Current through Chapter 492 of the 2024 Legislative Session
(1) The state licensing authority may charge and collect fees pursuant to this article 10. For a person licensed to cultivate or sell medical marijuana or to manufacture medical marijuana products on or before December 10, 2012, the application fee for a retail marijuana business is five hundred dollars. The state licensing authority shall transfer two hundred fifty dollars of the fee to the marijuana cash fund and submit two hundred fifty dollars to the local jurisdiction in which the license is proposed to be issued.(2)(a) Except as provided in subsection (1) of this section, the state licensing authority shall not set the initial application fee for a retail marijuana business to exceed five thousand dollars. The state licensing authority shall set the application fee for a retail marijuana business to offset the direct and indirect costs of regulating retail marijuana businesses. The state licensing authority shall transfer half of the fee to the marijuana cash fund and remit half of the fee to the local jurisdiction where the license is proposed to be issued. If the state licensing authority changes the application fee amount, the state licensing authority shall confer with the local jurisdictions and the fee must be split evenly between the marijuana cash fund and the local jurisdiction where a license is proposed to be issued.(b) The state licensing authority may annually adjust for inflation or deflation the limit, established in subsection (2)(a) of this section, on the application fee for a retail marijuana business. The state licensing authority may round the adjusted amount upward or downward to the nearest dollar. Inflation or deflation is measured by the annual percentage change in the United States department of labor's bureau of labor statistics consumer price index, or a successor index, for Denver-Aurora-Lakewood for all items paid by urban consumers.(3) A local jurisdiction in which a license under this article 10 may be permitted may adopt and impose operating fees in an amount determined by the local jurisdiction on marijuana businesses and establishments located within the local jurisdiction.Amended by 2024 Ch. 410,§ 12, eff. 8/7/2024, app. to acts committed on or after 8/7/2024.Renumbered from C.R.S. § 44-12-501 and amended by 2019 Ch. 315, § 5, eff. 1/1/2020.L. 2019: Entire article added with relocations, (SB 19-224), ch. 2928, p. 2928, § 5, effective 1/1/2020.This section is similar to former § 44-12-501 as it existed prior to 2020.
2024 Ch. 410, was passed without a safety clause. See Colo. Const. art. V, § 1(3).