• Daily Marijuana Observer Facebook
  • Daily Marijuana Observer Twitter
  • Daily Marijuana Observer StockTwits
  • Daily Marijuana Observer SA
  • Daily Marijuana Observer Instagram
  • Daily Marijuana Observer Youtube
  • Pinterest Social Icon
  • Daily Marijuana Observer Talk Market

GB Sciences Beats Out Competition to Win LSU Cultivation Bid

June 26, 2017


This morning, GB Sciences, Inc. (OTC:GBLX) secured their bid to operate the Louisiana State University (LSU) Agricultural Center's medical cannabis production facility. The secured bid will enable GB Sciences to be the sole vendor of cannabis and extracted cannabis compounds on behalf of LSU for the patients of Louisiana.


Now, GB Sciences and the LSU AgCenter will be proceeding with contract negotiations that they expect to complete within the next 30 days. They hope to have the finalized contract executed by August. 


Louisiana's Medical Cannabis program 


In 2015, Louisiana's state legislature passed a law allowing for the production and use of medical marijuana. The only two medical cannabis cultivation, distribution and sales licenses in the state were granted to the agricultural centers at LSU and Southern University. The Act also authorizes the LSU AgCenter to conduct cannabis-related research. 


In regards to conditions treated, Louisiana's program is relatively limited. The Act lists cancer, HIV and AIDS, cachexia or wasting syndrome, seizure disorders, epilepsy, spasticity, Crohn's disease, muscular dystrophy and multiple sclerosis as qualifying conditions. 


Doctors are also limited in their number of medical marijuana patients, patients must first try a federally approved form of medical marijuana (i.e. dronabinol) and patients must revisit their doctor every 90 days. 


GB Sciences' Role & Research 


In addition to producing and selling medical cannabis products to eligible patients, GB Sciences will be conducting research in partnership with the LSU AgCenter. GB Sciences will have the first right to commercialize any inventions or discoveries that result from the research. The company's research goal is to advance their patented formulations toward FDA approved Clinical Trials.


The Competition 


Six other companies made bids to operate the LSU facility. The other companies were Columbia Care Louisiana, CB Medical, Captiva LA, Southern Roots Therapeutics, Fourier House and Tear Holdings. CB Medical contracted American Cannabis Company, Inc. (OTC: AMMJ) back in April to assist with their bid.


Management Commentary 


GB Sciences' CEO, John Poss


"This is groundbreaking news and a tremendous opportunity. Now that approval from the Louisiana State University Board of Supervisors has been received, contract negotiations will commence and should be completed within the next 30 days. Then we can begin the real work."




For more information on GB Sciences, be sure to check out the company's profile in our marijuana stock database


For more information on Louisiana and their medical marijuana program, be sure to check out our Louisiana state news page


Be sure to subscribe to one or more of our free newsletters so you never miss an important marijuana industry update. Also, don't forget to connect with The Daily Marijuana Observer on FacebookTwitter, and Instagram if you haven't already. 






Investing in nanocap, microcap, and small cap stocks is highly speculative. The publishers of DailyMarijuanaObserver.com are not registered as Investment Advisors or Broker-Dealers in any jurisdiction whatsoever. The information contained on DailyMarijuanaObserver.com (“this site”) has been prepared solely for informational purposes. Nothing on the site is an offer or solicitation to buy or sell securities. Investors should seek financial advice regarding the appropriateness of investing in any securities mentioned from their financial advisor.

Please reload

Please reload

Please reload


© Copyright 2016-2020 Smoke Show Ventures, Inc.

RSS Feed

Disclaimer: Except for the historical information and data presented herein, matters discussed in articles on this website contain forward-looking statements that are subject to certain risks and uncertainties that could cause actual results to differ materially from any future performance or achievements expressed or implied by such coverage. Smoke Show Ventures, Inc., which owns The Daily Marijuana Observer, is not registered with any financial or securities regulatory authority, and does not provide nor claims to provide investment advice or recommendations to readers of this release. Smoke Show Ventures, Inc., which owns The Daily Marijuana Observer, may from time to time have a position in the securities mentioned herein and will increase or decrease such positions without notice. Before making specific investment decisions, readers should seek their own professional advice and that of their own professional financial adviser. Smoke Show Ventures, Inc. or its affiliates, which owns The Daily Marijuana Observer, may be compensated for its services in the form of cash-based and/or equity- based compensation in the companies it writes about, or a combination of the two. For full disclosure please visit: https://www.dailymarijuanaobserver.com/legal-disclaimer/.