HB 2144 establishes a fund, known as the dedicated local jurisdiction marijuana fund, which consists of marijuana excise taxes collected under RCW 69.50.535(3). The state treasurer must be custodian of the fund. The bill identifies the % of the revenue collected from various sources that must be deposited in the dedicated marijuana fund.
Additionally, all marijuana excise taxes from sales of marijuana, useable marijuana, and marijuana-infused products that are collected and deposited under RCW 69.50.535 in the dedicated local jurisdiction marijuana fund must be disbursed every three months by the state liquor control board to the local jurisdiction where the retail sale originated. Each local jurisdiction with retail sales must receive revenue distributions based on their proportional amount of the total revenues in the dedicated local jurisdiction marijuana fund from sales within their jurisdiction.
