SB 25-268: Changes to Money in the Marijuana Tax Cash Fund

Official summary

Abstract published by the legislature (via Open States). Text as published by the legislature; reproduced verbatim.

For state fiscal years commencing on or after July 1, 2025, the act repeals the requirement that the general assembly annually appropriate $3 million from the marijuana tax cash fund (fund) to the board of regents of the university of Colorado for the implementation of the medication-assisted treatment expansion pilot program (program) but allows the general assembly to choose to appropriate money for the implementation of the program. Accordingly, the cash funds appropriation from the fund made in the general appropriation act for the 2025-26 state fiscal year for this purpose is decreased by $3 million. The act also repeals the requirement that the state treasurer transfer $20 million from the fund to the public school capital construction assistance fund on June 1, 2026. Finally, beginning July 1, 2025, the act changes the apportionment of the proceeds collected from the retail marijuana sales tax (tax revenue) between the state and local governments so that local governments receive 3.5% rather than 10% of the tax revenue and the state retains 96.5% rather than 90% of the tax revenue. The 6.5% increase of the tax revenue that the state retains is apportioned to the fund. On or after November 1, 2027, but before April 1, 2028, the joint budget committee is required to review the percentage of the tax revenue that is allocated to local governments to determine whether the percentage continues to be appropriate and recommend any necessary modifications to the general assembly. (Note: This summary applies to this bill as enacted.)

Sponsors

Sponsors by party (alphabetical): Democratic 4 · Republican 2

“Support” is shown only as formal sponsorship recorded by the legislature. Roll-call votes are available on the official bill page.

Recent official actions

1. June 3, 2025Governor Signed
2. May 6, 2025Signed by the President of the Senate
3. May 6, 2025Sent to the Governor
4. May 6, 2025Signed by the Speaker of the House
5. April 24, 2025Senate Consideration of First Conference Committee Report result was to Adopt Committee Report - Repass
6. April 23, 2025House Consideration of First Conference Committee Report result was to Adopt Committee Report - Not Repass
7. April 23, 2025House Consideration of First Conference Committee Report result was to Reconsider - CCR produced
8. April 23, 2025House Consideration of First Conference Committee Report result was to Adopt Committee Report - Repass
9. April 11, 2025Senate Considered House Amendments - Result was to Not Concur - Request Conference Committee
10. April 10, 2025House Third Reading Passed - No Amendments
11. April 9, 2025House Second Reading Special Order - Passed with Amendments - Floor
12. April 8, 2025House Committee on Appropriations Refer Amended to House Committee of the Whole

Showing 12 most recent of 17 actions. Full history