Colorado, New Hampshire Send Cannabis Bills To Governors, Illinois’ Social Equity Licenses And Updates From Kansas And Montana
Colorado: Bipartisan Cannabis Bill To Streamline Regulations Heading To Governor
The Colorado General Assembly gave final approval Wednesday to a bipartisan bill aimed at streamlining the state’s marijuana regulations. It is now headed to Gov. Jared Polis for his signature.
Senate Bill 24-076 was sponsored by state Sens. Kevin Van Winkle (R) and Julie Gonzales (D) in the Senate and Rep. William Lindstedt (D) in the House.
Among many provisions, the legislation also allows 1) licensed cannabis operators to export and import genetic material to and from authorized individuals or entities in other states or countries; 2) cannabis business licensees to renew their licenses every two years rather than every year; 3) cannabis retail stores to sell non-marijuana consumable products, such as food and beverages, if those sales account for no more of 20% of their revenue; 4) licensed operators to transfer cannabis for decontamination without triggering the excise tax on wholesale transfers; marijuana businesses located in state-designated enterprise zones to apply for the same tax credit afforded to other legal businesses.
New Hampshire: Senate Sends Cannabis Legalization Bill To Governor
The Senate Judiciary Committee passed Wednesday an amended version of the cannabis legalization bill making it more in line with Governor Chris Sununu’s (R) requirements.
In November, Sununu postponed the cannabis legalization bid with a last-minute ultimatum forcing the commission to end its …