The bill amends RCW 69.50.535 to provide a tax exemption for medical cannabis patients and their designated providers. Specifically, it introduces a temporary exemption from the cannabis excise tax for sales made by cannabis retailers with a medical cannabis endorsement to qualifying patients or designated providers who possess a recognition card. This exemption applies to cannabis concentrates, usable cannabis, and cannabis-infused products that meet compliance standards set by the department. The exemption is set to last until June 30, 2029, and sellers must maintain records to establish eligibility for the exemption.

Additionally, the bill includes a performance statement for the tax preference, emphasizing the legislature's intent to make medical cannabis products more accessible and affordable for qualifying patients. The joint legislative audit and review committee is tasked with evaluating the impact of this tax preference, including changes in the number of qualifying patients and the sales of tax-exempt products. A report of findings is required to be submitted to the legislature by December 1, 2028.

Statutes affected:
Original Bill: 69.50.535
Substitute Bill: 69.50.535
Bill as Passed Legislature: 69.50.535
Session Law: 69.50.535