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 and submit a report to the governor and legislature by December 1, 2025. The evaluation will include public feedback and an analysis of factors that hinder the success of cannabis businesses under the program. Additionally, the bill extends the cannabis social equity program for two more years, until July 1, 2034, and removes restrictions on grant issuance to qualifying cannabis licensees.

Key amendments to existing laws include the extension of the timeline for issuing cannabis licenses and grants, as well as the establishment of criteria for social equity applicants. The bill allows for the issuance of cannabis licenses to applicants who meet specific social equity criteria, including ownership by individuals from disproportionately impacted areas. It also introduces a technical assistance grant program to support social equity applicants and licensees, focusing on various forms of business support and mentorship. The bill emphasizes the importance of public input and aims to address barriers faced by cannabis businesses in the social equity program.

Statutes affected:
Original Bill: 69.50.335
Substitute Bill: 69.50.335
Engrossed Substitute: 69.50.335, 43.330.540