SF5301 Summary

• Modifies appropriations to the Office of Cannabis Management and Department of Health, including $1,000,000 annually for cannabis industry community renewal grants and funding for hemp edible product regulation, product testing, and a state reference laboratory.

• Creates the Minnesota Consumer Data Privacy Act (Chapter 325O), establishing consumer rights to access, correct, delete, and port personal data, with requirements for controllers to provide privacy notices, conduct data protection assessments, and comply with opt-out requests for targeted advertising and data sales.

• Increases fees for insurance fraud prevention assessments and establishes lender registration requirements for student loan providers effective January 1, 2025.

• Adds licensing requirements for scrap metal copper sellers and requires enhanced record-keeping for scrap metal dealer transactions, including vehicle identification numbers for catalytic converters.

• Expands substance use prevention and treatment programs by renaming and restructuring the substance use treatment account, with funding distributed for recovery programs (75%) and treatment services (25%), and establishes consultation requirements with the Office of Cannabis Management.