Minnesota Craft Brewers Thrive As Adult-Use Cannabis Legalization Expands Market
Benzinga Craft brewers in Minnesota are celebrating the positive impact of the recently signed adult-use cannabis measure, which has provided a boost to their industryand expanded the market by allowing liquor stores to sell these beverages for the first time.
The legislation, signed into law by Gov. Tim Walz(D), establishes clear guidelines for the production and sale of low-dose hemp-derived THC drinks. It also distinguishes between hemp-derived products and those made from marijuana, ensuring compliance with federal legality.
Dan Justesen, the owner of Utepils Brewing in Minneapolis, emphasized the significance of this distinction, as it allows small breweries like his to stay in the market, reported Kare 11.
Bob Galligan of the Minnesota Craft Brewers Guild, who successfully advocated for regulations and taxation, saidedibles and beverages will be subject to a 10% state tax, in addition to existing sales taxes, starting from July 1.
However, serving THC beverages on the premises requires a separate insurance policy to cover liability, which poses a challenge as insurance companies lack prior experience in this area.
