BILL · 2019–20 SESSION
HB 2263: Marijuana business access
Expanding opportunities for marijuana businesses by removing residency barriers and providing access to capital for minority and women-owned businesses through a fee on certain investments.
Summary
- Establishes the Marijuana Equity Loan Program (Program) under the Department of Commerce to assist minority and women-owned business enterprises in accessing the marijuana market and expanding existing marijuana businesses.
- Requires the Department to set interest rates and payment terms under the Program with assistance from the newly established Marijuana Equity Advisory Board.
- Eliminates the six-month residency requirement for marijuana licenses.
- Requires the collection of a 1 percent transaction fee on any financial contribution in excess of $500,000 made by an investor or financier to a licensed marijuana business.
- Authorizes out-of-state ownership of licensed marijuana businesses, subject to restrictions.
- Modifies provisions related to the natural persons required to qualify for, or be named on, a marijuana license.
From the House Bill Analysis 2020 (HB 2263), written by the Legislature's nonpartisan staff. Read the full report ↗
Did not pass Did not pass · died in committee
- IntroducedJan 13, 2020
- Out of committeestopped here
- Passed House
- Passed Senate
- Governor
- Law
- Prime sponsor
- Eric Pettigrew (D-37)
- Introduced
- January 13, 2020 in the House
- Last action
- January 13, 2020
- Companion bill
- SB 6085
- Budget
- Has a fiscal note
AN ACT Relating to expanding opportunities for marijuana businesses by removing residency barriers and providing access to capital for minority and women-owned businesses through a fee on certain investments;
Sponsors
Prime sponsor: Eric Pettigrew (D-37)
10 co-sponsors (9 Democrats, 1 Republican)
Votes
No recorded floor votes. This measure never reached a floor vote.
History
- First reading, referred to Commerce & Gaming.
- Prefiled for introduction.
HB 2263 in other sessions
Bill numbers restart every two years, so the same number is a different bill in each session.
- HB 2263 (2025–26) Public counsel
- HB 2263 (2023–24) Assisted living facilities
- HB 2263 (2017–18) Governmental continuity
- HB 2263 (2015–16) Vulnerable people/services
- HB 2263 (2013–14) Political committee chairs
- HB 2263 (2011–12) Child welfare system savings
- HB 2263 (2009–10) Sentencing grid adjustment
- HB 2263 (2007–08) Dishwashing detergent