Creates a marijuana research license that permits a licensee to produce and possess marijuana for limited research purposes.

Authorizes the University of Washington and Washington State University to contract with marijuana research licensees to conduct permitted research.

Authorizes the life sciences discovery fund authority to: (1) Review and approve or disapprove marijuana research license applications; and

(2) Review reports made by marijuana research licensees under state liquor control board rule and provide the state liquor control board with its determination on whether the research project continues to meet certain research qualifications.