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Texas has huge potential but several obstacles

Texas has huge potential but several obstacles

The United States is on a collision course with federal cannabis legalization with over 50% of states currently having some form of a legalized cannabis program. Major states such as Florida and New York are currently refining and rolling out programs for medicinal use, with recreational programs in their sights but without a timetable as to when those will commence.

Everything Is Bigger In Texas Right?

One state that will be a major win for the industry is Texas, the second largest state by size, population, and GDP. As such, Texas is an important piece of the puzzle for it brings federal legalization full circle. Texas’ population holds vast amounts of wealth from highly lucrative industries. We expect this capital to find its way into the industry once the foundation is set.

The 85th Texas legislative session that ended in May, left two cannabis reform bills on the table as the session ended before the bills could be voted on. These bills sought to decriminalize possession of small amounts of cannabis and create a real medicinal cannabis program. Failure to pass these bills has Texans looking forward to the 2018 midterm elections and 2019 new legislative session as this will be the next opportunity to have the legislation passed into law.
credit:420intel.com