Cannabis Multistate Operators continue their pivot to hemp

Cannabis Multistate Operators continue their pivot to hemp

Texas is one of the most recent states to address intoxicating hemp markets, with Senator Charles Perry (R-Lubbock) introduced

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(SB3) last week, which would criminalize intoxicating hemp-derived cannabinoids in the state.

Recent rulings in the federal appellate courts have emboldened state lawmakers to attempt to “close the loophole” that enables high THC products to be sold widely, without regulation, oversight, or controls.

Cannabis Multistate Operators (MSOs) have both lobbied to close the loophole that legitimizes hemp-derived cannabinoid markets, while simultaneously entering them. These markets are much more lucrative than the highly regulated cannabis markets familiar to MSOs.

When delta-8 THC emerged in 2020 in states with legal cannabis markets, cannabis operators cried foul at the inequity that allowed hemp companies to sell to anyone, anywhere, including the…

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