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LCB Actions: Cannabis Rules Updates – Employee Stock Ownership and THC Bill
On Oct. 9, 2024, the Liquor and Cannabis Board (LCB) took the following two actions:
Employee Stock Ownership Plans (ESOP) - Preproposal Statement of Inquiry (CR 101) Filed
The Board approved a Preproposal Statement of Inquiry (CR 101) to consider amending WAC 314-55-035 and amending, repealing, or creating other sections of Title 314 WAC as needed to specifically allow Employee Stock Ownership Plans (ESOP) in connection with a cannabis license in a way that is consistent with other Washington laws and regulations.
THC Bill (E2SSB 5367) – Final Rules (CR 103) Filed
The Board approved final rules (CR 103) to amend several sections of chapter 314-55 WAC to implement Engrossed Second Substitute Senate Bill (E2SSB) 5367, regarding the regulation of products containing THC. These rule changes will be effective in 90 days, on Jan. 7, 2025.
More information is available on the LCB Current Rulemaking Activity webpage. If you have any questions about this announcement, please contact rules@lcb.wa.gov.
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