SB15-263: Colorado Marijuana Control Commission

• Creates a Colorado Marijuana Control Commission consisting of 5 members appointed by the governor with senate approval, with required expertise in law enforcement, regulatory law, accounting, business management, and one general member

• Commission members receive $100/day compensation plus expenses, must submit annual financial disclosures, and hold at least monthly meetings beginning July 1, 2016

• Grants the commission full and exclusive authority to promulgate rules and regulations for both medical and retail marijuana without Department of Revenue approval or delegation

• Establishes commission powers including conducting hearings on violations, arranging background checks, issuing and disciplining licenses, and continuously investigating regulatory defects and abuses

• Transfers regulatory authority over medical and retail marijuana licensing from the state licensing authority to the commission, effective July 1, 2016