Three Surprising Numbers for Cannabis Businesses This Week

Three important numbers you should know about the cannabis industry this week.

$6 million

Southern University of Carenco, La. awarded newcomer medical cannabis company Advanced Biomedics a $6 million contract to grow, process and distribute medical cannabis. Advanced Biomedics plans to construct a 40 thousand square foot facility in Baker, La.

89.5 percent

Almost 90 percent of physicians-in-training said they do not feel prepared to prescribe medical marijuana according to a recent survey, and only nine percent of medical school curriculums document content on medical marijuana in the Association of American Medical Colleges database.

10,000 to 200,000 square feet

The trend in cannabis grow facilities is to go big, according to EnviroGrow CEO Dan Williams: “The trend in cannabis is large-scale facilities from 10,000 to 200,000 square feet as states are giving out a limited amount of cultivator licenses.”

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