Date: 04/29/2015

Final
BILL SUMMARY for HB15-1379

HOUSE COMMITTEE ON FINANCE

Votes: View--> Action Taken:
Refer House Bill 15-1379 to the Committee on ApproPASS



08:37 PM -- HB15-1379
Representative Pabon, sponors, introduced House Bill 15-1379. The bill, as amended by the House Business Affairs and Labor Committee, allows people who are not residents of Colorado to apply to the Marijuana Enforcement Division (MED) in the Department of Revenue (DOR) for the authorization to hold a Permitted Economic Interest (PEI) in a regulated medical or retail marijuana business. Only a natural person who is a lawful United States resident may obtain a PEI, and the interest is limited to an unsecured debt instrument, option agreement, warrant, or any other right to obtain an ownership interest. The MED is required to promulgate rules regarding the PEI by January 1, 2016, including a process for and a requirement to submit to and pass a criminal history record check, divestiture, and other agreements that would qualify as a PEIs. Representative Pabon noted that this bill helps keep cartels out of the retail marijuana industry.

08:40 PM -- Ms. Clare Pramuk, Legislative Council Staff, came to the table to discuss the fiscal note. She discussed the changes made to the bill by the House Business Affairs and Labor Committee and how those changes affect the fiscal impact of the bill. She stated the two full time employees (FTE) discussed in the fiscal note are a compliance investigator and a criminal investigator.
BILL:HB15-1379
TIME: 08:48:21 PM
MOVED:Pabon
MOTION:Refer House Bill 15-1379 to the Committee on Appropriations. The motion passed on a vote of 11-0.
SECONDED:Becker K.
VOTE
Becker K.
Yes
Conti
Yes
Garnett
Yes
Kagan
Yes
Pabon
Yes
Priola
Yes
Roupe
Yes
Van Winkle
Yes
Wilson
Yes
Foote
Yes
Court
Yes
Final YES: 11 NO: 0 EXC: 0 ABS: 0 FINAL ACTION: PASS