HF 3681
Introduction - 94th Legislature (2025 - 2026)
Posted on 03/05/2026 04:47 p.m.
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A bill for an act
relating to cannabis; modifying the true party of interest standard for cannabis
business and hemp business licenses; amending Minnesota Statutes 2024, section
342.185, subdivisions 2, 3.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:
Section 1.
Minnesota Statutes 2024, section 342.185, subdivision 2, is amended to read:
Subd. 2.
Application number limitations.
An individual may not be a true party of
interest for more than one application for (1) any single type of license, or (2) multiple types
of licenses if the individual would be prohibited from holding the licenses under section
342.18, subdivision 2. The limitation does not apply to an individual who holds no more
than deleted text begin tendeleted text end new text begin 35new text end percent ownership of the business entity.
Sec. 2.
Minnesota Statutes 2024, section 342.185, subdivision 3, is amended to read:
Subd. 3.
License number limitations.
An individual may not be a true party of interest
for more than one license unless explicitly allowed by this chapter. The limitation does not
apply to an individual who holds deleted text begin tendeleted text end new text begin 35new text end percent or less controlling ownership of the business
entity.