HB 13-1317 Summary

• Implements retail marijuana legalization approved by voters under Amendment 64 (Section 16 of Article XVIII of the Colorado Constitution) by creating the Colorado Retail Marijuana Code

• Establishes state licensing authority within the Department of Revenue to regulate and license retail marijuana cultivation facilities, manufacturing facilities, testing facilities, and retail stores with regulations to be adopted by July 1, 2013

• Creates a marijuana cash fund to be funded by application fees, licensing fees, excise taxes, and sales taxes, with revenues appropriated to the Department of Revenue, local jurisdictions, criminal justice programs, and public health monitoring efforts

• Allows existing medical marijuana licensees to convert to retail licenses starting October 1, 2013, with retail licenses effective January 1, 2014; permits local jurisdictions to impose additional restrictions and operating fees

• Prohibits retail marijuana sales to persons under 21 years old, limits individual transactions to one-quarter ounce, requires rigorous product testing and labeling, and establishes penalties including fines and license revocation for violations