The LSU AgCenter is betting the future of its medical marijuana business on a small Las Vegas company’s ability to raise the cash needed for a plant growing and processing center.
GB Sciences Inc., selected last week from among seven proposals, plans to invest up to $6.5 million over the next two years to expand an existing office-and-warehouse building and set up operations, CEO John Poss said. Patients could get the first batch of medicines as early as January or as late as March.
In order to accomplish that, the publicly traded company will have to attract more money from investors. Poss