This bill amends Minnesota Statutes 2024, section 342.14, subdivision 1, to modify the application requirements for cannabis licenses. The updated requirements now include additional information that applicants must provide, such as proof that the applicant is a social equity applicant and an attestation that the applicant's business policies comply with the relevant chapter. The bill also removes the previous requirement for applicants to secure a physical premises at the time of application and eliminates the need for a release of information for background checks.

Furthermore, the bill clarifies the disclosure of ownership and control by requiring applicants to identify true parties of interest and provide detailed information about their management structure and financial obligations. It also emphasizes that maintaining a labor peace agreement is a material condition for license renewal. Overall, these changes aim to enhance the transparency and accountability of cannabis businesses in Minnesota while promoting social equity within the industry.

Statutes affected:
Introduction: 342.14