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Baton Rouge location chosen for LSU marijuana facility
Posted on 2/15/18 at 5:48 pm
Posted on 2/15/18 at 5:48 pm
quote:
GB Sciences selects former Pepsi distribution site for medical marijuana facility in Baton Rouge
LINK
GB Sciences, the Las Vegas-based company handling medical marijuana operations for the LSU AgCenter, has leased a former Pepsi distribution site near Highland Road and Interstate 10 in Baton Rouge.
GB Sciences LLS, the entity set up to operate the local medical marijuana business, signed the lease for the 5.40-acre site at 18350 Petroleum Drive in August, according to a quarterly filing GB Sciences made Wednesday with the U.S. Securities and Exchange Commission. Along with the land, the property has a 36,125-foot-square building on the site.
Under the terms of the lease, GB Sciences is spending $25,588 a month on rent through June 2022. If the company decides to extend the terms of the lease, it will bump up to $28,147 in August 2022. If a second lease option is extended, the rent will rise to $30,966 in August 2027.
Under GB Sciences’ five-year licensing contract, the LSU AgCenter will receive a minimum financial contribution of $3.4 million, or 10 percent of gross receipts. GB Sciences will pay at least $1 million for the first year of the contract and $600,000 for the remaining years. The company will also make an annual research investment of $500,000 to the AgCenter. The company finalized its agreement with the AgCenter in September.
quote:
Construction of the production facility should be finished by March and medical marijuana should be available by late summer, AgCenter officials said.
LSU AgCenter officials asked that the location of the medical marijuana facility be kept confidential because of safety and vandalism concerns, said Bill Settoon Jr., vice president and general manager for GB Sciences Louisiana. But the address was revealed in the SEC filing.
Two off-duty East Baton Rouge Sheriff’s deputies will be on the scene while operations are ongoing at the facility, he said.
This post was edited on 2/15/18 at 5:49 pm
15
Posted on 2/15/18 at 5:50 pm to member12
That place will be burgled daily
Posted on 2/15/18 at 5:50 pm to member12
there will be so many student job applicants applying to work here
Posted on 2/15/18 at 5:51 pm to upgrayedd
I just noticed that it is less than a mile from Healing Place Church.
Posted on 2/15/18 at 5:52 pm to member12
quote:
Two off-duty East Baton Rouge Sheriff’s deputies will be on the scene while operations are ongoing at the facility, he said.
Two fat cops with stainless .357's will be pretty much worthless
Posted on 2/15/18 at 5:54 pm to member12
That's too close to my house...
Posted on 2/15/18 at 5:55 pm to upgrayedd
quote:
Two fat cops with stainless .357's will be pretty much worthless
Those poor snack machines.....
Posted on 2/15/18 at 5:58 pm to member12
First Top Golf, now this?
Posted on 2/15/18 at 6:09 pm to member12
Posted on 2/15/18 at 6:12 pm to member12
quote:
LSU AgCenter officials asked that the location of the medical marijuana facility be kept confidential because of safety and vandalism concerns
Right. "Vandalism concerns".
Posted on 2/15/18 at 6:14 pm to northshorebamaman
The student workers there will probably have some pretty extensive background checks.
Will this result in more funding to LSU?
Will this result in more funding to LSU?
Posted on 2/15/18 at 6:15 pm to Jim Rockford
Too close to residents. Kids may wander in there and OD and die.
Posted on 2/15/18 at 6:17 pm to member12
They better have'em butt naked while grooming..... if not they gonna have the hottest product between Airline and Sherwood. Clippings will be removed daily.
This post was edited on 2/15/18 at 6:20 pm
Posted on 2/15/18 at 6:18 pm to member12
One step closer 
Posted on 2/15/18 at 6:20 pm to member12
quote:
The student workers there will probably have some pretty extensive background checks.
Of course, the type of people that will have access are also not the type of people willing to risk their career to sneak a few grams out
Posted on 2/15/18 at 6:23 pm to member12
it must be high ground.
Posted on 2/15/18 at 6:26 pm to member12
GBLX is their ticker symbol if you guys interested, been a really good swing and flip in the last month or so.
Posted on 2/15/18 at 6:28 pm to Tigertracks
Technically, Scotlandville is higher ground, but then we'd have to listen to Gravy and his pseudo-fresh variation on the "liquor stow on erry kawnuh" theme.
This post was edited on 2/15/18 at 6:29 pm
Posted on 2/15/18 at 6:32 pm to 19
quote:
Technically, Scotlandville is higher ground
Not for long.
Posted on 2/15/18 at 6:48 pm to MrSmith
quote:
That's too close to my house
You can resist, you'll be ok.
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