Nevada firm picked to run LSU’s medical marijuana program

Louisiana State University selected GB Sciences, a Nevada-based marijuana company, to operate the school’s medical marijuana program, one of two in the state.

Under the arrangement, GB Sciences is required to make a minimum $3.4 million contribution or a 10% commission on gross receipts to the LSU AgCenter, according to the Greater Baton Rouge Business Report. The state won’t spend any money on the estimated $10 million undertaking, the Times-Picayune reported.

The company, which trades on the over-the-counter markets under the symbol GBLX, also must make a $500,000 annual investment in the

Nevada firm picked to run LSU’s medical marijuana program is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

Source: MjBizDaily