Section 69.50.530. Dedicated marijuana account.

The dedicated marijuana account is created in the state treasury. All moneys received by the state liquor and cannabis board, or any employee thereof, from marijuana-related activities must be deposited in the account. Unless otherwise provided in chapter 4, Laws of 2015 2nd sp. sess., all marijuana excise taxes collected from sales of marijuana, useable marijuana, marijuana concentrates, and marijuana-infused products under RCW 69.50.535, and the license fees, penalties, and forfeitures derived under this chapter from marijuana producer, marijuana processor, marijuana researcher, and marijuana retailer licenses, must be deposited in the account. Moneys in the account may only be spent after appropriation. During the 2015-2017 fiscal biennium, the legislature may transfer from the dedicated marijuana account to the basic health plan trust account such amounts as reflect the excess fund balance of the account.

[ 2016 1st sp.s. c 36 § 942; 2015 2nd sp.s. c 4 § 1101; 2013 c 3 § 26 (Initiative Measure No. 502, approved November 6, 2012).]

NOTES:

Effective date—2016 1st sp.s. c 36: See note following RCW 18.20.430.

Findings—Intent—Effective dates—2015 2nd sp.s. c 4: See notes following RCW 69.50.334.

Intent—2013 c 3 (Initiative Measure No. 502): See note following RCW 69.50.101.

2016 1st sp.s. c 36 § 942; 2015 2nd sp.s. c 4 § 1101; 2013 c 3 § 26 (Initiative Measure No. 502, approved November 6, 2012).