Washington HB2433 amends cannabis excise tax rates and definitions.
Washington HB2433 revises the cannabis excise tax rates and definitions. It sets a tax rate of 37% on retail sales of cannabis concentrates, useable cannabis, and cannabis-infused products. The tax varies by product type and THC concentration. The bill also updates definitions for terms like "cannabis," "cannabis concentrates," and "cannabis-infused products." It mandates that the Washington State Liquor and Cannabis Board review tax levels and report to the legislature.
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