana programs and public schools.
Every June 30 starting in 2027, money left in the Marijuana Tax Cash Fund after specified spending and emergency-reserve amounts would go to public schools.
Argument forPublic schools could receive additional money from marijuana tax collections and yearly fund balances, subject to the stated spending and reserve amounts.
Argument againstMarijuana-related state programs could have less money available when yearly fund balances are transferred to public schools after the required reserves are counted.
More detail
Starting July 1, 2026, the state treasurer would keep 14% of gross retail marijuana sales tax revenue in the general fund and transfer specified shares to three state funds. The distribution covers gross retail marijuana sales tax revenue handled under the cited marijuana tax law. The 14% retained in the general fund may be used for any lawful purpose. The treasurer would transfer 73.17% to the Marijuana Tax Cash Fund, 11.33% to the State Public School Fund, and 1.50% to the Marijuana Cash Fund. This distribution would apply on and after July 1, 2026.
Each June 30, the state treasurer would transfer money from the Marijuana Tax Cash Fund to the State Public School Fund after accounting for specified amounts. The rule covers the balance of the Marijuana Tax Cash Fund, including money appropriated from it and money designated for the state emergency reserve. The transfer amount would equal the fund balance minus 15% of the amount the General Assembly appropriated from the fund for that fiscal year. The calculation would also account for any amount designated by the General Assembly for the state emergency reserve. The first transfer would occur June 30, 2027, with another transfer every June 30 after that.
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Where it stands
- Introduced
- Passed House
- Passed Senate
- To Governor
- Became Law
Looking ahead
No hearings or votes scheduled.
History
- 2026
- Jun 4Governor Jared Polis SignedBecame Law
- Jun 3Signed by the Speaker of the HouseMajor
- Jun 3Signed by the President of the SenateMajor
- Jun 3Sent to the GovernorTo Governor
- Apr 28House Consideration of First Conference Committee Report result was to Adopt Committee Report - Repass
- Vote recorded REPASS. Result: pass.Lower
- Vote recorded ADOPT. Result: pass.Lower
- Apr 24Senate Consideration of First Conference Committee Report result was to Adopt Committee Report - Repass
- Vote recorded REPASS. Result: pass.Upper
- Vote recorded ADOPT CCR. Result: pass.Upper
- Apr 23
- Vote recorded Adopt the first report of first conference committee on H.B. 26-1409. Result: pass.Lower
- Apr 17House Considered Senate Amendments - Result was to Not Concur - Request Conference Committee
- Vote recorded NOT CNCR. Result: pass.Upper
- Vote recorded NOT CNCR. Result: pass.Lower
- Apr 16Senate Third Reading Passed - No AmendmentsPassed Senate
- Vote recorded BILL. Result: pass.Upper
- Apr 15Senate Second Reading Special Order - Passed with Amendments - Floor
- Apr 14Senate Committee on Appropriations Refer Unamended - Consent Calendar to Senate Committee of the WholeMinor
- Vote recorded Refer House Bill 26-1409 to the Committee of the Whole and with a recommendation that it be placed on the consent calendar. Result: pass.Upper
- Apr 13Introduced In Senate - Assigned to AppropriationsMinor
- Apr 11House Third Reading Passed - No AmendmentsPassed House
- Vote recorded BILL. Result: pass.Lower
- Apr 10House Third Reading Laid Over Daily - No Amendments
- Apr 9House Second Reading Special Order - Passed - No Amendments
- Apr 8House Second Reading Special Order - Laid Over Daily - No Amendments
- Apr 7House Committee on Appropriations Refer Unamended to House Committee of the WholeMinor
- Vote recorded Refer House Bill 26-1409 to the Committee of the Whole. Result: pass.Lower
- Apr 2Introduced In House - Assigned to AppropriationsIntroduced
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