WA HB2075

Cannabis products with THC concentration of 35% or less remain taxed at 37% of selling price, including concentrates, useable cannabis, and cannabis-infused products

Cannabis concentrates and useable cannabis with THC concentration greater than 35% face a new higher excise tax of 50% of selling price

Medical cannabis patients with recognition cards remain exempt from the excise tax until June 30, 2029, when purchasing compliant products from endorsed retailers

Excise tax revenues continue to be deposited daily into the dedicated cannabis account, separate from general state and local sales taxes

Removes previous legislative reporting requirements regarding cannabis tax impacts and market comparisons