SB 22-178

Senate Bill 22-178, which has been signed into law, allows medical marijuana facilities in Colorado to transfer their products to retail marijuana facilities if they have at least one owner in common. The transferred marijuana can then be sold as regular retail marijuana after the necessary taxes are paid. This change affects both medical and retail marijuana businesses by making it easier for them to switch between designations while ensuring that all applicable taxes are collected. The bill also allocates funds from the state's marijuana cash fund to help cover the costs associated with enforcing these regulations.

Official Summary

The act allows a medical marijuana cultivation facility to transfer medical marijuana, physically or virtually via the seed-to-sale tracking system, to a retail marijuana cultivation facility with at least one of the same owners, and the retail marijuana cultivation facility to receive the marijuana and change the designation of the marijuana from medical to retail. The act clarifies that the retail marijuana cultivation facility is required to pay any retail marijuana excise tax on the transferred marijuana. The act appropriates $228,510 to the department of revenue from the marijuana cash fund for use by the marijuana enforcement division. (Note: This summary applies to this bill as enacted.)

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