Nearly a 12 months after medical marijuana went from seed to cabinets at 9 pharmacies in Louisiana, there is a second participant in a market that’s about to get a bigger pool of sufferers affected by a wide-open vary of medical situations.
Southern University medical marijuana licensee Ilera Holistic Healthcare shipped out its first tinctures and topical lotions to pharmacies this month, becoming a member of LSU licensee Wellcana Group, which put its first tinctures on cabinets final August.
Within two weeks of Wellcana hitting the retail market final 12 months, almost 5,000 sufferers entered this system, with 1,500 receiving the drug at costs between $80 and $200 to deal with solely about a dozen medical situations.
Ilera is including competitors to a market through which the pharmacies have struggled with excessive wholesale costs and slim revenue margins, whereas sufferers have complained about an unaffordable remedy that’s held again its use.
Wellcana has dropped its costs, although undisclosed for aggressive causes, twice now prior to now a number of months to the extent of a way more mature hashish market, and its revenue margin for now is “razor thin,” officers have mentioned. Some pharmacies scattered throughout the state’s metro areas additionally discounted their costs earlier this 12 months, realizing that many sufferers weren’t returning as a result of of the associated fee. [Read more at The Advocate]