The bill amends RCW 69.50.540 to increase the distribution of cannabis revenue to local governments in Washington State. It specifies annual appropriations for various health and education programs, including $12.5 million for administration, $11 million for health education programs, and $3 million for cannabis social equity grants. Additionally, it outlines the distribution of remaining funds, with a focus on supporting local jurisdictions where licensed cannabis retailers operate. The bill introduces new percentages for revenue distribution to counties, cities, and towns, increasing from 1.5% to 2% for fiscal year 2026, and gradually rising to 4% by fiscal year 2030.

Furthermore, the bill adjusts the distribution percentages for local governments and the state general fund, with specific increases outlined for future fiscal years. For example, the distribution to local governments will rise to 3.5% by fiscal year 2029, while the state general fund's share will decrease to 27% by fiscal year 2030. The bill also mandates that the Washington State Board provide annual distribution amounts to the state treasurer and ensures that funds are allocated in a timely manner to support local jurisdictions that permit cannabis-related businesses.

Statutes affected:
Original Bill: 69.50.540