Minnesota Cannabis Regulators Propose Temporary Licenses To Assure Timely Launch Of Weed Sales

Zinger Key Points
  • Cannabis regulators want lawmakers to remove property requirements for licensed applicants. 

Minnesota’s Office of Cannabis Management (OCM) recently held an informational webinar in which it revealed that the agency is still hiring new employees and setting up the infrastructure to run the legal cannabis marketplace. State regulators indicated they’re hoping the legislature will consider proposed changes to the licensing process enabling the program’s launch in 2025, writes CBS News.

Among the proposed changes detailed in two reports is a recommendation to allow temporary business licenses, especially for social equity applicants to launch sales sooner rather than later.

“When I say temporary licenses, I mean early licenses — so as soon as this summer depending on if the legislature decides to take us up on that,” said Charlene Briner, an interim director of the OCM. 

Briner also hopes lawmakers will remove limitations to obtaining a license, a process she describes as a "bottleneck" that requires applicants to first secure property for their business before they get a license to operate. 

“Trying to secure that building and spend thousands if not millions on a facility — without any assurances of obtaining a license — is incredibly expensive and uncertain and creates a great deal of risk for potential business operators,” Briner said. 

The OCM is also working on setting up an online application system for prospective business owners to apply for licenses. 

Briner wants regulators to adopt the law with recommendations "designed to both help us launch successfully and in a timely way, and also to help us effectively regulate over time,” she said at the meeting

Related Links: 

Minnesota: Office Of Cannabis Management Wants Public Input To Help It Establish Industry Rules

Investigation Points To Troubling Oversights In Naming Minnesota Cannabis Czar 

Photo: Courtesy of Handatko via Shutterstock

Market News and Data brought to you by Benzinga APIs
Posted In: CannabisNewsCharlene BrinerMinnesota cannabis
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!

The Benzinga Cannabis Capital Conference is coming to Florida

The Benzinga Cannabis Capital Conference is returning to Florida, in a new venue in Hollywood, on April 16 and 17, 2024. The two-day event at The Diplomat Beach Resort will be a chance for entrepreneurs, both large and small, to network, learn and grow. Renowned for its trendsetting abilities and influence on the future of cannabis, mark your calendars – this conference is the go-to event of the year for the cannabis world.

Get your tickets now on bzcannabis.com – Prices will increase very soon!


Loading...