US (MN): MMJ companies lost a combined $2.4M in 2018

5 Eyewitness News obtained new financial records for the two licensed medical marijuana companies in Minnesota, which show they lost a combined $2.4 million in 2018.

Financial reports supplied to the Minnesota Department of Health show Minnesota Medical Solutions had a net income loss of $610,000 while LeafLine Labs' net income loss totaled $1.8 million.

State Representative Rod Hamilton, (R-Mountain Lake), is a registered participant in the state's medicinal marijuana program and supports using other options to help bring costs down.

"I think using the marijuana flower as an option to the more expensive oils could be huge," said Hamilton. "Other states have introduced the flower option and they have seen costs go down by almost half."

Read more at KSTP


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