New cannabis business takes over Louisiana MMJ grower contract

Pennsylvania-based Ilera Holistic Healthcare is taking over the contract to grow medical marijuana on behalf of Louisiana’s Southern University for the state’s MMJ program.

Shreveport TV station KTBS reported that the company with the initial contract – Advanced Biomedics – never became operational because of disputes between the owners.

Ilera bought the 68% stake in Advanced Biomedics that was held by a Louisiana businessman. Terms of the deal weren’t disclosed.

Ilera paid Southern $2.15 million – the initial installment of more than $6 million in payments the university is slated to get from Advanced Biomedics, The (Baton Rouge) Advocate reported.

The newspaper also reported that Ilera plans to buy a 40-acre parcel of land in north Baton Rouge, adjacent to an existing Southern University AgCenter facility.

The company plans to build a temporary facility there to get MMJ on store shelves in the “early second quarter” of 2019, according to The Advocate. It eventually plans to construct a permanent facility after securing approval from state regulators.

Louisiana’s other MMJ grower, GB Sciences, is cultivating cannabis on behalf of Louisiana State University.

2 comments on “New cannabis business takes over Louisiana MMJ grower contract
  1. Cynthia B Cade on

    To Legalize Marijuana Is A SCAM!+, #Death Trap For Society As A Whole. The Trap Robberies,Murders, Aggrava Ted Assaults, Mass Shooting s, More Rapes, Kidnappings, Crime Rate especially in Shreveport ,la. WHY???? “TO GET A FREE HIGH & SELL IT ON THE STREET TO COME UP# A LICK!!! They All The Above Crimes Already & Give Them A REASON # LEGALIZE WEED!!!, $$$$ SIGNS!!!! That Just Put EVERY! EVERY! LAW ENFORCEMENT DEPT # BEYOND HELL’S FIRE & THIE R LIVES & THIER FAMALIES & THE CITIZENS LIVES IN DEAT H TRAP BEYOND WHAT THE LIMITS TO SAFE, ENJOYABLE LIVING THAT OUR LAW OFFICES WOULD BE ABLE TO PROVIDE FOR US. The CHILD REN, DISABLED, SENIORS-EL DERLY WILL SUFFER!!!! SOOO BAD. Food stamps SOLD! Welfare Checks Gone! Medic aid Card Use Fraud, Debit Card/ Social Security Checks Robbed of By That Family Member To Get Legalized #WEED& Ooooh The INFAM OUS #INCOME TAX RETURNS & CHILD CLAIMING SCAMS & ALL THE HOLIDAYS THEY ALREADY STEAL FOR!!! THE EX-CONS, # GANGS With MORE GUNS & BETTER FIRE POWER THAT LAW ENFORCE MENT OWN NOW TO USE TO Try To Keep LAW ABIDING CITIZENS LIVES HOUSES & PROPERTY SAFE FROM ALL THE ALREADY INCREASING CRIME WAVE #WITHOUT# ADDING LEGALIZED !!!!! MARIJUANA’s CHAOTIC!!!! EXTRA #WAR# ON DRUGS. & I MUST NOT LEAVE OUT STREET GAMBLING!, HUSTLI NG & CASINO FRAUDS. ??IN GOD I TRUST

    Reply
    • Frank on

      You clearly don’t know how it works. You do realize that people are going to get it wether it’s legal or not right? And the only reason it currently brings violence and crime is because it is illegal. Make it legal and you don’t have to have someone risk their freedom just to deal it, or buy it for that matter. If it shouldn’t be legal, then explain how it’s any different from alcohol? I can tell you. It may not be healthy for you to smoke it, I personally don’t believe anything other than air SHOULD be inhaled into your lungs, but alcohol damages your body. No matter how you ingest it. Edible weed has never been proven to do any physical damage to anyone. And what reason would these gangs, with MORE gunsas you say, have to do anything they aren’t doing now? There isn’t one. You’re just someone who has never done it and you believe what other people on the media tell you. You follow them like a sheep. And that’s what’s wrong with this country. Legalization all the way!

      Reply

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