BILL · 2025–26 SESSION

HB 1348: Cannabis/employee ownership

Concerning employee ownership of licensed cannabis businesses.

Summary

Authorizes an employee stock ownership plan (ESOP) to own up to 100 percent of the stock in a licensed cannabis business or a business that is an owner of a licensed cannabis business.
Exempts participating employees, the ESOP administrator, and the ESOP trustee from certain requirements that otherwise apply to owners of licensed cannabis businesses.
Requires corporate officers and directors, or persons with an equivalent title, to qualify for and be named on the license, with respect to any interests held in a business owned by an ESOP.

From the House Bill Analysis 2025 (HB 1348), written by the Legislature's nonpartisan staff. Read the full report ↗

Did not pass Did not pass · died in committee

AN ACT Relating to employee ownership of licensed cannabis businesses;

No recorded floor votes. This measure never reached a floor vote.

Bill numbers restart every two years, so the same number is a different bill in each session.

HB 1348 (2023–24) Behavioral health support · Did not pass · died in committee
HB 1348 (2021–22) Incarcerated persons/medical · Enacted · Chapter 166, Laws of 2021
HB 1348 (2019–20) B&O tax provisions · Did not pass · died in committee
HB 1348 (2017–18) State water code priorities · Did not pass · died in committee
HB 1348 (2015–16) Crisis intervention/officers · Did not pass · died in committee
HB 1348 (2013–14) Community & tech colleges · Did not pass · passed House, stalled in Senate
HB 1348 (2011–12) State gen. obligation bonds · Did not pass · died in committee
HB 1348 (2009–10) Professional athletics · Did not pass · died in committee