CO HB1186

Creates a new "malt liquor store license" allowing convenience stores (retail businesses under 5,000 square feet) to sell malt liquors, while still restricting them from selling wine or spirits.

Defines "convenience store" as a retail business under 5,000 square feet that provides quick purchases of food, beverages, or gasoline but does not have a pharmacy.

Sets annual license fees of $150 for premises within municipal limits and $250 for premises outside municipal limits, with 85% of fees going to the state's Old Age Pension Fund.

Requires the Department of Revenue to conduct a statewide study by July 1, 2015, analyzing the costs, benefits, and effectiveness of the malt liquor store licensing program, with a report due by July 1, 2016.

Allows retail liquor stores under 5,000 square feet to sell nonperishable food items, expanding what these stores can offer beyond liquor-related products.