The bill amends Minnesota Statutes 2024, section 342.14, subdivision 4, to establish a priority review process for verified social equity applicants in the cannabis licensing system. Specifically, it requires the Office of Cannabis Management to review all verified social equity applicants before considering general licensing applicants. This change aims to ensure that social equity applicants, who may have been historically disadvantaged, are given precedence in the licensing process.

Additionally, the bill outlines the procedure for conducting lotteries when the number of qualified applicants exceeds the available licenses. If there are more verified social equity applicants than licenses available, a lottery will be held specifically for these applicants to determine who receives preliminary license approval. If a social equity applicant is not selected, they will still be included in the general pool for licensing consideration. The bill emphasizes the need for an impartial and random lottery process, ensuring transparency and fairness in the selection of applicants.

Statutes affected:
Introduction: 342.14