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CC WS PACKET 11262024
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CC WS PACKET 11262024
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11/20/2024 4:41:40 PM
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St. Anthony has <br />the potential to <br />drive local <br />economic <br />development <br />and enhance <br />community <br />safety through a <br />managed <br />cannabis <br />dispensary <br />MN cannabis legalization is <br />underway with an expanding <br />market <br />As Minnesota embraces cannabis <br />legalization, the market is poised for rapid <br />expansion. The upcoming regulatory <br />changes offer a unique window of <br />opportunity for municipalities like St. <br />Anthony. <br />Under current regulations, municipalities <br />are not subject to the lottery system for <br />licensing, allowing them the right to obtain <br />a license proactively. This positions St. <br />Anthony advantageously to control <br />distribution, ensure responsible <br />community integration, support local <br />economic growth, and generate significant <br />revenue for community projects <br />Opportunity for not only a <br />business-venture but community <br />based initiative <br />Our business plan outlines not just a <br />financial opportunity but also a <br />community-focused initiative. <br />By establishing a municipally managed <br />dispensary, St. Anthony can control <br />distribution to ensure responsible <br />community integration, support local <br />economic growth, and generate <br />significant revenue for community <br />projects. <br />St. Anthony needs to act fast to <br />ensure first mover advantage <br />and competitive edge <br />Immediate and strategic action is critical <br />to secure a competitive advantage and <br />maximize the benefits for the community. <br />Launching a municipal dispensary in <br />2025 will allow St. Anthony to set <br />standards and capitalize on early market <br />entry. <br />Additionally, it’s vital to consider the <br />competitive pressures from neighboring <br />areas and local businesses which also <br />seek to enter the market. Proactive <br />measures will ensure St. Anthony <br />becomes a leader in local cannabis and <br />enhances community welfare. <br />. <br />Executive summary <br />4 <br />14
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