What if....? 🤔 What if, instead of the situation being dire, the current circumstances are beneficial in achieving our state's goal of a craft, SEA-centered cannabis industry?
Me for Blunt Strategies:
"The latest updates from the Office of Cannabis Management (OCM) signal a significant win for applicants pursuing uncapped license types, particularly microbusinesses. Of the 648 pre-approval lottery applicants, about 200 were for uncapped licenses, and 193 of those were microbusinesses. These applicants are now positioned to move straight into preliminary licensing as soon as rulemaking wraps up, putting them on track to secure final site approval as early as spring 2025.
This is an excellent outcome for microbusinesses and other uncapped license applicants. It not only fast-tracks those who qualified in the pre-approval round but also creates a clear pathway for those who were denied to cure their applications during the February Request for More Information (RFMI) process. Importantly, this step should insulate uncapped licenses from ongoing or future litigation surrounding lottery entry for capped licenses, providing much-needed certainty for small businesses aiming to enter the market.
The advantages for social equity microbusinesses go even further. Most cities have implemented caps on the number of dispensaries allowed within their jurisdictions, and many will allocate licenses on a first-come, first-serve basis. By moving ahead of mezzobusinesses and retail applicants in the licensing process, microbusinesses will have a clear head start in securing prime locations for their stores. This early access to high-traffic areas could make all the difference in positioning these businesses for success.
More importantly, microbusiness licenses are far more likely to be held by local, small businesses compared to larger applicants vying for mezzobusiness or retail licenses. This creates an opportunity to lay the foundation for a thriving craft cannabis industry in Minnesota, led by social equity applicants—the very group legalization was designed to uplift. For these small businesses, early site approval and operational readiness are critical to establishing a foothold in the market before bigger players enter the fray.
While the road has been bumpy, this scenario reflects a critical step toward achieving one of the core goals of legalization: ensuring that social equity applicants, particularly those running local and craft-focused operations, are set up to thrive in Minnesota’s emerging cannabis industry."
In our last Pre-Roll of 2024, we talk about where Minnesota stands today, what's coming up, and what's possible in 2025:
https://lnkd.in/gjyxiTFd