h_fin_2017a_2017-05-01t13:39:33z5 Hearing Summary

Date: 05/01/2017

Location: LSB A

04:41 PM -- SB17-192



Representative Singer, co-prime sponsors, presented Senate Bill 17-192. The reengrossed bill allows for a single-instance transfer of retail marijuana and retail marijuana products from a retail marijuana licensee to a medical marijuana licensee, changes the provisions for calculating the average market rate, and creates a contract price to use when calculating excise taxes between unaffiliated retail marijuana businesses. Representative Singer distributed amendment L.022 (Attachment D).



17HouseFin0501AttachD.pdf



04:44 PM -- Mr. Mike Rausch, representing LiveWell Enlightened Health, testified in support of the bill and responded to questions from the committee.



04:49 PM -- Mr. John Vecchiarelli, representing the Department of Revenue, responded to questions from the committee.



04:54 PM -- Mr. Dan Anglin, representing C4, testified in support of the bill and responded to questions from the committee. Mr. Vecchiarelli also responded to committee questions. Mr. Kammerzell, Department of Revenue, came to the table to address additional questions from the committee.





05:15 PM



Mr. Anglin and Mr. Kammerzell continued to answer committee questions.



05:30 PM -- Ms. Kathy Otis, representing Pueblo West, testified in support of the bill with amendment L.022.



05:32 PM -- Mr. Eric Bergman, representing Colorado Counties, Inc., testified in support of the bill with amendment L.022. Mr. Bergman responded to questions from the committee.

05:37 PM



The committee discussed potential second reading amendments. The bill sponsors made closing remarks on the bill.