Louisiana grower says medical cannabis rollout a ‘few weeks’ away

What’s the right revenue per square foot? What’s a realistic business outlook for cultivators? Get realistic market forecasts, state by state insights and benchmarks. Preorder the 2023 Factbook. 

A Louisiana cultivator could soon start selling the state’s first medical marijuana products to retailers.

“We’re in the process of bottling the final formulations and we’re waiting to put the labels on the bottles that will describe the contents,” John Davis, a vice president of grower GB Sciences, told Baton Rouge TV station WAFB.

“That’s how close we are. We’re all aiming for the next few weeks.”

His company, which grows medical marijuana in conjunction with Louisiana State University, is one of two MMJ cultivators in the state.

The much-anticipated program rollout experienced numerous delays as a result of a dispute between state regulators and GB Sciences, testing policies and other issues.

Even when sales start, it’s expected that only a limited supply of medical marijuana will be available in the state’s nine licensed dispensaries.

The fledgling Louisiana medical cannabis market is small.

The recently released Marijuana Business Factbook projected sales will hit only $1.8 million-$2.2 million in 2019.

For more on this situation, click here.