Notice of Completion: The 10 Year Analysis for Senate Bill 5983 is Complete

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SB 5983, 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 introduced in the Senate. 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:

Section 13 creates a new $25 “license issuance and renewal surcharge” on vapor product retailers (RCW 70.345.030), cigarette retailers (RCW 82.24), and other tobacco product (OTP) retailers (RCW 82.26).  The surcharge does not apply to businesses classified as "supermarkets and other grocery stores" and "convenience stores" as described in the North American industry classification system. The surcharge is only assessed once per licensee, regardless of how many license types they hold and expires July 1, 2024.

Revenue impact is indeterminate as it is unknown how many vapor, cigarette, or OTP licensees fall under the exemption listed in Section 13(4).

Department of Revenue:

The revenue impact of this bill is indeterminate, as it is unknown what share of medical marijuana sales are products containing artificial or synthetically-derived cannabinoids.

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

Department of Revenue
Liquor and Cannabis Board


Bill sponsors and contact information:

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

Senator Mark Schoesler
Republican
(360) 786-7620
mark.schoesler@leg.wa.gov

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

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




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

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