Jurisdiction: Texas

The Lone Star State Is Feeling Lonely At The Bottom Of The Cannabis Industry

Texas is heading for a boom—it is attracting tech businesses and growing its population, as individuals transplant from other states looking for a lower cost of living and better quality of life. Texas also has a fledgling medical cannabis program that may be headed for a boom as well. Texas’s medical cannabis program is small in both patient size and product offering, but there is a seed that can sprout growth.

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The Marijuana Job Market Is Lit

The cannabis-related job market continues to expand according to a PoliticoPro report (subscription required) that analyzed data from Indeed.com, an employment search engine. In May 2016, cannabis job postings accounted for 231 per million total job postings. By May 2019, that number has increased nearly four-fold to 915 postings per million.

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The Green Rose of Texas? The Lone Star State Expands Medical Marijuana and CBD Access

On June 10, 2019, Texas Governor Greg Abbott signed HB 1325, a law that will immediately allow for hemp farming and the production of low-THC hemp and cannabidiol (“CBD”) products. Although some CBD products were already available throughout the state, their legal status was—at best—unclear. Now with the new law, CBD products containing less than 0.3% THC can be legally bought and sold.

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