Two local universities in Louisiana have chosen to get a medical marijuana cultivation license: Southern University and Louisiana State University. The legalization of the drug has been a long process. Not until recently, lawmakers established a more realistic framework for commercial medical marijuana use.
Medical marijuana advocates believe that the legalization allows qualified patients to choose an alternative treatment. Besides that, they say, it positively affects the economy and create jobs in the state. Current legislation allows one cultivator to grow cannabis in Louisiana and up to 10 pharmacies to distribute the drug. LSU seeks to produce it at a low cost to make it affordable for patients who need it. Southern’s Interim Chancellor for the Agricultural Research and Extension Center’s Adell Brown said the cultivation will help with the university’s enrollment, finances and allows the school to provide a public service to the citizens of the state.
Medical marijuana market is projected to be worth $13.5 million under qualifying conditions
Current Louisiana law recognizes the following conditions as qualifying for medical marijuana: cancer, glaucoma, spastic quadriplegia, HIV, AIDS, Crohn’s Disease, Hepatitis C and wasting syndrome. A market of $13.5 million is projected under those conditions.
Read more about the economic benefits and rising liabilities of cultivating cannabis.