Colorado lawmakers taking second crack at bill that would allow publicly traded marijuana companies
After Hickenlooper vetoed measure, supporters find support from Polis for expanded bill in ’19
Monday, March 4, 2019
A bill that opens the door for out-of-state investors and private equity firms to wade into Colorado’s regulated marijuana business waters passed its first lawmaking hurdle. The Colorado House Finance Committee approved House Bill 1090, titled “Publicly Traded Marijuana Companies” with a handful of amendments, referring it to the House Appropriations Committee. The law would repeal a restriction limiting out-of-state owners with a stake in a local marijuana businesses to 15 individuals (a term that can include corporations), would do away with the requirement that all “passive” owners of marijuana businesses who do not make decisions about the businesses go through initial background checks and allow publicly traded entities to hold marijuana licenses in the state.
