Dig Baton Rouge

Change to medical marijuana law could help state in budget crisis

A recent study says that between $204 million and $334 million could come to the state if it changes its medical marijuana law, according to the Greater Baton Rouge Business Report.

The study conducted by the Louisiana Cannibus Association and the Colorado-based Marijuana Policy Group says Louisiana currently limits medical marijuana to just three conditions, so the market is small in the state. If the number of eligible conditions for medical marijuana were widened, the state would make more money.

“By adopting the same limits on the conditions that are allowed to be treated by medical marijuana as those found in other states, Louisiana can create meaningful increases in tax receipts,” said Adam Orens, a partner at the Marijuana Policy Group, according to The Business Report.

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