Minnesota cannabis is moving fast this summer — OCM's license cap review is underway, the 2026 Cannabis Omnibus Bill takes effect August 1, and new dispensaries are opening across the state. OCM License Cap Review: July 1, 2026 triggered OCM's statutory reassessment of cultivator, manufacturer, retailer, and mezzobusiness license caps — no changes are guaranteed, but the review is real and ongoing. OCM Petition Period Closes July 31 at 4 p.m.: Anyone — patients, companies, researchers — can petition OCM to add new medical cannabis products, product categories, delivery methods, or to declare a cannabinoid nonintoxicating. 2026 Cannabis Omnibus Bill (Gov. Walz, May 26): Sponsored by Rep. Jessica Hanson (DFL–Burnsville), the bill merges medical and adult-use supply chains on August 1, allowing one operator to serve both patients and adult-use customers. Hemp + Cannabis Dual Licensing: Starting August 1, hemp businesses can hold cannabis licenses without divesting — a major shift for the THC beverage sector. New Dispensaries: Winona opened its first dispensary at 173 East Second Street (July 2026); Anoka launched Minnesota's first city-owned dispensary in February 2026; Osseo's municipal dispensary (former Press & News building) targets a Nov/Dec 2026 opening. Social Equity Caps Under Review: Pre-July SEA caps stood at 25 cultivator, 12 manufacturer, 75 retailer, and 50 mezzobusiness licenses — half of all capped licenses remain reserved for verified social equity applicants. Myrcene 101: The most common terpene in cannabis, myrcene is linked to analgesic, anti-inflammatory, and sedative effects in peer-reviewed research — check your COA for myrcene % and ditch the outdated indica/sativa labels. Legacy Cup Year 6: Minnesota's largest cannabis festival returns to Surly Brewing's Festival Field in Minneapolis, featuring hemp-derived THC beverages and live music. OCM FAQ — mn.gov OCM Annual Petition Period News Release OCM Social Equity Licensing & Lottery Gov. Walz Signs 2026 Cannabis Omnibus Bill — JD Supra Minnesota Merges Medical and Adult-Use Supply Chains — MJBizDaily 7 Changes to Minnesota Cannabis Laws — Star Tribune Winona's First Dispensary Opens — Winona Post Anoka Municipal Cannabis Dispensary — MPR News Osseo Municipal Cannabis Store Update — Minneapolis Media Myrcene Research — NIH/PubMed Legacy Cup — Minneapolis.org Subscribe: mncannabishub.com Full transcript Will: —and that's the thing, Matilda, like, July hits and suddenly everybody's a policy expert. My group chat is UNHINGED right now. Matilda: Oh I bet. Because of the license cap review? Will: Because of the license cap review. July 1 was the trigger date, right? That's when OCM is officially supposed to sit down and go, okay, are these caps actually matching what the market needs. Matilda: Right, and people hear "review" and immediately assume it means more licenses tomorrow. Will: Exactly. Ope, slow down there, buddy. Matilda: It's a review. It's not a giveaway. Will: It's a review. But it IS a real moment. Like, this is the first time the state has to actually look at the caps and say, is 75 retailers on the social equity side the right number? Is 25 cultivators the right number? Matilda: Wait, so those are the pre-July numbers you're talking about? Will: Those are the pre-July SEA caps. 25 cultivator, 12 manufacturer, 75 retailer, 50 mezzobusiness. Half of everything reserved for verified social equity applicants. Matilda: And that's what's being re-evaluated. Not thrown out, re-evaluated. Will: Correct. And I want to say this plainly because I think people get confused — the social equity structure isn't going anywhere. That's baked in. What's being looked at is the SIZE of the pie. Matilda: Okay. Because I've seen people online swearing the caps are getting doubled next month and I'm like... where are you getting that. Will: The internet, Matilda. The internet is getting that. Matilda: Fair. Will: I don't actually know what OCM is gonna land on. I want to be honest about that. Could be modest bumps, could be a bigger rethink, could be "yeah these numbers are fine, next." Matilda: See, that's the part I appreciate. Because everybody wants to talk like they've got the inside line. Will: I don't got the inside line. I've got the same FAQ page you've got. Matilda: Which, hey, mn.gov/ocm/faq — it's actually readable. Which for a government site is a minor miracle. Will: It's shockingly readable. You betcha. Matilda: Okay, one you-betcha per episode, that's the rule. Will: That's the rule. But while we're on OCM — the petition window. This is the part I don't think enough people know about. Matilda: Oh, tell them. Will: So OCM has an annual petition period. It's open right now, and it closes at 4 p.m. on July 31. Matilda: 4 p.m. Not end of day. 4 p.m. Will: 4 p.m. sharp. Government hours, doncha know. Will: And what you can petition for is genuinely broad. New medical cannabis products. New product categories. New delivery methods. Or — and this is the interesting one — you can petition to declare a specific cannabinoid nonintoxicating. Matilda: Wait, hold on. Anybody can file that? Will: Anybody. You, me, a patient, a company, a researcher. Matilda: That's actually kind of wild. Because I always assumed that stuff was, like, industry-only. Will: Nope. It's a public process. Which means if there's a delivery method that isn't currently on the medical side and you think it should be, you have until July 31 to say something. Matilda: Okay, that's genuinely useful information. That's the kind of thing that never makes it into a headline. Will: Never. Because "annual petition period opens" is not clickbait. Matilda: It really isn't. Will: But it matters. Especially for patients — like, if there's a form of medicine that would actually help you and it's not available, you have a lane. Matilda: O...