Current:Home > StocksCannabis sales in Minnesota are likely to start later than expected. How much later isn’t clear -Insightful Finance Hub
Cannabis sales in Minnesota are likely to start later than expected. How much later isn’t clear
View
Date:2025-04-18 20:54:19
ST. PAUL, Minn. (AP) — Minnesota probably won’t meet its goal of launching full-scale retail marijuana sales in the first quarter of 2025 because of the time it will take to draft regulations and issue licenses, the state’s top cannabis regulator acknowledged Thursday.
While Charlene Briner, interim director of the Office of Cannabis Management, didn’t totally rule out the possibility of some retailers opening early next year, she conceded during a briefing for reporters that she doesn’t know how long it will take until legal marijuana is widely sold across the state.
“I don’t think any of can answer that question,” Briner said.
Briner spoke during a briefing that was called to highlight legislation introduced Thursday to make a series of updates to the state law legalizing recreational cannabis for adults, which was enacted last May. Using, possessing and growing marijuana for personal use, within limits, became legal last August. But sales are still a legal gray area.
Many of the proposed changes to the law are aimed at strengthening “social equity” opportunities for people who come from communities deemed harmed by the the prohibition against marijuana to get into the industry legally.
Currently, only a few tribally owned on-reservation shops are legally allowed to sell recreational marijuana in Minnesota because tribal sovereignty exempts them from state regulation.
Depending on when the state’s regulations are put in place, and then the first licenses are issued, Briner said, well-capitalized retailers could conceivably get inspected and open their doors “within a few weeks or a couple of months.” But others may need more time to hire and train staff, she added.
“It’s not for OCM to determine the timeline between obtaining a license and when your door is open for business,” she said. “I don’t think that any of us can give that definite sort of light-switch-on date.”
There have already been bumps along the way toward establishing a legal marijuana marketplace in Minnesota. Gov. Tim Walz has yet to name a permanent director for the regulatory office. The administration reopened the application process after it emerged that his first nominee hadn’t been fully vetted.
Briner said the process in Minnesota is not going slower than in other states. But data compiled by KMSP-TV show that the average time in 20 other states has been 17 months from the vote to legalize to the first retail sales, with a median time of 14 months. It took 14 months in Colorado, the first state to legalize it, while it took Vermont 57 months. Some states took less than a year. Minnesota appears poised to need at least 22 months.
“We are working very quickly, and we’re trying to do it thoughtfully, while also mitigating the risks that we have,” Briner said. “We are intensely aware that the gap between full legalization and a regulated market is important to minimize, and we are working as quickly as we can to make that happen .”
veryGood! (38872)
Related
- How to watch the 'Blue Bloods' Season 14 finale: Final episode premiere date, cast
- From AI and inflation to Elon Musk and Taylor Swift, the business stories that dominated 2023
- New 'Washington Post' CEO accused of Murdoch tabloid hacking cover-up
- Derek Hough reveals wife Hayley Erbert will have skull surgery following craniectomy
- Stamford Road collision sends motorcyclist flying; driver arrested
- Horoscopes Today, December 20, 2023
- A rare and neglected flesh-eating disease finally gets some attention
- As 'The Crown' ends, Imelda Staunton tells NPR that 'the experiment paid off'
- The White House is cracking down on overdraft fees
- Counselors get probation for role in teen’s death at a now-closed Michigan youth home
Ranking
- Toyota to invest $922 million to build a new paint facility at its Kentucky complex
- The truth about lipedema in a society where your weight is tied to your self-esteem
- A rare and neglected flesh-eating disease finally gets some attention
- IRS to waive $1 billion in penalties for millions of taxpayers. Here's who qualifies.
- Woman dies after Singapore family of 3 gets into accident in Taiwan
- Mega Millions winning numbers for Tuesday: Jackpot rises to $57 million
- Detroit police officer faces charges after punch of 71-year-old man turns fatal
- A Chevrolet dealer offered an AI chatbot on its website. It told customers to buy a Ford
Recommendation
Skins Game to make return to Thanksgiving week with a modern look
Italian prosecutor acknowledges stalking threat against murdered woman may have been underestimated
Cameron Diaz denies feuding with Jamie Foxx on 'Back in Action' set: 'Jamie is the best'
IRS to waive $1 billion in penalties for millions of taxpayers. Here's who qualifies.
Global Warming Set the Stage for Los Angeles Fires
Fans are begging for Macaulay Culkin to play Kevin McCallister in a new 'Home Alone' movie
Horoscopes Today, December 20, 2023
Bangladesh Prime Minister Sheikh Hasina kicks off election campaign amid an opposition boycott