Bill > HF3330

This bill modifies several provisions of Minnesota's cannabis business licensing laws to clarify and expand the definition and treatment of employee stock ownership plans (ESOPs). Specifically, the bill adds a formal definition of an ESOP as a contribution plan as defined in federal tax code, and updates multiple sections of the cannabis licensing statutes to explicitly exempt ESOP trustees, ESOPs themselves, and employees of businesses partially or wholly owned by ESOPs from certain restrictions on license ownership and true party of interest status. The bill also introduces new definitions for terms like "control," "trustee," and "true party of interest" in the context of cannabis business licensing, and provides more nuanced rules about how ownership and licensing restrictions apply to different business structures. These changes appear designed to provide more flexibility for businesses with employee ownership structures while maintaining oversight of cannabis business licensing. The modifications apply across various types of cannabis business licenses, including those for microbusinesses, cultivators, manufacturers, retailers, wholesalers, and transporters, ensuring consistent treatment of ESOPs across different segments of the cannabis industry.

Business and Industry

https://www.revisor.mn.gov/bills/bill.php?b=House&f=HF3330&ssn=0&y=2025