BATON ROUGE, La. (AP) - Louisiana State University has completed its contract with a company that will grow medical marijuana and says the drug is expected to reach patients by mid-2018.
The LSU AgCenter announced Monday its deal with Las Vegas-based GB Sciences is signed. The AgCenter says the company will start renovating its production facility immediately.
Lawmakers agreed to a framework for dispensing medical marijuana in 2015, but only allowed the agricultural centers at LSU and Southern University to grow the product. Southern hasn't yet chosen its grower.
The law will eventually get medicinal-grade marijuana to people with cancer, a severe form of cerebral palsy, seizure disorders, epilepsy, muscular dystrophy and other diseases.
GB Sciences has agreed to pay LSU $3.4 million over five years or 10 percent of gross receipts, whichever is higher.
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