The bill amends RCW 69.50.325 to establish and regulate cannabis producer, processor, and retailer licenses in Washington State. It specifies that each type of license is subject to annual renewal and outlines the fees associated with obtaining and renewing these licenses. The application fee for each license is set at $250, while the annual renewal fee is established at $1,781. The bill also mandates that a separate license is required for each location where cannabis is produced, processed, or sold.

Additionally, the bill introduces a new provision regarding the forfeiture of cannabis retailer licenses. It stipulates that a retailer's license may be forfeited if the business is not fully operational within 24 calendar months of issuance, with certain exceptions for circumstances beyond the licensee's control. The bill also clarifies that no license can be forfeited within the first nine months of issuance. Furthermore, it restricts individuals and entities from holding more than five retail cannabis licenses collectively and outlines various forms of financial interests that cannot be shared across multiple licenses.

Statutes affected:
Original bill: 69.50.325
Engrossed bill: 69.50.325
Bill as passed Legislature: 69.50.325
Session law: 69.50.325