Minnesota Legislature
Office of the Revisor of Statutes
2023 Minnesota Statutes
342.12 LICENSES; TRANSFERS; ADJUSTMENTS.
(a) Licenses issued under this chapter may be freely transferred subject to the prior written approval of the office, which approval may be given or withheld in the office's sole discretion, provided that a social equity applicant may only transfer the applicant's license to another social equity applicant. A new license must be obtained when:
(1) the form of the licensee's legal business structure converts or changes to a different type of legal business structure; or
(2) the licensee dissolves; consolidates; reorganizes; undergoes bankruptcy, insolvency, or receivership proceedings; merges with another legal organization; or assigns all or substantially all of its assets for the benefit of creditors.
(b) Transfers between social equity applicants must be reviewed by the Division of Social Equity.
(c) Licenses must be renewed annually.
(d) License holders may petition the office to adjust the tier of a license issued within a license category provided that the license holder meets all applicable requirements.
(e) The office by rule may permit relocation of a licensed cannabis business, adopt requirements for the submission of a license relocation application, establish standards for the approval of a relocation application, and charge a fee not to exceed $250 for reviewing and processing applications. Relocation of a licensed premises pursuant to this paragraph does not extend or otherwise modify the license term of the license subject to relocation.
History:
Official Publication of the State of Minnesota
Revisor of Statutes