Preventing an oversupply of cannabis in Washington by regulating cannabis producer licenses and setting revenue thresholds.

The bill regulates cannabis producer licenses in Washington, introducing tiers based on production space and setting revenue thresholds for renewal. Tier three producers, operating on 10,000 to 30,000 square feet, must report $24,000 monthly or $288,000 annually in gross sales. Tier two producers, on 4,000 to 10,000 square feet, must report $8,000 monthly or $96,000 annually. Failure to meet these thresholds results in conversion to a lower tier, limiting production space. The bill also outlines procedures for license renewal, objections, and enforcement actions by the regulatory board.

Preventing an oversupply of cannabis in Washington by regulating cannabis producer licenses and setting revenue thresholds.

The bill regulates cannabis producer licenses in Washington, introducing tiers based on production space and setting revenue thresholds for renewal. Tier three producers, operating on 10,000 to 30,000 square feet, must report $24,000 monthly or $288,000 annually in gross sales. Tier two producers, on 4,000 to 10,000 square feet, must report $8,000 monthly or $96,000 annually. Failure to meet these thresholds results in conversion to a lower tier, limiting production space. The bill also outlines procedures for license renewal, objections, and enforcement actions by the regulatory board.