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Economic Development Advisory Committee <br />March 2, 2023 <br />Page 2 <br />store by Great White Companies MN, LLC. The study is anticipated to be presented to the <br />City Council at their works session on July 7, 2025. <br />If the City moves forward, it would likely be under a public/private partnership whereby a <br />private entity would own and operate the store and profit share with the City. However, <br />no decisions have been made by the City Council, at this time, other than tostudy the <br />opportunity. <br />Bill Parker withGreat White Companies, LLC waspresent to discuss the feasibility study <br />and answer questions regarding the viability of the operation and cannabis retail business <br />in general. <br />Mr. Bennett had questions regarding the $125.00 amount in the draft feasibility study. <br />Mr. Parker explained this would be the average spend per user per month. <br />Mr. Cravero spoke about the projected salaries and Mr. LaCroix had questions regarding <br />whetherthe presented salary would be feasible. Mr. Parker stated that with the projected <br />number of consumers this would be a reasonable projection. Mr. LaCroix also had <br />concerns regarding traffic arounda future cannabis retailer. Mr. Parker stated this is one <br />of the main areas that they investigatewhen looking for a future store. <br />Mr. Bennett wanted clarity on how much the City would be involved. Mr. Grochala stated <br />that the City Council would want a non-complete clause, but other than that the City <br />would be hands off. Mr. Wagner wanted to know whether the City would get a portion of <br />the sin tax. Mr. Parker explained that the State recently passed legislation that removed <br />the percentage that would be retained by the municipality. <br />Mr. Rennaker asked for more clarity on how the federal law factors in and what this <br />would mean for the municipal store. Mr. Parker explained that the current administration <br />is being pushed to classify cannabis from schedule one to schedule three. Moving to <br />schedule three would mean this would not be just a cash-basedsystem. <br />Mr. Vojtech had questions about whetherthis would be strictly a recreational license. Mr. <br />Parker explained that the way the state set up the licensing, it would not make sense to <br />get a medical dispensing license. Mr. Vojtech questioned if there was a reason the City <br />didn’t have a municipal liquor store. Mr. Grochala explained that since there arealready <br />severalliquor stores in the city it wouldn’t be beneficial, with cannabis the City would be <br />getting in at the ground floor. <br />Mr. Kohler had concerns about the medical impacts of cannabis. Mr. Parker explained that <br />since cannabis is still classified as schedule one there have not been many studies <br />regarding the medical impact of regular cannabis use. <br />DRAFTMINUTES <br /> <br />