Marijuana Business Magazine May-June 2019

Industry Developments | International & State Iowa The state House of Representatives approved a bill that, if successful, would lift the 3%THC potency cap for medical marijuana products sold under Iowa’s limited MMJ program. The potency cap has resulted in confusion for both the industry and medical marijuana patients. Removing the cap would likely improve business conditions for the MMJ market in Iowa, where sales began in November. Louisiana A Louisiana medical cannabis cultivator is planning to release a limited amount of product in May, which could temporarily alleviate some frustration from the ongoing delay in the program’s rollout. GB Sciences, which has the contract to cultivate medical marijuana for Louisiana State University, will release the marijuana it has grown in a temporary facility to the nine permitted pharmacies in the state. However, it’s still not clear when medical marijuana sales will begin. Manage your cultivation and extraction operations in one system Connect directly to state and Canadian regulatory systems Track your plants with barcoding and RFID Manage your entire business, including POS and payroll Runs in the cloud on any device nextecgroup.com/mjbiz