The bill amends Minnesota Statutes 2024, section 342.14, subdivision 1, to modify the requirements for cannabis license applications. Key changes include the addition of new requirements for applicants, such as providing proof that they are a social equity applicant and an attestation that their business policies comply with the relevant chapter. Additionally, the bill removes the previous requirement for applicants to secure a physical premises at the time of application, allowing for more flexibility in the application process.

Furthermore, the bill clarifies the disclosure of ownership and control by requiring applicants to identify true parties of interest and to provide detailed information about their management structure and financial obligations. The amendments aim to enhance transparency and ensure that applicants meet specific criteria that promote social equity and compliance with state regulations. Overall, these changes are intended to streamline the application process while maintaining rigorous standards for cannabis businesses in Minnesota.

Statutes affected:
Introduction: 342.14