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April 10, 2024 SB 24-198
Legislative Council Staff
Nonpartisan Services for Colorado’s Legislature
Fiscal Note
Drafting Number:
Prime Sponsors:
LLS 24-0982
Sen. Fenberg;
Michaelson Jenet
Rep. Brown; McCormick
Date:
Bill Status:
Fiscal Analyst:
April 10, 2024
Senate Finance
Kristine McLaughlin | 303-866-4776
kristine.mclaughlin@coleg.gov
Bill Topic: REGULATED NATURAL MEDICINE IMPLEMENTATION
Summary of
Fiscal Impact:
☐ State Revenue
☒ State Expenditure
☐ State Transfer
☐ TABOR Refund
☐ Local Government
☐ Statutory Public Entity
The bill requires the Department of Regulatory Agencies to regulate natural medicine
facilitators educational programs and makes other clarifications to the regulation of
natural medicine. The bill minimally increases state workload on an ongoing basis.
Appropriation
Summary:
No appropriation is required.
Fiscal Note
Status:
This fiscal note reflects the introduced bill. Due to time constraints, this analysis is
preliminary and will be updated following further review and any additional
information received.
Summary of Legislation
Under Natural Medicine Health Act of 2022 the Department of Regulatory Agencies (DORA)
licenses the facilitators of certain natural psychedelics (mainly psilocybin and psilocin, which are
found in certain mushrooms). Under the bill, DORA will also approve educational programs that
prepare individuals for the license. These programs are also exempted from the regulation
placed on private educational schools by the Department of Higher Education (CDHE). The bill
also clarifies language and makes technical adjustments to the regulation of natural medicine.
Background
In 2022, Colorado voters passed Proposition 122, which required DORA to establish a regulatory
frame work for the administration of certain natural psychedelics in licensed facilities and to
decriminalize the use of certain natural psychedelics (psilocybin, psilocin, dimethyltryptamine,
ibogaine, and mescaline excluding peyote). Senate Bill 23-290 modified provisions related to
how state departments regulate natural psychedelics by shifting certain responsibilities to the
Department of Revenue and updated the criminal provisions related to the measure.
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April 10, 2024 SB 24-198
State Expenditures
Starting in FY 2024-25, the bill increases workload within DORA to approving facilitator
educational programs. The fiscal note assumes this workload can be accomplished within
appropriation provided through SB 23-290.
Workload will also minimally increase for the Department of Public Health and Environment and
the Department of Revenue to incorporate the clarifications and technical changes under the bill
into their rules and regulations of natural medicines. No change in appropriations is required.
Effective Date
The bill takes effect upon signature of the Governor, or upon becoming law without his
signature.
State and Local Government Contacts
Higher Education Public Health and Environment Regulatory Agencies
Revenue
The revenue and expenditure impacts in this fiscal note represent changes from current law under the bill for each
fiscal year. For additional information about fiscal notes, please visit the General Assembly website.