DENVER – A bill that would open the door for out-of-state investors and private equity firms to wade into Colorado’s marijuana industry is now in the House Appropriations Committee.
HB19-1090 would repeal a restriction limiting the number of out-of-state direct beneficial owners to 15 individuals and would allow publicly traded corporations to obtain a marijuana license for the first time.
The bill’s prime sponsors are Rep. Matt Gray, Rep. Kevin Van Winkle, Senator Julie Gonzales, and Senator Owen Hill.
Governor Hickenlooper vetoed a similar bill last session but current Governor Jared Polis said he supports the plan.
