This bill amends various sections of the Minnesota Statutes related to cannabis, specifically focusing on employee stock ownership plans and the limitations on the number of licenses that individuals and businesses can hold in the cannabis industry. Notably, it introduces a definition for "Employee stock ownership plan" and clarifies the roles of trustees in managing these plans. The bill also specifies that trustees of employee stock ownership plans, as well as officers, managers, and directors of businesses owned by such plans, are exempt from certain limitations on holding multiple cannabis licenses.

Additionally, the bill modifies existing provisions regarding the ownership and operation of cannabis businesses, allowing for more flexibility in holding multiple licenses across different types of cannabis operations. It emphasizes that restrictions on the number or type of licenses apply to all cooperative members and key personnel within cannabis businesses, ensuring that the governance structure of these entities is clearly defined. Overall, the bill aims to enhance the regulatory framework surrounding cannabis businesses while promoting employee ownership through stock plans.

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