CO SB178

Starting January 1, 2023, medical marijuana cultivation facilities may transfer tested medical marijuana to co-located retail marijuana cultivation facilities with shared controlling beneficial owners and change the designation from medical to retail marijuana.

Allows non-co-located transfers between medical and retail facilities if they share identical controlling beneficial owners and the local jurisdiction prohibits co-location of either facility type.

Once marijuana designation is changed to retail in the seed-to-sale tracking system, it becomes retail property that cannot be transferred back to medical facilities or re-designated as medical marijuana.

Retail marijuana cultivation facilities must pay applicable excise taxes under section 39-28.8-302 and notify local licensing authorities in jurisdictions where both facilities operate.

Appropriates $228,510 to the Department of Revenue marijuana enforcement division for 2.9 full-time employees to implement the act, effective July 1, 2022.