§ 44-50-201 — State licensing authority - creation - profiting from licensee

Colorado § 44-50-201

• Jurisdiction: Colorado
• Title 44: Revenue -
• Art.: Colorado Natural Medicine Code

Text

(1)
For the purpose of regulating and licensing the cultivation, manufacturing, testing,
storage, distribution, transport, transfer, and dispensation of natural medicine or
natural medicine product by and between natural medicine licensees in this state,
there is created the state licensing authority, which is the executive director, or the
director of the natural medicine division if designated by the executive director.

(2) The executive director is the chief administrative officer of the state
licensing authority and may employ, pursuant to section 13 of article XII of the state
constitution, such officers and employees as determined to be necessary. The
officers and employees are a part of the department.

(3) The executive director of the state licensing authority or a state licensing
authority employee with regulatory oversight responsibilities for the natural
medicine licensees that are licensed by the state licensing authority shall not work
for, represent, provide consulting services to, or otherwise derive pecuniary gain
from a natural medicine licensee that is licensed by the state licensing authority or
any other business established for the primary purpose of providing services to the
natural medicine industry for a period of six months after the employee's last day of
employment with the state licensing authority.

Legislative History

Source: L. 2023: Entire article added, (SB 23-290), ch. 249, p. 1395, � 21, effective July 1.