Bill > HB2740

This bill aims to regulate hemp-derived cannabinoid products by establishing new definitions and requirements for their production, sale, and taxation. It defines "hemp-derived cannabinoid product" as a hemp consumable containing cannabinoids derived from hemp, packaged for retail sale, and sets a limit of 0.4 milligrams of total tetrahydrocannabinols (THC) per container. The bill also prohibits selling these products to individuals under 21 years of age and requires annual registration of product formulations with the Department of Agriculture, including a fee of at least $2,500 per product formulation. Licensed cannabis processors will be permitted to manufacture these products under specific conditions, and a new 10% retail excise tax will be levied on hemp-derived cannabinoid products, with revenues split between the hemp regulatory account and the state general fund. The bill also makes amendments to existing definitions related to cannabis and its products, clarifying the distinction between hemp and cannabis based on THC concentration.

Business and Industry

https://app.leg.wa.gov/billsummary?BillNumber=2740&Year=2025&Initiative=false