Merry Christmas: Hemp and Hemp-Based CBD Are Now Legal

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This has been a transformational year for the cannabis industry, one that investors will possibly never forget. Although it’s been a bit rough on the investment front, with the Horizons Marijuana Life Sciences ETF, a basket of more than four dozen pot stocks, losing approximately 40% of its value, 2018 has been a year of gained validity for the cannabis industry.

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Texas Marijuana Advocates Set Sights on 2019 Legislative Session

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Texas is poised for historic action in 2019 to ease some marijuana prohibitions and join a national cannabis legalization movement that, to varying degrees, has already swept up all four of its border states.

Or maybe not.

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Advocates Push to Legalize Hemp Farming in Texas

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Texas hemp advocates want to see fields of green on farms across the state —  and they’re rallying lawmakers to make it happen.

A group of hemp advocates testified Tuesday before the Texas House Agriculture and Livestock Committee about the jobs and economic opportunities that are possible if the state allows Texas farmers to grow the crop. Hemp is a variety of the cannabis plant but has low or untraceable amounts of tetrahydrocannabinol or THC, the psychoactive compound that gives marijuana users a high.

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Hemp Could be Big Texas Cash Crop if State Legalizes it, Advocates Say

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Farmers in Texas are well positioned to be top producers of what’s poised to become the next major U.S. cash crop — hemp — but only if state lawmakers let them, advocates told a legislative committee at the Capitol on Tuesday.

“Texas could lead the nation’s hemp economy,” said Shawn Hauser, a representative of the American Hemp Campaign. “It’s jobs, family farms and economic growth. It’s just common sense” to legalize the crop in Texas.

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Legal Barriers Will Not Stop CBD Oil in Texas

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Everything is bigger in Texas, including the potential of the CBD oil market. In fact, CBD is one of the most popular new extracts in the state, with Dallas-Fort Worth the latest city to experience a surge in stores selling CBD oil.

CBD American Shaman is one of many CBD companies who is setting their sights on the heart of Texas. They already operate six stores across the state, one of which is in Dallas. They plan to open another thirty stores over the next ninety days, all selling CBD oil, including one in Austin and Houston.

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