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*Oct. 9, 2024*




*LCB Actions: Cannabis Rules Updates – Employee Stock Ownership and THC Bill*

 

On Oct. 9, 2024, the Liquor and Cannabis Board (LCB) took the following two actions:

* *

*Employee Stock Ownership Plans (ESOP) - Preproposal Statement of Inquiry (CR 101) Filed*

 

The Board approved a Preproposal Statement of Inquiry (CR 101) to consider amending WAC 314-55-035 [ [link removed] ] and amending, repealing, or creating other sections of Title 314 WAC as needed to specifically allow Employee Stock Ownership Plans (ESOP) in connection with a cannabis license in a way that is consistent with other Washington laws and regulations.

 


* Notice to Stakeholders [ [link removed] ]
* Memorandum [ [link removed] ]
* May 22, 2024 Response to Petition for Rulemaking [ [link removed] ]
* CR 101 filed as WSR 24-21-049 on Oct. 9. 2024 [ [link removed] ]

* *

*THC Bill (E2SSB 5367) – Final Rules (CR 103) Filed*

 

The Board approved final rules (CR 103) to amend several sections of chapter 314-55 WAC to implement Engrossed Second Substitute Senate Bill (E2SSB) 5367 [ [link removed] ], regarding the regulation of products containing THC. These rule changes will be effective in 90 days, on Jan. 7, 2025.

 


* Concise Explanatory Statement [ [link removed] ]
* Memorandum [ [link removed] ]
* CR 103P filed as WSR 24-21-051 on October 9, 2024 [ [link removed] ]

 

More information is available on the LCB Current Rulemaking Activity [ [link removed] ] webpage. If you have any questions about this announcement, please contact [email protected].








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