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Louisiana medical marijuana maker planning major expansions, launch of hemp-derived CBD products

1/20/20--Wellcana Group has big expansion plans for its LSU-licensed medical marijuana operations in Louisiana and is separately courting farmers to grow hemp to support the company's launch soon into CBD products. Currently, Wellcana's Baton Rouge facility can grow a limited number of marijuana plants and manufactures tinctures for patients suffering from specific ailments outlined in state law. Read

Can LSU’s medical marijuana operations thrive?

4/10/17--Although seven companies have submitted proposals to handle medical marijuana operations for the LSU Agricultural Center, some bidders question whether the program can prosper under the limitations of the current state law. Others are less pessimistic. LSU is requiring bidders to bear the entire cost for a secure greenhouse and processing facility needed to produce the medication. The AgCenter estimates the program will cost $11.3 million and will need anywhere from four to nine years before revenue outstrips expenses. Read