St. Paul, June 5, 2024 — Minnesota is poised to issue its first cannabis business licenses, designed to give entrepreneurs a headstart in preparing for the legal market’s launch in 2025. Here’s what you need to know:
Who Can Apply?
- Social Equity Applicants: These include veterans, farmers new to agriculture, residents from impoverished neighborhoods, and individuals previously convicted of cannabis possession or sale before legalization.
- State regulators will vet applications to ensure they meet criteria and have detailed business plans, employee training, security measures, and industry experience.
Available Licenses
- Cannabis Microbusiness: 100 licenses
- Cannabis Mezzobusiness: 25 licenses
- Cannabis Cultivators: 13 licenses
- Cannabis Manufacturers: 6 licenses
- Cannabis Retailers (Dispensaries): 38 licenses
- Cannabis Wholesalers: 20 licenses
- Cannabis Transporters: 20 licenses
- Cannabis Testing: 50 licenses
Minnesota aims to create an early-mover advantage, supporting social equity opportunities while ensuring a successful cannabis industry launch. Entrepreneurs can prepare for January 1, 2025, when everything goes into motion.
