NEWS BRIEF

Second medical marijuana processor launches in Iowa

Iowa’s fledgling medical cannabis market, which counts 3,000 registered patients, has been bolstered by a second processor and new products.

Here are the latest developments for a program that the Marijuana Business Factbook projects will reach $4 million-$5 million in sales this year:

  • The second state-approved medical cannabis cultivator/processor, Cedar Rapids-based Iowa Relief, launched last week. The company will initially offer a CBD tincture with plans to sell a CBD-THC tincture, according to The Courier of Waterloo-Cedar Falls.
  • The state’s first processor, MedPharm Iowa of Des Moines, plans to release vapor-based products.

Iowa’s medical cannabis program launched in December 2018.

MMJ sales in Iowa are approaching $1.34 million, The Courier reported, citing a state program manager.

The program is limited to five dispensaries and two grower/cultivators.

Republican Gov. Kim Reynolds has been reluctant to support expansion.

She vetoed a bill this year that would have lifted the 3% THC cap on product potency.

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