The Texas Agenda
- Alan Brochstein, CFA
- Jul 10
- 1 min read
Yesterday, Governor Greg Abbott, who vetoed legislation in late June that had been passed in May and that would have prohibited all THC products in Texas, issued a press release detailing the agenda of the special session of the Texas legislature that begins on 7/21. The press release linked to this proclamation by Abbott:
Readers should be aware of the horrible flood that killed so many in the Texas Hill Country this past weekend. Flood related issues are the first four of the eighteen. Two are related to hemp:
PROTECT CHILDREN FROM THC: Legislation making it a crime to provide hemp-derived products to children under 21 years of age.
REGULATE HEMP-DERIVED PRODUCTS : Legislation to comprehensively regulate hemp-derived products, including limiting potency, restricting synthetically modified compounds, and establishing enforcement mechanisms, all without banning a lawful agricultural commodity.
On making it illegal to sell to kids, who is against that? The regulation is questionable in terms of how exactly the lawmakers decide, but these sound good to me.
Texas is a big state, so this is very important. More of a reason to care is that this could be a good example for other states in how to regulate hemp-based cannabinoids. Perhaps even the federal government will pay attention and begin to regulate hemp products better.
Yeah but #2 includes limiting THC to "non-intoxicating" levels. The reality is that this is a molecule they insist has no medical value, and try to insist that you only need CBD as medicine if that, while clearly people enjoy THC and laughter and sleep, and appetite effects etc. are ALL medicinal effects that wipe out the bottom line for industries that sell booze, sleeping pills, pain meds, anti-depressants, etc. The reality is that the governor is trying to ban medicinal hemp after propagandizing people into calling industrial hemp "medicinal" because it's actually still medicinal while not making you feel better and calling medicinal hemp "marijuana" or "recreational" hemp. It's absolutely an assault on the public to ban a vital…
Thanks for sharing.
I think there has always been a conflict here. How much do law enforcement have to invest in this to make sure these are implemented. Arresting one or two plugs is not going to change the fact that there are still grey and black areas in this industry.
And this can be difficult to get rid off. I mean, plus and dealers were there even when the entire industry is not legal. As I go back to learn more about the conflicts within taxation, implementation, history, customer behaviors and all, the whole thing just seems non-solvable.
I think the best way is to educate customers to make better decisions. Meanwhile promote service levels of legal entities ---…