HF 3330 Minnesota House · 2025-2026 Regular Session

Employee stock ownership plans provisions modified.

HF 3330 modifies Minnesota's cannabis business licensing rules to explicitly exempt the trustee of an employee stock ownership plan (ESOP) from the limit restricting an individual from being a "true party of interest" for multiple license applications. This change allows ESOP trustees to serve on multiple cannabis business applications without violating the rule that normally restricts one person from holding this status across several licenses. The bill directly affects cannabis business applicants using ESOPs and their trustees by clarifying that ESOP-related ownership structures won't trigger application limits. It is a technical amendment to the licensing statute's definitions and application rules, not a new policy affecting broader ESOP regulations.
Bill status in committee 1 of 4 stages cleared
Introduction
May 2025
Committee Review
Floor Vote
Governor
Introduced May 16, 2025 Last action Feb 17, 2026
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May 16, 2025
Introduced
Introduction and first reading, referred to Commerce Finance and Policy
lower
1 primary · 2 co-sponsors

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