Texas proposes a dramatic increase in licensing fees for hemp retailers, up to 13,000%, aiming to tighten industry oversight but risking the closure of many small businesses and limiting access to natural hemp products, which advocates and veterans argue are vital for health and well-being.
The Texas legislature avoided a total ban on hemp-derived THC products during a special session, allowing these products to remain legal for now, despite ongoing debates and efforts to impose stricter regulations or bans, including age restrictions. The industry and retailers celebrated this outcome, though some sales, particularly of THC vapes, are expected to decline, and the legislative uncertainty continues to impact industry growth and regulation efforts.