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Texas hemp sellers rally in support of statewide ban as case moves to high court | Where to order Skittles Moonrock online

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A 2021 lawsuit challenged Texas’ attempt to ban delta-8 THC.

The U.S. Farm Bill is not likely to be updated for another year. This will leave states to regulate hemp on their own.

Now, the list is growing. California and New Jersey have recently imposed bans on all forms of gambling, and Georgia has enacted its own restrictions.

The Texas hemp industry is facing a different challenge, as it awaits the state Supreme Court’s decision which could reshape market for hemp-derived goods.

The state’s highest court is now hearing a lawsuit that was filed in 2021 to challenge Texas’ attempt at banning delta-8 THC. Cynthia Cabrera is the head of the Texas Hemp Business Council, and chief strategist at Hometown Hero. The main opponent to the ban, says that the implications of a potential ruling go beyond the specific compound.

Cabrera said: “The ban’s language includes anything that might contain a trace amount of delta-8. This would include all cannabinoids.” Green Market Report

Cabrera said that the injunction allowed hemp businesses to continue operating in the state, which was a critical step for the market.

Cabrera stated that “without our injunction no one would be in business” and they sought to protect “everyone.”

Cabrera cited a hearing in May where state legislators even brought up the topic of THCA flowers alongside delta-8 and Delta-9 products.

As the court’s ruling is not expected until early in 2025, pro hemp forces are preparing for legislative battles at the same time as the new session approaches.

Keep it together

Cabrera is a noted a Variety of interests Beer distributors and package stores continue to compete for influence on hemp policy. “People who are in the medical cannabis program would like to see us removed or put under their banner, and then legislators who simply don’t want to the products on sale at all.”

Cabrera describes the Texas hemp market as having grown significantly since 2019, when the state implemented regulations Cabrera called pioneering. She warned against it. opportunistic Players misinterpret market size data. Cabrera pointed out that Texas has more than 8, 000 registered hemp sellers. However, this figure includes mainstream retailers who only sell nonpsychoactive CBD.

She explained that the number dropped by half when you controlled for Whole Foods and HEB, the largest supermarket chain in the country, Walgreens, CVS and all other kinds of stores.

Beau Whitney, an economist, said that contrary to the narratives coming out of the marijuana business, a lot of taxes are paid on the hemp-derived products market. “It is not as heavily taxed than marijuana, but it certainly generates tax revenue.”

Whitney’s findings estimated the economic impact of Texas state industry to be $8 billion by 2022 with approximately $6 billion in direct revenue. This economic analysis, which looked at potential job losses and the impact on tax revenue, combined with support from veterans, has given us ammunition to fight back against restrictions.

Whitney explained that “the veterans came in, and they began talking about how right now they have no access to cannabinoids except for hemp.” “So, if they lose out on hemp, they would have nothing.” When they combined this with the economic impact, the whole issue and anti hemp legislation just sort of went away.

But, he warned, the issue “keeps resurrecting.”

Whether lawmakers pull the plug on Hometown Hero or the court rules in its favor, it will all end up driving Texans into unregulated markets.

Cabrera said that there are only three license holders of medical marijuana in Texas. One of them controls 70% of the market.

“I don’t understand why anyone would want to subscribe to the Texas Medical Marijuana Program as it is because it is so restrictive.” It’s difficult to make money when 12,000 patients leave the program every year because they found hemp products available.

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