Iowa’s medical marijuana law takes effect Saturday and a Minnesota cannabis producer says his business is not yet profitable two years into that state’s program. Doctor Andrew Bachman is C-E-O of Leafline Labs. He says Minnesota’s law creates a more sustainable business climate, in part because Iowa’s law limits the T-H-C content of medical cannabis.
The two states have similar medical cannabis laws, but Iowa’s is more restrictive. Iowa’s new law will allow for two medical cannabis manufacturers and five dispensaries in the state. Bachman says Iowa may be overestimating how many residents will take part in the expanded program. Iowa’s Legislative Services Agency estimates six-thousand people will register to use medical cannabis, but Bachman says that’s a very generous guess.
Minnesota has a much larger population than Iowa, and it’s less restrictive than Iowa in terms of what cannabis products can be sold.
