Bill > HB2075

This bill modifies the cannabis excise tax structure by creating a two-tiered tax rate based on the THC concentration of cannabis products. For cannabis concentrates and usable cannabis with a THC concentration of 35 percent or less, the existing tax rate remains at 37 percent of the selling price. However, for cannabis concentrates and usable cannabis with a THC concentration greater than 35 percent, the bill introduces a new, higher tax rate of 50 percent. The tax will continue to be separate from general state and local sales taxes, must be separately itemized on sales receipts, and reflected in price lists and advertisements. Cannabis-infused products will remain taxed at the original 37 percent rate. The bill maintains existing provisions for medical cannabis sales exemptions and requires the cannabis board to periodically review tax levels to discourage use while competing with illegal market prices. Reporting requirements for the board have been simplified, removing previous detailed biennial reporting mandates. The legislation aims to create a tax structure that discourages high-potency cannabis consumption while maintaining a comprehensive regulatory approach to cannabis sales.

Budget and Finance

https://app.leg.wa.gov/billsummary?BillNumber=2075&Year=2025&Initiative=false