CO SB045

Requires marijuana license applicants and renewals to provide proof of financial responsibility of at least $100,000 per license for liability coverage of bodily injuries from adulterated marijuana or marijuana-infused products.

Defines "adulterated marijuana" as a product sold as marijuana containing unintended substances, chemicals, or biological matter that causes adverse reactions after ingestion or consumption.

Mandates liability insurance policies that cannot include conditions relieving the insurer from liability and must cover bodily injuries caused by intentional conduct of the licensee, employee, or agent (except if intent to harm is proven).

Requires applicants and licensees to file proof of financial responsibility with state licensing authority attestations signed by an insurance officer, and allows licensees to furnish coverage exceeding minimum requirements.

Authorizes immediate license suspension if a licensee fails to maintain required financial responsibility and requires 30 days' prior written notice and procurement of new coverage before canceling any existing liability insurance policy.