Louisiana Medical Marijuana Grower Says It Will Cut Prices

Dried Cannabis Buds Spilling Out Of Pill Bottle

BATON ROUGE (AP) — Louisiana’s only medical marijuana grower currently selling cannabis said it intends to slash the price of its wholesale products for the second time this year.

The Advocate reports that Wellcana Group, the Baton Rouge-based medical marijuana grower licensed by the Louisiana State University AgCenter, announced the move Monday. It comes after state lawmakers agreed to allow any doctor to recommend the use of medical marijuana for any debilitating condition, a decision expected to increase the number of patients buying the product.

- Sponsors -

“We think that this a big step,” said John Davis, chief executive officer of Wellcana.

Wellcana sells directly to nine state-licensed pharmacies, some of which have already been discounting the retail price of medical marijuana for several months in response to patient demand for more affordable medication. Health insurance typically doesn’t cover therapeutic cannabis.

The company currently offers cannabis in a flavored liquid tincture, a bottle containing a dropper to use. Wellcana said it’s expanding into a new product that is a THC concentrate, which can be blended into food and drinks, expected by the end of the month.

- Partner Content -

Entergy’s Energy Smart Program Brings Cost Conscious Innovation to New Orleans

Offering comprehensive energy efficiency at no cost to the consumer, Entergy’s Energy Smart program incentivizes Entergy New Orleans customers to perform energy-saving upgrades in...

Only the LSU and Southern University agricultural centers are authorized to grow cannabis in Louisiana. Southern’s grower hasn’t yet started its sales.

Digital Sponsors / Become a Sponsor

Follow the issues, companies and people that matter most to business in New Orleans.

Email Newsletter

Sign up for our email newsletter