OCM Guidance Regarding Ownership Transfers Provides Pathway for Funding Social Equity Licensees

8 months ago mqfnmymy

By Jeffrey O’Brien & Steve Levine on July 11, 2025 The Minnesota Office of Cannabis Management (“OCM”) conducted its license lottery for social equity applicants on June 5, 2025. Lottery winners received preliminary approval and must secure a business location and, in many instances, additional capital is required to commence operations. OCM subsequently issued formal guidance as to changes of business ownership […]