EXCLUSIVE: Can Minnesota Keep Its Cannabis Industry Local Amid Out-Of-State Pressure? Legal Expert Weighs In
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Aug 24 2024
0mins
Source: Benzinga
Minnesota Cannabis Licensing Debate: As Minnesota prepares for cannabis licensing in 2025, the influx of out-of-state applicants for social equity licenses raises concerns about local participation and competition, with only 44% of pre-applicants being Minnesota residents.
Challenges for Social Equity Applicants: Social equity applicants face significant barriers such as access to capital and real estate, compounded by legislative measures that may complicate fundraising efforts, while tribal-owned businesses are positioned uniquely within the market due to sovereign immunity.
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
