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Committee approves limits on cross-license financial agreements for cannabis retailers
Summary
The committee voted to report Engrossed Substitute Senate Bill 5403 out of committee with an amendment (Claud 357) that tightens the definition of prohibited financial-interest agreements across more than five cannabis retail licenses; final report was 11 ayes, 3 nays, 1 excused.
The Consumer Protection & Business Committee on April 1 adopted an amendment and voted to report Engrossed Substitute Senate Bill 5403, which would prohibit cannabis retail licensees from entering into agreements that confer a financial interest across more than five retail licenses.
Peter Clodfelter briefed the committee that the bill builds on RCW 69.53.95 and would define “financial…
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