Loading chat...
MA H160
Bill
Status
2/27/2025
Primary Sponsor
Samantha Montano
Click for details
AI Summary
-
Amends Chapter 94G (cannabis law) to add definitions for "Person or Entity Having Direct Control" and "Person or Entity Having Indirect Control" over marijuana establishments, including those with 10% or greater voting interest, authority to appoint officers/directors, or financial interests in delivery licensees
-
Defines "Owner" as any person or entity owning 10% or more interest in a licensee, whether directly or through parent/holding companies
-
Allows existing licensees to obtain direct or indirect control of up to 4 additional marijuana retailer or medical marijuana treatment center licenses beyond current limits
-
Restricts this expansion opportunity to joint ventures where the retail license is majority-owned by a certified social equity business, economic empowerment business, or Disadvantaged Business Enterprise (MBE, WBE, or VBE certified through the Supplier Diversity Office)
-
Caps the non-equity partner's ownership stake at no more than 35% in these joint venture arrangements
Legislative Description
To promote equity joint venture partnerships
Last Action
Accompanied a new draft, see H4160
5/29/2025