CO SB268

Ends the mandatory $3 million annual appropriation from the marijuana tax cash fund to the University of Colorado's MAT (Medication-Assisted Treatment) expansion pilot program after FY 2024-25, making future funding discretionary

Reduces local governments' share of retail marijuana sales tax revenue from 10% to 3.5% starting July 1, 2025

Cancels a planned $20 million transfer to the public school capital construction assistance fund that was scheduled for June 1, 2026

Establishes new distribution percentages for retail marijuana sales tax revenue effective July 1, 2025: 72.2% to the marijuana tax cash fund, 11.74% to the state public school fund, and 1.55% to the marijuana cash fund

Requires the Joint Budget Committee to review the local government allocation percentage between November 1, 2027 and April 1, 2028 and recommend any necessary modifications