Requires the board of pharmacy to create the product stewardship program to provide for: (1) A collection system for all unwanted legend and nonlegend drugs from residential sources;

(2) A handling and disposal system;

(3) How the board will use existing providers of waste pharmaceutical services;

(4) How the drugs will be separated from packaging to reduce transportation and disposal costs;

(5) Policies and procedures to be followed by persons in charge of the drugs;

(6) Tracking the collected drugs; and

(7) Patient information on drug packaging being kept secure.

Requires the board of pharmacy, the department of ecology, and local governments to promote the use of the product stewardship program.

Modifies provisions relating to the business and occupation tax on warehousing and reselling prescription drugs.

Creates the pharmaceutical product stewardship program account.