Colorado Revised Statutes Title 44. Activities Regulated by the Department of Revenue § 44-10-803. Fees

(2)(a) Except as provided in subsection (1) of this section, the state licensing authority shall not set the initial application fee for a retail marijuana business to exceed five thousand dollars. The state licensing authority shall set the application fee for a retail marijuana business to offset the direct and indirect costs of regulating retail marijuana businesses. The state licensing authority shall transfer half of the fee to the marijuana cash fund and remit half of the fee to the local jurisdiction where the license is proposed to be issued. If the state licensing authority changes the application fee amount, the state licensing authority shall confer with the local jurisdictions and the fee must be split evenly between the marijuana cash fund and the local jurisdiction where a license is proposed to be issued.

(b) The state licensing authority may annually adjust for inflation or deflation the limit, established in subsection (2)(a) of this section, on the application fee for a retail marijuana business. The state licensing authority may round the adjusted amount upward or downward to the nearest dollar. Inflation or deflation is measured by the annual percentage change in the United States department of labor's bureau of labor statistics consumer price index, or a successor index, for Denver-Aurora-Lakewood for all items paid by urban consumers.