SB 17-111

Senate Bill 17-111, also known as "Medical Marijuana Inventory Shortfall Fixes," changes how medical marijuana centers can manage their inventory. Currently, these centers are required to grow most of the marijuana they sell but can buy up to 30% from other licensed sellers. The bill removes this 30% limit and allows the state licensing authority to set a new limit through rules, ensuring it’s not lower than 30%. Additionally, if two medical marijuana centers share the same owner, they can transfer marijuana between each other without counting towards any inventory limits. The bill has been signed into law, meaning these changes are now in effect and will impact how medical marijuana centers operate in Colorado.

Official Summary

The medical marijuana system is a vertically integrated regulatory scheme, meaning a medical marijuana center must grow the marijuana that it sells. There is one exception to the vertically integrated market: A medical marijuana center can sell to or buy from other medical marijuana licensees up to 30% of its inventory. The bill eliminates the statutory limit and requires the limit to be set in rule by the state licensing authority as long as it is not set below 30%. The bill states that a medical marijuana center may transfer medical marijuana to another medical marijuana licensee if the licensees have a common owner without the medical marijuana counting towards the limit set in rule. (Note: This summary applies to the reengrossed version of this bill as introduced in the second house.)

Votes