Bill > H160

This bill introduces new definitions and provisions related to marijuana establishment ownership and licensing in Massachusetts, aimed at promoting equity in the cannabis industry. The bill defines "Person or Entity Having Direct Control" as individuals or entities with significant ownership, voting rights, or decision-making authority in a marijuana establishment, including those with 10% or more voting interest, the ability to appoint directors or officers, or earn 10% or more of profits. It also defines "Person or Entity Having Indirect Control" as those with control over parent companies or indirect decision-making power. Additionally, the bill establishes a new definition of "Owner" as anyone owning 10% or more interest in a licensee. The key provision allows a licensee to become a controlling entity of up to 4 additional marijuana retailer or medical marijuana treatment center licenses, but with important restrictions: these additional licenses must be majority-owned by social equity businesses, economic empowerment businesses, or certified Minority, Women, or Veteran Business Enterprises, and the controlling entity can own no more than 35% of the business interest. This approach aims to increase diversity and provide opportunities for underrepresented groups in the cannabis industry.

Health and Social Services

https://malegislature.gov/Bills/194/H160