HB 18-1101 Summary

• Changes the budget year referenced for marijuana tax appropriations from 2018-19 to 2019-20 and all subsequent budget years.

• Allows the General Assembly discretionary authority to appropriate all or any portion of gross retail marijuana sales tax proceeds transferred to the state public school fund, rather than requiring mandatory appropriation.

• Specifies that appropriated marijuana tax revenue must come from proceeds transferred during the prior budget year and be used to meet the state's share of total program funding for school districts and institute charter schools.

• Includes a safety clause declaring the act necessary for immediate preservation of public peace, health, and safety.