Notice of Completion: The 10 Year Analysis for House Bill 1667 is Complete

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UPDATE: The 10 year analysis for HB 1667, titled AN ACT Relating to ownership of cannabis-related businesses, has been completed. 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:

Liquor and Cannabis Board:

This bill would require that the Washington state Liquor and Cannabis Board ("Board") must by rule establish an additional application fee for cannabis license applicants who are business entities or nonprofit entities. The fee must be in an amount sufficient to offset the additional investigative and administrative costs associated with the licensure of such entities and is in addition to any other application or licensing fee imposed under this chapter. The additional application fee in this bill applies to applications to add an owner to an existing license as well as to applications for new producer, processor, and retailer licenses. Nothing in this bill requires the board to accept applications for new producer, processor, or retailer licenses.

The cash receipt impact from the additional application fee is unknown as the bill does not require the board to accept applications, and it is unknown what the additional fee would be for these applications.

Ten-year projection prepared in consultation with the following agencies:

Liquor and Cannabis Board


Bill sponsors and contact information:

Representative Sharon Wylie, Prime Sponsor
Democrat
(360) 786-7924
Sharon.Wylie@leg.wa.gov




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

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