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Senate adopts conference report on marijuana entrepreneur fund after close floor fight over general-fund transfers
Summary
The Senate narrowly adopted the first conference committee report and then repassed House Bill 12-09, authorizing two $300,000 general-fund transfers to the marijuana entrepreneur fund. Supporters said the funding supports social-equity entrepreneurs; opponents said general-fund transfers set a bad precedent given budget pressures.
The Colorado Senate adopted the first conference committee report on House Bill 12-09 and then repassed the bill after extended floor debate about funding the marijuana entrepreneur fund.
The conference report requires the state treasurer to transfer $300,000 from the general fund to the marijuana entrepreneur fund on July 1, 2025, and again on July 1, 2026. Supporters argued the funding preserves a program that provides support to social-equity cannabis entrepreneurs; opponents and several budget-panel senators said the transfers should not be carried with…
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