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. A key insertion is the definition of "Employee stock ownership plan" as a contribution plan defined in the United States Code, which clarifies the legal framework for such plans within the context of cannabis businesses. Additionally, the bill introduces provisions that allow trustees of employee stock ownership plans and employees of businesses owned by these plans to hold multiple licenses, which was previously restricted.

The bill also modifies existing regulations regarding the number of licenses a person or business can hold in the cannabis industry. It specifies that restrictions on the number or type of licenses apply to cooperative members, directors, managers, and general partners of cannabis businesses, ensuring that these limitations are uniformly enforced across different roles within the industry. Overall, the amendments aim to provide clearer definitions and more flexibility for employee stock ownership in the cannabis sector while maintaining regulatory oversight on licensing.

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