Colorado § 24-38.5-117 - Cannabis resource optimization cash fund - creation - gifts, grants, or donations.
Full text of Colorado Colorado Revised Statutes § 24-38.5-117 — Cannabis resource optimization cash fund - creation - gifts, grants, or donations., with citation guidance and answers to common questions.
§ 24-38.5-117. Cannabis resource optimization cash fund - creation - gifts, grants, or donations.
(1) The cannabis resource optimization cash fund, referred to in this section as the "fund", is created in the state treasury. The Colorado energy office shall administer the fund for the purposes of providing assessments financing, grants, credit enhancement offerings, and direct incentives to producers to reduce energy and water use, promote renewable energy, and encourage sustainable practices in cannabis operations. The fund consists of any money that the general assembly may transfer or appropriate to the fund and any gifts, grants, or donations received pursuant to subsection (3) of this section.
(2) (a) The money in the fund is continuously appropriated to the Colorado energy office for the purposes set forth in subsection (1) of this section.
(b) (I) For state fiscal years commencing on or before July 1, 2024, the state treasurer shall credit all interest and income derived from the deposit and investment of money in the fund to the fund.
(II) For state fiscal years commencing on or after July 1, 2025, in accordance with section 24-36-114 (1), the state treasurer shall credit all interest and income derived from the deposit and investment of money in the fund to the general fund.
(III) Repealed.
(3) The Colorado energy office may seek, accept, and expend gifts, grants, or donations from private or public sources.
(4) and (5) Repealed.
Source: L. 2022: Entire section added, (SB 22-193), ch. 300, p. 2146, § 1, effective June 2. L. 2025: (5) added, (SB 25-264), ch. 129, p. 503, § 23, effective April 25; (2) amended, (SB 25-317), ch. 385, p. 2149, § 21, effective June 3.
Editor's note: (1) Subsection (4)(b) provided for the repeal of subsection (4), effective July 1, 2023. (See L. 2022, p. 2146.)
(2) Subsection (2)(b)(III)(B) provided for the repeal of subsection (2)(b)(III), effective July 1, 2026. (See L. 2025, p. 2149.)
(3) Subsection (5)(b) provided for the repeal of subsection (5), effective July 1, 2026. (See L. 2025, p. 503.)
Cross references: For the legislative declaration in SB 25-317, see section 1 of chapter 385, Session Laws of Colorado 2025.
Source: official Colorado text · Last verified 2026-08-27
Frequently Asked Questions About Colorado § 24-38.5-117
What does Colorado Revised Statutes § 24-38.5-117 cover?
Section 24-38.5-117 ("Cannabis resource optimization cash fund - creation - gifts, grants, or donations.") is part of the Colorado Revised Statutes, the codified statutory law of Colorado. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Colorado § 24-38.5-117?
A common citation format is "Colorado Revised Statutes § 24-38.5-117" (Colorado). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Colorado law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Colorado official source linked on this page or consult a licensed Colorado attorney.
How does Colorado § 24-38.5-117 apply to my situation?
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Sources & Verification
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