MN HF2033Introducedas of 2025-03-10
Maximum amount of state contributions to cannabis microbusinesses amended, commissioner's deadline to approve loan applications amended, nonprofit corporations allowed to retain loan interest payments to cover expenses, loan interest rates required to be reported, and nonprofit corporations allowed to use contract funds to cover expenses.
Plain-English summary
What happened: A Minnesota bill amending state contribution limits and loan terms for cannabis microbusiness assistance programs has been recalled and re-referred to the Workforce, Labor, and Economic Development Finance and Policy committee.
Why it matters: Changes to funding caps, loan approval timelines, and allowable expense coverage directly affect the financial resources available to cannabis microbusinesses seeking state-backed support.
Affects: cultivators and retailers
LATEST ACTION: Motion to recall and re-refer, motion prevailed Workforce, Labor, and Economic Development Finance and Policy
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