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Louisiana State University estimates it will need $11.3 million to build a state-approved medical marijuana cultivation complex and run it for about five years, when it expects to start turning a profit.
The venture could open the door for entrepreneurs to own and operate the cultivation center on behalf of the university.
LSU and Southern University, both based in Baton Rouge, are the only two institutions in Louisiana that will be permitted to grow medical marijuana under the state’s medical marijuana law signed in May.
LSU will seek the funding from outside investors and run the