How much will Louisiana make off medical marijuana sales?

By Sarah Gamard

BATON ROUGE — The lucrative nature of medical marijuana sales was at the center of a Louisiana House committee discussion on a law that puts the state into the distribution business. LSU and Southern University plan to grow marijuana for use as medical treatments, as authorized under 2016 legislation to legalize and regulate the distribution.

LSU’s operation alone is estimated to cost between $10 million and $15 million. But the Committee on Agriculture, Forestry, Aquaculture and Rural Development was warned Thursday (April 27) that it will take seven to eight years for the operation to become lucrative.

Read the story in Times-Picayune