An Act to promote equity joint venture partnerships

HD 943 defines key terms for marijuana business ownership in Massachusetts, including "Person or Entity Having Direct Control" (e.g., owners with 10%+ interest or those appointing leaders) and "Person or Entity Having Indirect Control" (e.g., through parent companies). It limits license holders with control to owning up to four additional retail or medical marijuana licenses only if those licenses are majority-owned by certified equity businesses (like minority-, women-, or veteran-owned enterprises with valid state certification). This directly affects current marijuana license holders seeking to expand operations under new ownership rules.