Bill > SB268

This bill modifies several aspects of marijuana tax revenue allocation and distribution in Colorado. Specifically, the bill changes funding for a medication-assisted treatment (MAT) expansion pilot program, reducing guaranteed annual appropriations from the marijuana tax cash fund to $3 million per year only until fiscal year 2025-26, after which future appropriations will be at the general assembly's discretion. The bill also adjusts transfers from the marijuana tax cash fund to the public school capital construction assistance fund, reducing the transfer from $70 million to $50 million. Additionally, the bill modifies the percentage of retail marijuana sales tax revenue allocated to local governments, decreasing it from 10% to 3.5% after July 1, 2025, and revises how remaining tax revenues are distributed among the general fund, marijuana tax cash fund, state public school fund, and a marijuana cash fund. The bill includes a provision for the Joint Budget Committee to review the local government allocation percentage in late 2027 and recommend potential modifications. These changes aim to adjust marijuana tax revenue distributions to align with evolving state budgetary needs and priorities.