This bill establishes new regulations for cannabis businesses in Minnesota, specifically focusing on ownership and financing requirements. It introduces the concept of a "true party of interest," which includes various stakeholders such as sole proprietors, partners, and corporate officers, while excluding certain individuals like landlords and consultants under specific conditions. The bill also sets limitations on the involvement of married couples in multiple cannabis businesses and mandates that cannabis businesses disclose the sources of their investment funds, with certain exceptions for reinvested revenues and previously approved loans.

Additionally, the bill outlines restrictions on financiers, stating that they cannot receive ownership interests or profit shares in exchange for loans or gifts unless they are approved as true parties of interest. It requires background checks for all financiers to ensure compliance with the law. Overall, the legislation aims to create a transparent and regulated framework for cannabis business ownership and financing in Minnesota.