Notice of Completion: The 10 Year Analysis for House Bill 2122 is Complete

Office of Financial Management

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UPDATE: The 10 year analysis for HB 2122, titled AN ACT Relating to protecting consumers from untested and unregulated cannabinoid products by expanding agency regulatory authority over cannabinoids that may be impairing, modifying definitions in the uniform controlled substances act, prohibiting the sale of certain cannabinoid products except by licensed cannabis businesses, regulating the use of additives in cannabis products, requiring product testing and disclosures, prohibiting the manufacture and sale of artificial cannabinoids, requirin, 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:

Fiscal
Year

   License Issuance and Renewal Surcharge

 

2022

$0

2023

$258,800

2024

$258,800

2025

$0

2026

$0

2027

$0

2028

$0

2029

$0

2030

$0

2031

$0

 

Total:

$517,600


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

Liquor and Cannabis Board


Bill sponsors and contact information:

Representative Shelley Kloba, Prime Sponsor
Democrat
(564) 888-2377
shelley.kloba@leg.wa.gov

Representative Cindy Ryu
Democrat
(206) 307-0769
cindy.ryu@leg.wa.gov

Representative Lisa Callan
Democrat
(425) 651-2341
CALLAN_LI@leg.wa.gov

Representative Emily Wicks
Democrat
(425) 903-8186
WICKS_EM@leg.wa.gov

Representative Laurie Dolan
Democrat
(360) 786-7940
Laurie.Dolan@leg.wa.gov

Representative Jessica Bateman
Democrat
(360) 545-9513
jessica.bateman@leg.wa.gov




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

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