Minnesota Social Equity Cannabis Lottery Results Announced

<p>The Minnesota Office of Cannabis Management has announced the results of the historic first social equity cannabis license lottery, awarding 50 new retail licenses to qualified applicants from communities disproportionately impacted by past cannabis enforcement.</p>

<h2>Lottery Overview</h2> <p>Over 2,400 applications were submitted for the social equity lottery. Winners were selected through a random drawing process verified by independent auditors.</p>

<ul> <li>Total applications received: 2,478</li> <li>Licenses awarded: 50</li> <li>Average wait for remaining applicants: 6-12 months</li> </ul>

<h2>What's Next for Winners</h2> <p>License winners have 90 days to complete final requirements including:</p> <ul> <li>Securing a licensed retail location</li> <li>Completing background checks</li> <li>Submitting final business plans</li> <li>Obtaining local approval</li> </ul>

<p>The OCM expects the first social equity dispensaries to open by spring 2025.</p>