Louisiana Medical Marijuana Grower is Slashing Prices Again
Last week, the great state of Louisiana expanded the list of medical maladies that qualified for possible treatment with medicines made from pharmaceutical-grade marijuana. Conditions that officially meet the standard for this controversial treatment went from an anemic 13 to basically "anything" overnight.
Allow me to clarify: By "anything" I mean (and I'm quoting from the law here):
"Any condition not otherwise specified in present law or proposed law that a physician, in his medical opinion, considers debilitating to an individual patient and is qualified through his medical education and training to treat."
You can read more about the new rules on medical marijuana here, but the updated legal status cannabis-based medicines has already caused ripples in the industry. WBRZ is reporting that one of the two legally authorized marijuana growers in the state is slashing their prices - again!
In what could be a move to streamline what is going to be a massive increase in demand for these medicines, Baton Rouge-based Wellcana Group has announced that they would be drastically cutting prices for the second time this year. This move will make it easier for dispensaries to "load up" on enough product to satisfy the needs of what is expected to be a massive surge in new patients.
On top of the expected increase in volume, Wellcana CEO John Davis also announced that his company would be offering a new product for dispensaries within the next month. An edible "THC Concentrate" that would allow patients to consume their medicine cooked in food or mixed with a drink.