Requires, beginning January 1, 2013, every producer of legend or nonlegend drugs sold in or into the state to participate in a product stewardship program for unwanted legend and nonlegend drugs from residential sources.

Requires submission of a product stewardship plan to the board of pharmacy before engaging in the collection of unwanted legend or nonlegend drugs.

Requires the department of ecology to consult with the board of pharmacy on any element of the plan.

Authorizes the board of pharmacy to refuse, suspend, or revoke the license of a product stewardship program.

Requires the board of pharmacy to send a written warning and a copy of the act and any rules adopted to implement the act to a producer who is not participating in a product stewardship program approved by the board and whose legend or nonlegend drug is being sold in or into the state.

Authorizes the secretary of the department of health to establish fees for administering the act.

Creates the pharmaceutical product stewardship program account.

Authorizes the director of the department of ecology to lend money from the state toxics control account to ensure that money is available in the pharmaceutical product stewardship program account for the initial administration of the product stewardship program.

Authorizes board of pharmacy, department of ecology, or department of health staff to access any facilities, property, or records of the product stewardship program as necessary to conduct inspections or investigate complaints.