Bill
HF 2033
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.
2025-2026 Regular Session
Introduced by Cedrick Frazier and 1 co-sponsor
Minnesota expands cannabis microbusiness loan program by raising state contributions, extending approval timelines, and letting nonprofits keep interest payments to cover operating costs.
Motion to recall and re-refer, motion prevailed Workforce, Labor, and Economic Development Finance and Policy