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Here we go everyone!!! SU picked its vendor...

Southern University on Friday selected Advanced Biomedics of Lafayette to operate its medical marijuana business.

The other finalists were Med Louisiana of Lafayette and Southern Roots Therapeutics of Baton Rouge.

A Southern University review committee had recommended Med Louisiana to operate the school's medical marijuana business. Southern's board of supervisors reviewed the offers from the three finalists at a meeting Sept. 7. Board members kicked the applications back to the finalists so they could address questions about guaranteed payments to Southern's Ag Center, minority ownership and proposed sites of grow and processing facilities.

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Under Advanced Biomedics' proposal, Southern's Ag Center is guaranteed $6 million over a five-year contract.

Southern's Ag Center holds one of two state licenses to produce medical marijuana. The LSU AgCenter holds the other and picked Las Vegas-based GB Sciences as its operator. GB Sciences will pay the AgCenter $3.4 million or 10 percent of revenue, whichever is more, over five years.