The bill aims to extend and evaluate the cannabis social equity program in Washington State, with a focus on improving its implementation and efficiency. It mandates the liquor and cannabis board, in consultation with the department of commerce, to conduct a comprehensive evaluation of the program by December 1, 2025. This evaluation will include public feedback, an analysis of the first round of licensing and grant awards, and identification of barriers to the success of cannabis businesses under the program. The bill also extends the cannabis social equity program until July 1, 2034, allowing for additional licensing opportunities and adjustments based on demographic data.

Key amendments to existing law include the prohibition of new license applications under the cannabis social equity program until June 30, 2026, to facilitate the evaluation process. The bill also modifies the timeline for issuing cannabis licenses, extending the period for issuing licenses and waiving annual fees through July 1, 2034. Additionally, it defines "disproportionately impacted areas" and "social equity applicants," establishing criteria for eligibility and goals aimed at increasing the representation of social equity applicants in the cannabis industry. The act is declared an emergency measure, taking effect immediately to support public health and safety.

Statutes affected:
Original Bill: 69.50.335