LSU completes deal with medical marijuana producer

Louisiana State University has completed its contract with a company that will grow medical marijuana and says production could begin by mid-2018. The LSU AgCenter said in announcing the arrangement Monday that its new partner, Las Vegas-based GB Sciences, will start renovating its production facility immediately, The Advocate reported. The deal was formalized despite a protest┬áin which a competitor that was passed over for the contract questioned GB Sciences’ financial stability. GB Sciences has agreed to pay LSU $3.4 million over five years or 10% of gross receipts, whichever is higher. ... LSU completes deal with medical marijuana producer is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs