CO SB029

Requires the Institute of Cannabis Research at Colorado State University-Pueblo to develop marijuana tracking technology within 90 days using existing state procurement practices, with the option to consult the National Institute of Standards and Technology.

Technology must include an agent applied to marijuana plants, products, industrial hemp, or hemp products that can be scanned by a device to verify legal cultivation, manufacture, or sale and use distributed ledger technology to store traceable records.

State licensing authority in the Department of Revenue must verify the technology is effective and then promulgate rules requiring licensed marijuana businesses to apply the agent prior to sale or transfer; Department of Agriculture Commissioner must promulgate similar rules for registered industrial hemp cultivators.

Marijuana scanning technology and data collected must be made available to law enforcement and the Department of Revenue at no cost for enforcement purposes.

Expands the gray and black market marijuana enforcement grant program to allow financial assistance to law enforcement agencies to purchase the marijuana scanning technology.