Notice of Public Hearing of Senate Bill 5985

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SB 5985, titled AN ACT Relating to provisions impacting marijuana business licensees, has been scheduled for a public hearing by the Senate Committee on Labor & Commerce.

Date and Time: 04/01/2019 10:00AM (Subject to change by the Legislature.)
Location: J.A. Cherberg Building, Senate Hearing Rm 1, Olympia, WA

The Office of Financial Management has identified this bill as requiring a ten-year projection of increased cost to the taxpayers or affected fee payers.

Ten-year projection:

This bill would allow a "natural person" to hold more than 10% interest in a marijuana license, as long as they possess the same qualifications as the licensee.  If a licensee has a labor peace agreement in effect, a person who is not required to qualify for, or be named on the license is not required to be a resident of this state.  If no labor peace agreement is in effect, all natural persons who own any interest in the entity are required to be a resident of this state.

Section 8 of this bill requires that the Board charge an additional $1,000 fee on each "additional" producer, processor, or retailer license allowed under Section 4 of the bill.  The Board does not have an assumption as to how many licenses would fall under this category, so any revenue from these licenses is indeterminate.

The Board may charge additional licensing fees to recover additional costs incurred in investigating nonresidents associated with a marijuana license application or renewal, but it is unknown what, if any fees, the Board would charge.

Bill sponsors and contact information:

Senator Rebecca Saldaña, Prime Sponsor
Democrat
(360) 786-7688
Rebecca.Saldana@leg.wa.gov

Senator Ann Rivers
Republican
(360) 786-7634
Ann.Rivers@leg.wa.gov

Senator Guy Palumbo
Democrat
(360) 786-7600
Guy.Palumbo@leg.wa.gov


Senate Committee on Labor & Commerce members and contact information:

Senator John Braun
Republican
(360) 786-7638
John.Braun@leg.wa.gov

Senator Steve Conway
Democrat
(360) 786-7656
Steve.Conway@leg.wa.gov

Senator Bob Hasegawa
Democrat
(360) 786-7616
Bob.Hasegawa@leg.wa.gov

Senator Karen Keiser
Democrat
(360) 786-7664
Karen.Keiser@leg.wa.gov

Senator Curtis King
Republican
(360) 786-7626
Curtis.King@leg.wa.gov

Senator Patty Kuderer
Democrat
(360) 786-7694
Patty.Kuderer@leg.wa.gov

Senator Rebecca Saldaña
Democrat
(360) 786-7688
Rebecca.Saldana@leg.wa.gov

Senator Maureen Walsh
Republican
(360) 786-7630
Maureen.Walsh@leg.wa.gov

Senator Lisa Wellman
Democrat
(360) 786-7641
Lisa.Wellman@leg.wa.gov

Senator Lynda Wilson
Republican
(360) 786-7632
Lynda.Wilson@leg.wa.gov



Legislative Bill Information Website: http://apps.leg.wa.gov/billinfo/

Initiative 960 Website: http://www.ofm.wa.gov/tax/default.asp