Gov. Signs Marijuana Bills Into Law

By: KKTV/AP
By: KKTV/AP
Governor Hickenlooper signed a number of bills to regulate and tax legal marijuana in the state of Colorado Tuesday.

Credit: AP

Marijuana and Hemp Bills Signed Into Law
SB 13-241 Industrial Hemp Growers Registration DOA
Concerning the creation of a program in the Dept. of Agriculture to regulate industrial hemp production & making an appropriation.
SB 13-283 Implement Amendment 64 Concensus Reccomendations Concerning implementation of Amendment 64 and making and reducing an appropriation.
HB 13-1042 State Income Tax Deduction Disallowed by IRC 280E Concerning a state income tax deduction for a taxpayer who is prohibited from claiming a federal income tax deduction by section 280e of the internal revenue code because marijuana is a controlled substance under federal law and making an appropriation.
HB 13-1238 Transfer Funds For Med Marijuana Enforcement Concerning funding issues related to medical marijuana.
HB 13-1317 Implement Amendment 64 Majority Reccomendation Concerning the recommendations made in the public process for the purpose of implementing retail marijuana legalized by section 16 of article XVIII of the Colorado Constitution and making an appropriation.
HB 13-1318 Retail Marijuana Taxes Concerning the recommendations made in the public process for the purpose of implementing certain state taxes on retail marijuana legalized by section 16 of article XVIII of the Colorado Constitution and making an appropriation.
HB 13-1325 Inferences For Marijuana and Driving Offenses Concerning penalties for persons who drive while under the influence of alcohol or drugs and making an appropriation.

 

Governor Hickenlooper signed into law a number of bills to regulate and tax legal marijuana in the state of Colorado Tuesday.

A signing ceremony was held Tuesday morning, during which the governor signed six measures related to marijuana and hemp.

The bills are the first in U.S. history to establish a regulated marijuana market for adults. The four measures were approved by the General Assembly on May 8 in accordance with Amendment 64, a ballot measure approved by 55 percent of Colorado voters last November.

The new laws will dictate how marijuana should be grown, packaged and sold.

One of those will send to voters the question of taxing pot at least 25 percent (10 percent of that is sales tax, the remainder is an excise tax), with proceeds going to school construction and the cost of regulating pot. Voters will have the choice to approve the tax this November.

Hickenlooper also signed the bill creating a new driving limit for marijuana as an analogy to the blood alcohol limit.

Another bill signed by the governor Tuesday addresses a tax problem faced by marijuana businesses, allowing them to claim certain business deductions at the state level even though their businesses violate federal law.

The governor also took steps towards legalizing the industrial production of hemp by a signing a bill that, according to a release from his office, would create a program in the Department of Agriculture to regulate production.

The governor said he believes the federal government will soon respond to the fact that Colorado and Washington state are in violation of federal drug law. But Hickenlooper didn't have a specific idea when.


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