Notice of Introduction for Senate Bill 5546 - Update: 10 Year Analysis Complete

Office of Financial Management

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SB 5546, titled AN ACT Relating to establishing a Washington state cannabis commission, 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:

Fiscal
Year

   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:

Senator Sharon Shewmake, Prime Sponsor
Democrat
(360) 786-7682
sharon.shewmake@leg.wa.gov

Senator John Lovick
Democrat
(360) 786-7686
john.lovick@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 Derek Stanford
Democrat
(360) 786-7600
derek.stanford@leg.wa.gov

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

Senator Claire Wilson
Democrat
(360) 786-7658
WILSON_CL@leg.wa.gov




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

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