On April 30, 2012, Rep. Tom Massey and Sen. Irene Aguilar introduced HB 12-1358 – Concerning Funding Issues Related to Medical Marijuana, and, In Connection Therewith, Making an Appropriation. This summary is published here courtesy of the Colorado Bar Association’s e-Legislative Report.

The bill transfers $7.7 million from the medical marijuana program cash fund to the department of revenue for use in the medical marijuana licensing program for fiscal years 2011-12 through 2014-15. Of the $7.7 million, $2 million will be held in a reserve account that cannot be accessed until the first $5.7 million is spent. If any portion of the $2 million is needed for medical marijuana enforcement or licensure, the director of the state licensing authority shall send notice to the state comptroller before spending any of the money in the reserve account. The bill transfers $2 million from the medical marijuana program cash fund to the department of public health and environment, division of prevention services, exclusively for prevention programs in the Tony Grampsas youth services program.

The state licensing authority shall collect both the application and licensing fee at the time of application and will refund the license fee if the applicant is denied a local license or withdraws the application.

The state licensing authority shall post a report on its web site by October 31, 2012, that shows the number of applications received, licenses granted, applications denied, applications withdrawn, and the results of enforcement efforts.

On May 3, the Appropriations Committee amended the bill and moved it to the full Senate for consideration on 2nd Reading. The Senate amended and adopted the bill on the bill on 2nd Reading on Friday, May 4. Today, the House adopted the bill on 3rd Reading on a vote of 43-21-1.

Since this summary, the bill moved through the Senate but the 3rd Reading was laid over until May 10.

Summaries of other featured bills can be found here.