Minnesota’s impending adult-use market offers uncertainty, some hope

January 2, 2025  l  Sign Me Up

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Instead of putting the finishing touches on their businesses in anticipation of Minnesota's adult-use market launch early this year, cannabis license applicants instead face delays and uncertainty.

But if entrepreneurs' patience and capital lasts long enough to win a license and hold on until Minnesota's recreational cannabis launch – now projected for early 2026 – their reward will be a robust market brimming with opportunity and innovation, according to observers of the state's regulated marijuana market.

"I think that we still have a really robust local industry," said attorney Leili Fatehi, principal at Blunt Strategies, a Minnesota cannabis consulting firm.

"We have a lot of alignment of purpose and values with the regulators as well as with the legislators.

"There is a common set of goals in terms of who should be the winners and what we want the outcome to be … which I think is an enormous gift."

Mitchel Chargo, a partner at Minnesota-based law firm Hinshaw & Culbertson, who specializes in cannabis, agrees.

"I am bullish," Chargo said, "but it's going to take time, like in every other market, for the production to catch up to demand." Read story >

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