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
Floor votes
How they voted
No floor votes recorded yet.
Full legislative history
Actions timeline
Total actions
2
Key actions
0
Committee
0
May 16, 2025
Introduced
Introduction and first reading, referred to Commerce Finance and Policy
lower
1 primary · 2 co-sponsors
Sponsors
Role
Legislator
Party
State
District
P
Nolan West
RRepublican
Co
Alex Falconer
DDemocratic-Farmer-Labor
Co
Dan Wolgamott
DDemocratic-Farmer-Labor
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