Buy A T-shirt, Get Busted: Loophole In Minnesota Cannabis Market Could Cost Retail Operators A 5-Year Ban
Minnesota’s budding cannabis market is facing regulatory hurdles as businesses attempt to exploit legal loopholes, sparking action from the state’s Office of Cannabis Management (OCM).
With cannabis licenses set to be issued in 2024, investors should be aware of the significant challenges posed by regulatory enforcement, market entry delays and compliance risks.
Get Benzinga’s exclusive analysis and the top news about the cannabis industry and markets daily in your inbox for free. Subscribe to our newsletter here. You can’t afford to miss out if you’re serious about the business.
Busted!
Despite cannabis legalization in Minnesota, with the exception of tribal reservations, businesses are not yet legally permitted to sell cannabis until licenses are issued next year.
However, some hemp stores and smoke shops have been attempting to bypass these regulations by offering cannabis as a “gift” with other purchases such as a T-shirt or …