This bill introduces a new section to chapter 69.50 RCW, which mandates the collection of data on cannabis products sold in Washington state starting December 1, 2024. The data to be collected includes the sales volume of usable cannabis, cannabis concentrates, and cannabis-infused products, as well as the average THC concentration in these products. Additionally, the bill requires the board to submit a report by November 14, 2025, detailing the collected information.

Furthermore, the bill directs the board to develop a recommended approach for modifying the cannabis excise tax, ensuring that any proposed changes are revenue neutral and impose higher taxes on products with higher THC concentrations. A report on these recommendations is due by September 18, 2026. The section established by this bill will expire on December 31, 2026.