Minnesota HF2033 amends cannabis microbusiness loan program rules.
Minnesota HF2033 amends the maximum state contributions to cannabis microbusinesses, changes the commissioner's deadline to approve loan applications, allows nonprofit corporations to retain loan interest payments to cover expenses, requires loan interest rates to be reported, and allows nonprofit corporations to use contract funds to cover expenses. The bill also modifies the criteria for loan applications and the process for approving grants to organizations providing technical assistance. The commissioner must award grants to eligible organizations through a competitive grant process.
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