This bill amends various sections of the Minnesota Statutes related to cannabis, specifically focusing on employee stock ownership plans and the limitations on licenses for cannabis businesses. It introduces a definition for "Employee stock ownership plan" and clarifies the roles of trustees in managing these plans. The bill also modifies the definitions of "true party of interest" to include trusts and employee stock ownership plans, while excluding certain individuals and entities from being classified as such.

Additionally, the bill establishes new provisions regarding the limitations on the number of licenses that individuals or businesses can hold in the cannabis industry. It allows for exceptions for trustees of employee stock ownership plans and employees of businesses owned by these plans. The amendments also clarify that restrictions on the number or type of licenses apply to all cooperative members and directors, managers, and general partners of cannabis businesses. Overall, the bill aims to create a more structured framework for cannabis business ownership and licensing in Minnesota.

Statutes affected:
Introduction: 342.185, 342.28, 342.29, 342.30, 342.31, 342.32, 342.33, 342.35