Loading chat...
MN HF3330
Bill
Status
5/16/2025
Primary Sponsor
Nolan West
Click for details
AI Summary
-
Adds formal definitions for "control," "employee stock ownership plan," and "trustee" to Minnesota's cannabis business licensing statutes
-
Excludes trusts (including employee stock ownership plans), trustors, trustees, and beneficiaries from the definition of "true party of interest" for cannabis business licensing purposes
-
Exempts ESOP trustees and employees/officers/managers/directors of ESOP-owned cannabis businesses from limitations on the number of license applications and licenses an individual may hold
-
Amends multiple license type provisions (microbusiness, mezzobusiness, cultivator, manufacturer, retailer, wholesaler, transporter) to reference these new ESOP-related exemptions
Legislative Description
Employee stock ownership plans provisions modified.
Last Action
Author added Falconer
2/17/2026