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WA HB2037
Bill
Status
Introduced
3/13/2025
Primary Sponsor
Melanie Morgan
Click for details
AI Summary
- Eliminates Washington's six-month state residency requirement for cannabis license applicants, allowing out-of-state investors to hold ownership interests in licensed cannabis businesses
- Increases annual license fees from $1,381 to $1,657 for cannabis producer, processor, and retailer licenses when any owner does not lawfully reside in Washington
- Grants a five-year business and occupation (B&O) tax exemption to cannabis producers, processors, and retailers licensed through the cannabis social equity program, beginning after they exceed $5,000 in sales revenue
- Extends the five-year B&O tax exemption to subsequent owners who obtain licenses by transfer from social equity licensees, provided the new owners also meet social equity applicant criteria
- Authorizes licensed cannabis producers to form agricultural organizations and associations under state law, treating cannabis as an agricultural product for purposes of collective marketing and processing activities
Legislative Description
Modernizing adult use cannabis laws.
Last Action
By resolution, reintroduced and retained in present status.
1/12/2026
Committee Referrals
Finance3/13/2025
Full Bill Text
No bill text available