1. (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. (2)

   1. (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.

   2. (b)

      1. (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.
      2. (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.

      3. (III)

         1. (A) On June 30, 2025, the state treasurer shall transfer forty-two thousand three hundred eight dollars from the fund to the general fund.
         2. (B) This subsection (2)(b)(III) is repealed, effective July 1, 2026.
3. (3) The Colorado energy office may seek, accept, and expend gifts, grants, or donations from private or public sources.
4. (4) Repealed.

5. (5)

   1. (a) On July 1, 2025, the state treasurer shall transfer nine hundred thousand dollars from the fund to the general fund.
   2. (b) This subsection (5) is repealed, effective July 1, 2026.

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: Subsection (4)(b) provided for the repeal or subsection (4), effective July 1, 2023. (See L. 2022, p. 2146.)

Cross references: For the legislative declaration in SB 25-317, see section 1 of chapter 385, Session Laws of Colorado 2025.