Senate, 53, DFL, sen.matt.klein@senate.mn, 651-296-4370
(Heard as: klein Klein Klein John )
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Senate, 41, DFL, sen.judy.seeberger@senate.mn, 651-297-8060
(Heard as: Seberger )
02:44:02,000
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Senate, 15, R, sen.gary.dahms@senate.mn, 651-296-8138
(Heard as: Dames )
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Senate, 57, R, sen.zach.duckworth@senate.mn, 651-296-7633
Senate, 18, DFL, sen.nick.frentz@senate.mn, 651-296-6153
(Heard as: Frantz Frenz Frentz )
01:37:17,720
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Senate, 13, R, sen.jeff.howe@senate.mn, 651-296-2084
(Heard as: Howe )
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Senate, 46, DFL, sen.ron.latz@senate.mn, 651-297-8065
(Heard as: Latz )
02:54:00,560
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Senate, 9, R, sen.jordan.rasmusson@senate.mn, 651-296-4875
(Heard as: Rasmussen rasmussen
2636 rasmussen )
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Senate, 51, DFL, sen.melissa.wiklund@senate.mn, 651-297-8061
(Heard as: Wicklund )
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Senate, 44, DFL, sen.tou.xiong@senate.mn, 651-296-6820
01:24:36,500 - strengthening the social equity provisions which are already robust and
01:27:14,080 - we also create a social equity license classification
01:27:18,320 - that maintains that distinction of a social equity status
01:27:24,500 - which is important as we think about the additional grant opportunities for social equity applicants,
01:27:42,220 - Chapter 342 requires 100% ownership or controlling interest by a social equity applicant.
01:28:15,060 - National averages for ownership requirements for social equity applicants range between 51% and 60%,
01:28:35,180 - we propose giving social equity applicants,
01:28:45,320 - Right now, they are only allowed to transfer those licenses to other social equity entities,
01:29:54,240 - those limited early licenses for social equity applicants.
01:30:11,660 - A temporary early license for social equity applicants allows the assurance of a
01:30:25,680 - to social equity applicants entering a market is the lack of access to capital because of
01:31:09,040 - including social equity status verification
01:38:49,300 - There is the first round of lottery for verified and vetted social equity applicants.
01:41:09,840 - in seeing that social equity applicants get a fair shake.
01:47:44,920 - enable success for small businesses and social equity applications and protect hundreds of existing Minnesota jobs.
01:51:23,200 - particularly social equity applicants.
01:51:54,980 - many of us social equity candidates.
01:55:08,020 - unifying folks around access to cannabis and equity discussions.
01:56:53,940 - In the meantime, social equity businesses and farmers will be left holding the bag or carrying the water as we try to maintain compliance with the law and still try to operate viable businesses.
01:58:47,360 - social equity and commercial,
01:59:21,800 - which calls for social equity partnering to ensure the intent of the legislation is carried out
02:00:09,960 - Both social equity and
02:04:33,380 - I think this does not embed equity into the process.
02:04:37,180 - you think of some of the racism that people are concerned about in terms of people getting
02:04:52,620 - have to deal with the equity piece head on.
02:05:37,980 - you will increase those disparities because you will create a brand new industry in which people of color are losing out and those disparities become even worse.
02:07:05,170 - If social equity is important to this industry and the OCM,
02:08:20,310 - Create C is equity through social equity of cannabis,
02:09:03,620 - I no longer trust or have confidence in the OCM to create policies that advance the interests of social equity applicants.
02:09:25,880 - Partnering with a social equity applicant,
02:09:51,300 - many of these social equity partners will not even obtain a piece of the revenue until the MSO earns a certain amount of revenue.
02:10:18,000 - There is no advantage to social equity applicants under the OCM's proposal. There
02:10:48,180 - an attorney who often speaks about social equity issues in cannabis,
02:11:34,280 - that social equity applicants feel even more defeated by the OCM's proposal, and
02:13:48,880 - particularly because I see this as a huge financial risk for social equity applicants.
02:13:53,760 - It removes that social equity objectives and goals that we were setting out for.
02:17:35,940 - Lotteries do not put social equity applicants on even footing with other competitors.
02:17:47,600 - lottery to distribute cannabis social equity licenses,
02:18:40,660 - And that's why every single social equity expert who has been asked on this issue has come out against lotteries.
02:19:36,560 - The end result of that is of the 26 social equity licenses that were granted,
02:19:41,960 - 25 of them were found to be owned by a business owner who did not qualify for social equity status.
02:21:33,120 - particularly as it pertains to social equity status,
02:21:46,960 - Therefore, a logical first step would be a process to qualify social equity status.
02:23:31,840 - groups of social equity applicants,
02:23:47,520 - in their agreements, they will have it so that social equity person after that three years gets
02:27:23,460 - Our intent was to provide preference for the social equity applicants.