| Notice Filed with SOS |
03/31/2016 |
| Rule |
ProposedRuleAttach2016-00162.doc |
| Additional Information |
AddInfoAttach2016-00162.doc |
| Statutory Authority |
§ 39-21-112(1), § 39-28.8-101, § 39-28.8-302, and § 39-28.8-308, C.R.S. |
| Description of Subjects/Issues |
The purpose of the amendments to this rule is to create new categories upon which the Department will calculate an average market rate for the sale or transfer of retail marijuana wet whole plants and seeds. With the addition of a wet whole plant category, the rule makes clear that the excise tax is based on the condition of the retail marijuana when sold or transferred. For example, when using the wet whole plant category, the retail marijuana cultivation facility may not subsequently dry and sell separately the bud and trim. The plant must be in a wet whole plant form when selling or transferring in order to pay excise tax at that rate. |
| Purpose/Objective of Rule |
The purpose of the amendments to this rule is to create new categories upon which the Department will calculate an average market rate for the sale or transfer of retail marijuana wet whole plants and seeds. |
| Basis And Purpose |
BasisAndPurposeAttachment2016-00162.doc
|
| Submitted in response to issues raised by COLS/OLLS? |
No
|
| Is this rule adopted in response to recent legislation? |
No
|
| Hearing Date |
05/02/2016 |
| Hearing Time |
09:00 AM |
| Hearing Location |
1375 Sherman St., Room 127, Denver, CO 80261 |
| Contact Name |
Rick Miller |
| Contact Title |
Admin III |
| Contact Telephone |
303-205-8211 x6880 |
| Contact email |
rick.miller@state.co.us |