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OLYMPIA, Wash. – A recent cannabis market study presented to the Washington State Legislature is raising concerns about the whereabouts of surplus cannabis products.
The study revealed that the amount of cannabis produced in 2023 was two to three times higher than the amount sold. State auditors highlighted that the Liquor and Cannabis Board lacks records showing where the surplus product is going.
Leaders with the Joint Legislative Audit and Review Committee are now proposing recommendations to address this issue.
The Washington State Institute for Public Policy reported, “Surplus cannabis may be destroyed, or it could be diverted to the illegal market either in state or out of state.”
One key recommendation is for the Liquor and Cannabis Board to submit a detailed plan to the legislature. This plan should outline the funding and resources needed to accurately collect data from cannabis producers and retailers by December 31, 2025.
This move aims to ensure better tracking and regulation of cannabis production and distribution in Washington state.
”}]] OLYMPIA, Wash. – A recent cannabis market study presented to the Washington State Legislature is raising concerns about the whereabouts of surplus cannabis products. Read More
