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Committee approves modest increase to cannabis license fees, citing small revenue gain
Summary
The Ways and Means Committee gave engrossed House Bill 2,681 a due-pass recommendation to increase annual cannabis license fees by $4, projected to raise about $866,000 per fiscal year and roughly $2.6 million over four years.
The committee voted by voice to give engrossed House Bill 2,681 a due-pass recommendation to the rules committee. The bill raises annual issuance and renewal fees for cannabis producer, processor and retail licenses by $4 — from $13.81 to $17.81.
A committee analyst said the fiscal note estimates increased collections to the dedicated cannabis account of $866,000 per fiscal year and about $2,600,000 over the four-year outlook period. No amendments were offered for the bill, and the committee approved the motion to pass by voice vote; no roll-call tally appears in the transcript.
Chair closed the session by thanking staff, including Susan Brooks, committee coordinator, and Sam Brown, legal counsel, and then adjourned the committee.
