Texas lawmakers move to ban legal THC, hemp amid medical marijuana expansion
- The Texas House has given initial approval to a bill banning all products containing Tetrahydrocannabinol, or THC, which threatens the state's hemp industry.
- Under the legislation, adults could face up to a year in jail for possessing hemp products with THC, which is a stricter penalty than for marijuana possession.
- THC products, widely available in Texas, are set to be removed from retail shelves following the bill's approval.
- Some lawmakers argue that the ban will push consumers to the unregulated black market, increasing access to more dangerous drugs.
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This Week In Cannabis: DEA Slams Legal Weed, Texas Votes Hemp Ban, Argentina Tightens Medical Rules And More - Curaleaf Holdings (OTC:CURLF), Blum Holdings (OTC:BLMH)
From Texas’ escalating war on hemp to EU-certified inhalers and Argentina’s full-scale overhaul of its medical cannabis program, this week offered no shortage of headlines that could shape the future of the cannabis industry across borders and sectors. Let’s dig in. Policy & Legal Texas House Passes Hemp Ban, Threatens 50,000 Jobs In a late-night vote Wednesday, the Texas House passed SB 3, banning hemp-derived THC products across the state. Cha…


Texas lawmakers vote to gut booming hemp industry, sparking backlash
Texas is on the verge of banning nearly all intoxicating hemp products after the Republican-controlled state Senate and House of Representatives passed a bill to outlaw the sale and possession of THC-infused hemp consumables, including edibles, oils and vapes.The move threatens to devastate the state’s $4 billion hemp industry, which includes over 8,000 businesses and tens of thousands of workers — although industry leaders have vowed to mount l…
Texas moves closer to banning all forms of recreational THC, sparking fears of economic consequences
One business owner told ABC13 that shutting down would hurt her customers. "My customers at 40-60 years old (have) pain, sleep anxiety... I give a veteran's discount, PTSD," she said.
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