Who can grow louisiana medical marijuana? Is it a free-for-all, or are there regulations in place?
Marijuana is now legal in some form in over half of the United States. This has created a new industry with a lot of opportunities for entrepreneurs.
Louisiana, however, has not yet joined the movement. So, who can grow marijuana in Louisiana? The answer may surprise you. Read on to find out more.
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Who Can Legally Grow Marijuana in Louisiana?
It is illegal under Louisiana law for individuals to cultivate marijuana at home or elsewhere. Even if you're a medical cannabis user, growing your own cannabis is still not allowed.
Only licensed growers are allowed to cultivate marijuana in Louisiana. Currently, two organizations - Louisiana State University Agricultural Center (LSU AgCenter) and Southern University Agricultural Center - have the permission to grow and cultivate medical marijuana in Louisiana.
Both centers have private partners who are allowed to cultivate medical marijuana. Good Day Farm is an example of one such partner.
Good Day Farm Louisiana
Good Day Farm is Louisiana's largest medical cannabis cultivator that was established in 2020 and works with the Louisiana State University AgCenter. The firm provides the state with a wide selection of cannabis goods, including flower, syringes, tinctures, creams, and soon vapes and edible chews.
The company is located in Louisiana, Arkansas, and Missouri, and it's utilizing high-tech growing techniques and extraction methods. It added 50,000 square feet of cannabis canopy to its 225,000 square foot cultivation and processing plant in Ruston this year.
This addition is in response to the growing demand for cannabis in Louisiana, as well as the prospective legislative efforts to increase the number of growers. According to MJBizDaily, Louisiana's medical marijuana sales are expected to grow to $400 million by 2025.
Smokable medical marijuana is now legal in the state since January 1, 2022. Because of this, the demand for medical cannabis in LA is expected to double.
Who Can Grow Marijuana in Louisiana FAQ
Can anyone grow medical marijuana in Louisiana?
No. Only licensed growers are allowed to cultivate medical marijuana in Louisiana. Louisiana State University Agricultural Center (LSU AgCenter) and Southern University Agricultural Center have permission to grow and cultivate medical marijuana in Louisiana.
Can you legally buy marijuana in Louisiana?
Yes. If you have a valid recommendation from a licensed doctor and your name has been added to the state's medical marijuana registry, you may legally acquire medical marijuana in Louisiana.
Do you need a license to grow hemp in Louisiana?
In Louisiana, any individual growing, handling, transporting, or processing hemp or hemp seed needs a license from the state. A background check is required for those applying for a license. Anyone convicted of a felony within the last ten years or a drug-related misdemeanor in the previous two years is not allowed to apply.
How profitable is a dispensary?
After taxes, the average net profit margin for medical and recreational cannabis dispensaries is about 15 to 21 percent. Thus, while dispensaries an be quite profitable, it's important to remember the taxes involved in operating a dispensary in LA.
What is the cheapest state to open a dispensary?
Oklahoma is one of the more affordable states in which to open a marijuana dispensary. In Oklahoma, the typical licensing fee for a medical marijuana company is about $2,500. Start-up costs may range from $80,000 to $150,000. You'll also need around $50,000 per month to maintain your business.
Closing on Who Can Grow Marijuana in Louisiana
As you can see, only a few licensed growers are allowed to cultivate marijuana in Louisiana. This is currently limited to two organizations. However, this could change in the future.
If you're interested in getting involved in the legal cannabis industry, there are plenty of opportunities available. But make sure to do your research and understand the laws before getting started.
And if you're looking for accessible medical marijuana in Louisiana, contact us to day to schedule a consultation with one of our registered physicians. Get your medical marijuana recommendation now.