True party of interest standard for cannabis business and hemp business licenses modified.

HF 3681 modifies Minnesota's rules for cannabis and hemp business licenses by raising the ownership threshold for individuals seeking multiple licenses. It changes the "true party of interest" standard from limiting individuals to 10% ownership across multiple licenses to allowing up to 35% ownership. This means business owners can now hold controlling interest (35% or less) in more than one cannabis or hemp business license application, easing previous restrictions. The bill directly affects applicants and license holders seeking to operate multiple licensed cannabis or hemp businesses. The changes amend Minnesota Statutes section 342.185, subdivisions 2 and 3.