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House approves bill allowing licensed cannabis producers to form cooperatives with 30% market-share guardrail
Summary
Lawmakers passed House Bill 1941 to allow licensed cannabis producers to form agricultural cooperatives and adopt a 30% cap on any single entity's control; debate centered on market concentration risks and parity with other agricultural sectors.
The Washington House passed House Bill 1941, which would allow licensed cannabis producers to form agricultural cooperatives similar to those available to other agricultural producers. Lawmakers debated and adopted targeted amendments, including one that limits any single entity's control of a cooperative to 30 percent to reduce monopoly risk.
Representative Morgan urged members to support the bill as a…
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