Marijuana Business Factbook 2019

81 © Copyright 2020, Marijuana Business Daily , a division of Anne Holland Ventures Inc. You may NOT copy this Factbook, or make public the data and facts contained herein, in part or in whole. For more copies or editorial permissions, contact CustomerService@MJBizDaily.com or call (720) 213-5992, ext. 1. State-By-State: Legal Overview, Market Data and Outlook | Chapter 2 MJBIZDAILY.COM Business regulations Heavy. The Louisiana Department of Health’s Board of Pharmacy has published rules covering―among other things―security, product transport and tracking, packaging, labeling, product type and dosage requirements. These rules require all MMJ dispensaries have a "pharmacist-in- charge" who will oversee a bevy of duties from inventory management to waste disposal. Furthermore, all marijuana business applicants may be subject to background checks as part of the application process. BUSINESS TAXES & FEES Application Fees Dispensaries: $450 License Fees None, permit fee included in application fee Working capital/escrow/ bond requirements Dispensaries: An escrow account, letter of credit or surety bond in the amount of $100,000 or more State tax requirements 5.0% state sales tax plus applicable local sales tax State tax collections in 2018 N/A―program not yet launched SUPPLY CHAIN DYNAMICS Dispensary structure For-profit allowed Number of businesses allowed Dispensaries: 10 (licensed pharmacies) Cultivators: 2 (Louisiana State University, in partnership with GB Sciences, and Southern University, in partnership with Ilera Healthcare) Number of businesses operating in early 2020 Dispensaries: 9 have been licensed Cultivators: 2 Testing labs: All product is tested through the Louisiana Department of Agriculture and Forestry