The Senate Economic Development meeting held on May 15, 2025, focused on several key topics, particularly concerning the cannabis industry and financial proposals. The meeting began with discussions on the financial implications of a proposed fee structure, where members expressed concerns about presenting a deficit to the finance committee.

The primary agenda item was the introduction of a pilot project for a cannabis showcase event. The committee reviewed amendments to the session law governing this initiative. A significant change discussed was the requirement for applicants to partner with at least three licensed cultivators, specifically tier 1 or tier 2, to qualify for a showcase event permit. This amendment aims to ensure that the showcased products come from a diverse range of cultivators rather than the retailer's own stock.

Additionally, the committee emphasized the need for a transparent revenue-sharing agreement that aligns with the goals of promoting market access for small cultivators. The board will have discretion in determining what constitutes a fair agreement, allowing for flexibility in negotiations with applicants.

The meeting concluded with a reminder for members to review the proposed amendments and prepare for further discussions. Overall, the session highlighted the ongoing efforts to regulate and support the cannabis industry while addressing financial concerns within the state.