Update: 10 Year Analysis Complete for House Bill 1581
Office of the Governor / Office of Financial Management sent this bulletin at 03/01/2023 06:01 PM PST
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UPDATE: The 10 year analysis for HB 1581, titled AN ACT Relating to establishing a Washington state cannabis commission, 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 |
Cannabis producer agricultural commodity assessment |
Cannabis producer/processor agricultural commodity assessment |
Total |
|
|
|
||||
|
2024 |
$42,677 |
$429,067 |
$471,744 |
|
|
2025 |
$64,016 |
$643,600 |
$707,616 |
|
|
2026 |
$64,016 |
$643,600 |
$707,616 |
|
|
2027 |
$64,016 |
$643,600 |
$707,616 |
|
|
2028 |
$64,016 |
$643,600 |
$707,616 |
|
|
2029 |
$64,016 |
$643,600 |
$707,616 |
|
|
2030 |
$64,016 |
$643,600 |
$707,616 |
|
|
2031 |
$64,016 |
$643,600 |
$707,616 |
|
|
2032 |
$64,016 |
$643,600 |
$707,616 |
|
|
2033 |
$64,016 |
$643,600 |
$707,616 |
|
|
|
||||
|
Total: |
$618,821 |
$6,221,467 |
$6,840,288 |
|
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
Representative Shelley Kloba
Democrat
(360) 786-7900
shelley.kloba@leg.wa.gov
Representative Kristine Reeves
Democrat
(360) 786-7830
kristine.reeves@leg.wa.gov
Representative Alex Ramel
Democrat
(360) 786-7970
alex.ramel@leg.wa.gov
Legislative Bill Information Website:
http://apps.leg.wa.gov/billinfo/
Initiative 960 Website: http://www.ofm.wa.gov/tax/default.asp