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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