Texas THC Businesses Worry as Ban Bill Progresses

Low times for THC: Looming ban would ‘devastate’ multi-billion dollar Texas industry

While the future of the growing THC-enhanced product sector hangs in the balance, many businesses are bracing for the threat that bans the sale of items that...

Texas THC businesses worry as ban bill progresses

Texas' THC ban bill could soon head to Governor Abbott's desk and put an end to a multi-billion-dollar business in the Lone Star State.

Imminent THC ban in Texas appears poised to devastate a multibillion-dollar industry

The sale of consumable THC products in Texas has become a booming industry in recent years, with annual sales estimated at $3 billion to $8 billion. Industry players were holding out hope during the ongoing legislative session that the House would stop short of going along with the Senate and backing a complete ban on the products, but those hopes now appear to be dashed.

Texas Lawmakers Pass Total Ban on THC

The Texas House of Representatives on Wednesday passed Senate Bill 3, a proposal that seeks to ban products containing any amount of THC, even when sourced from federally legal industrial hemp crops, CBS News reports. The ban does not apply to the state's limited medical cannabis program. The House voted 95-44 in favor of SB3, which was authored by Sen. Charles Perry and passed the Senate in March. If signed into law, the bill would prohibit the…