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Bill Detail: HB18-1011

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Title Marijuana Business Allow Publicly Traded Owners
Status House Second Reading Laid Over Daily - No Amendments (04/25/2018)
Bill Subjects
  • Liquor, Tobacco, & Marijuana
House Sponsors D. Pabon (D)
K. Van Winkle (R)
Senate Sponsors C. Jahn (D)
T. Neville (R)
House Committee Finance
Senate Committee
Date Introduced 01/10/2018
Description

The bill redefines the terms direct beneficial interest and
permitted economic interest so that only those who own more than 5%
of the shares of stock in a marijuana business have to go through the
disclosure and background investigations. The bill repeals the provisions
that require limited passive investors to go through an initial background
check. The bill repeals the provisions that limit the number of out-of-state

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