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WA SB5403
Bill
Status
Passed
5/12/2025
Primary Sponsor
Rebecca Saldana
Click for details
AI Summary
- Individual cannabis retail licensees and all persons/entities with financial or ownership interest are limited to holding a collective maximum of five retail cannabis licenses
- Retail licensees may not enter management agreements or other arrangements that confer a financial interest across more than five retail cannabis licenses
- "Financial interest" includes sharing profits/revenue, coordinated cannabis product purchasing/pricing, common use of branding/intellectual property, operational control or support, shared marketing/advertising, and coordinated employment/hiring decisions
- The restrictions apply retroactively to existing agreements and prospectively to agreements entered or renewed on or after the effective date
- Effective date: January 1, 2026
Legislative Description
Revised for engrossed: Limiting financial interest agreements for licensed cannabis retailers.
Last Action
Effective date 1/1/2026.
5/12/2025
Committee Referrals
Rules4/2/2025
Consumer Protection & Business3/14/2025
Rules2/21/2025
Labor & Commerce1/21/2025
Full Bill Text
No bill text available