CO SB147

Establishes minimum standards and labeling requirements for kratom products, including manufacturer identity, full ingredient lists, serving sizes, and alkaloid content information on labels or accessible via QR code or website.

Requires kratom processors to register products with the Department of Revenue and provide a third-party laboratory certificate of analysis before selling, with initial and annual renewal fees determined by the executive director.

Prohibits sale of kratom products adulterated with fentanyl or controlled substances, containing harmful ingredients, exceeding 1% 7-hydroxymitragynine in alkaloid fraction, or containing synthetic alkaloids.

Requires processors to notify the Department of Revenue of adverse event reports submitted to the FDA and allows the department to require third-party testing at the processor's expense if there is reasonable basis to believe a product violates standards.

Creates the Kratom Consumer Protection Cash Fund from registration fees and penalties, with violations subject to fines up to $500 for first offense and $1,000 for subsequent offenses; effective July 1, 2024.