Bill > SB031

This bill amends Colorado law to allow for the lawful use of prescription drug products containing a Schedule I controlled substance, provided these products are approved for prescription use by the federal Food and Drug Administration (FDA) and have been designated or rescheduled by the federal Drug Enforcement Administration (DEA) to a schedule other than Schedule I, or are otherwise exempt under federal regulations. The bill specifies that such prescription drug products must be dispensed by a pharmacy or outlet registered in Colorado, administered by an authorized practitioner, and possessed only by individuals legally permitted to possess controlled substances. Importantly, the bill clarifies that the state's control of these prescription drug products will automatically align with their federal designation or rescheduling by the DEA, and it explicitly excludes natural medicines, natural medicine products, and marijuana or marijuana concentrates from these provisions, ensuring that existing regulations for those substances remain unaffected.