AN ACT CONCERNING THE SOCIAL EQUITY COUNCIL'S RECOMMENDATIONS REGARDING CANNABIS REGULATION. To (1) authorize the Social Equity Council to conduct investigations to carry out its duties, (2) provide that no change shall be made in the ownership or control of certain equity joint ventures during the seven-year period following licensure, (3) require the council to submit an existing quarterly report to the chairperson of the Black and Puerto Rican Caucus of the General Assembly, (4) eliminate a monthly report by the council to said caucus, (5) require the council to issue policies and procedures, and adopt regulations, to implement requirements concerning changes in the ownership and control of certain cannabis establishments, (6) provide that no change shall be made in the ownership or control of an approved social equity applicant during the provisional licensure period or the three-year period following final licensure, and (7) provide that a social equity applicant may apply to replace an original backer.