A Louisiana company picked to be one of just two medical marijuana producers in the state has filed suit against the university that hired it last year, claiming the deal was negotiated by a minority stakeholder and the full company is not bound by the terms.
According to WAFB, Lafayette-based Advanced Biomedics – selected last fall by Southern University to oversee its MMJ cultivation program – is seeking an injunction against the university.
Advanced Biomedics instead wants to be able to renegotiate the terms of the contract with Southern.
The company’s lawsuit contends that university authorities have threatened to pull out of the contract if the rest of the company’s executives don’t agree to the terms of the deal.
The lawsuit asks a judge to “force Southern University to negotiate in good faith” with the company’s officers.
The other university given the authority to run an MMJ production program is Louisiana State University, which contracted with GB Sciences Louisiana to grow its cannabis.