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Committee reviews proposed changes to Can Start Up loan program for cannabis microbusinesses; lawmakers raise financing and oversight concerns
3325453 · May 14, 2025
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Summary
The committee examined proposed changes to the Can Start Up revolving loan program for cannabis microbusinesses, including higher loan caps and administrative clarifications.
Senate-only language to modify the Can Start Up loan program for cannabis microbusinesses drew extended discussion. Carrie Johnson of the Minnesota Consortium of Community Developers testified that stakeholders and lenders found the original program drafting left some provisions inconsistent with a loan model and set loan maximums too low to meet actual business costs.
Johnson…
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