HB1704 increases cannabis revenue distributions to local governments in Washington.

HB1704 amends the distribution of cannabis tax revenues in Washington. It increases the percentage allocated to local governments from 7% to 10%, ensuring that each jurisdiction receives a share. The bill also mandates that these funds be distributed in four installments by the end of each fiscal quarter. Additionally, it specifies that 20% of the revenue must be deposited in the state general fund. The bill outlines various uses for the allocated funds, including public health programs, education campaigns, and research on the effects of cannabis use.

HB1704 increases cannabis revenue distributions to local governments in Washington.

HB1704 amends the distribution of cannabis tax revenues in Washington. It increases the percentage allocated to local governments from 7% to 10%, ensuring that each jurisdiction receives a share. The bill also mandates that these funds be distributed in four installments by the end of each fiscal quarter. Additionally, it specifies that 20% of the revenue must be deposited in the state general fund. The bill outlines various uses for the allocated funds, including public health programs, education campaigns, and research on the effects of cannabis use.