ColoradoChanges to Money in the Marijuana Tax Cash Fund
What it does
For state fiscal years commencing on or after July 1, 2025, the act repeals the requirement that the general assembly annually appropriate $3 million from the marijuana tax cash fund (fund) to the board of regents of the university of Colorado for the implementation of the medication-assisted treatment expansion pilot program (program) but allows the general assembly to choose to appropriate money for the implementation of the program. Accordingly, the cash funds appropriation from the fund made in the general appropriation act for the 2025-26 state fiscal year for this purpose is decreased by $3 million.
More detail
The act also repeals the requirement that the state treasurer transfer $20 million from the fund to the public school capital construction assistance fund on June 1, 2026.
Finally, beginning July 1, 2025, the act changes the apportionment of the proceeds collected from the retail marijuana sales tax (tax revenue) between the state and local governments so that local governments receive 3.5% rather than 10% of the tax revenue and the state retains 96.5% rather than 90% of the tax revenue. The 6.5% increase of the tax revenue that the state retains is apportioned to the fund. On or after November 1, 2027, but before April 1, 2028, the joint budget committee is required to review the percentage of the tax revenue that is allocated to local governments to determine whether the percentage continues to be appropriate and recommend any necessary modifications to the general assembly. (Note: This summary applies to this bill as enacted.)
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Where it stands
- Introduced
- Passed Senate
- Passed House
- To Governor
- Became Law
Looking ahead
No hearings or votes scheduled.
History
- 2025
- Jun 3Governor Jared Polis SignedBecame Law
- May 6Signed by the President of the Senate
- May 6Sent to the GovernorTo Governor
- May 6Signed by the Speaker of the House
- 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 23House Consideration of First Conference Committee Report result was to Adopt Committee Report - Not Repass
- Vote recorded ADOPT. Result: pass.Lower
- Vote recorded REPASS. Result: fail.Lower
- Vote recorded REPASS. Result: pass.Lower
- Vote recorded RECON. Result: pass.Lower
- Apr 23House Consideration of First Conference Committee Report result was to Reconsider - CCR produced
- Apr 23House Consideration of First Conference Committee Report result was to Adopt Committee Report - Repass
- Apr 15
- Vote recorded BYD SCP. Result: pass.Lower
- Apr 11Senate Considered House Amendments - Result was to Not Concur - Request Conference Committee
- Vote recorded NOT CONCUR APPT CC. Result: pass.Upper
- Apr 10House Third Reading Passed - No AmendmentsPassed House
- Vote recorded BILL. Result: pass.Lower
- Apr 9House Second Reading Special Order - Passed with Amendments - Floor
- Vote recorded AMD. Result: fail.Lower
- Apr 8House Committee on Appropriations Refer Amended to House Committee of the WholeMinor
- Apr 3Senate Third Reading Passed - No AmendmentsPassed Senate
- Vote recorded BILL. Result: pass.Upper
- Apr 3Introduced In House - Assigned to AppropriationsMinor
- Apr 2Senate Second Reading Special Order - Passed with Amendments - Floor
- Apr 1Senate Committee on Appropriations Refer Unamended to Senate Committee of the WholeMinor
- Mar 31Introduced In Senate - Assigned to AppropriationsIntroduced