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Repeal Bonding Requirement Marijuana Businesses

Concerning the removal of unreasonably impracticable financial requirements applicable to marijuana businesses that are required to be licensed.

HB16-1041 2016 Regular Session Not stated Liquor, Tobacco, & Marijuana

Cost estimates

At the first note read
Stated in words
FACT January 20, 2016
At the last note read
Stated in words
FACT July 12, 2016
What it actually cost
not published
No Colorado source reports spending for one bill

Every figure here is an estimate by Legislative Council Staff on the date shown, about the version of the bill in front of them that day. It is not a cost.

The appropriation

The note states no appropriation is required.

An appropriation is money the legislature sets aside. It is not money spent.

The appropriation field, read from the note: None.

Bill summary

The act:

  • Declares that, because bonds for medical marijuana businesses and retail marijuana establishments are unavailable in the current marketplace, the requirement to post a bond for the issuance or renewal of a state-issued license makes the operation of medical marijuana businesses and retail marijuana establishments unreasonably impracticable, a result prohibited by Colorado's constitution (section 1 of the act);
  • Repeals the requirement that medical marijuana businesses (sections 2 and 3) and retail marijuana establishments (sections 4 and 5) post a bond to be eligible for the issuance or renewal of a license; and
  • Repeals the requirement that retail marijuana cultivation facilities file a state tax surety bond (section 6).

FACT Bill summary by Colorado Legislative Council Staff, read 2026-09-23. Printed as published, word for word. Source: leg.colorado.gov (opens in a new tab)