How to Start a CBD Business in Texas? How to Start a CBD Business? Starting a CBD Business
How to Start a CBD Business in Texas? how to start a cbd business? starting a cbd business
Cannabis is a piece of big news and big business. People are now more interested in its legal status within the US and the business opportunities it may bring for them. When talking about cannabis and its benefits then comes THC which is a cannabidiol content of cannabis and got much attention. As per cannabis business insiders and increasing consumers consider the beneficial CBD as an opportunity to form the mainstream of the CBD market.
US legal hemp market has shown ascending growth from $688 million to $1.8 billion from the year 2016 to 2020. The hemp-derived CBD products have shown an annual growth rate of about 53%. These statistics show that there is a golden opportunity for people to enter the CBD market and make many profits for the business.
In this article let’s have a look at the essential information which you must know when planning to start a CBD business in Texas.
CBD Regulations and Laws in Texas
Cannabis is removed from the Schedule I controlled substance list by the department of state health Texas in the year 2019 after the implementation of the federal Farming bill in the year 2018 which has also removed CBD from the control substance list. In June 2019 house bill 1325 was passed which has set regulations of hemp production, testing, and cultivation. This bill was adopted to match the rules of Federal law regarding CBD products.
Texas now has its own cannabis law making CBD legal in the state. Now products can be grown, possessed, and sold but with a condition of having THC content less than 0.3%. This is a good opportunity for individuals to start a CBD business in Texas without the fear of penalties. This freedom has paved many opportunities in the cannabis industry.
CBD Products Available in Texas
For CBD business you must be aware of what products you can manufacture or sell legally in the Texas market. These can be
And many others
Medicinal products containing THC up to 0.5% are also available in the market however they are restricted under state laws.
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