Follow the Money: How Texas Cannabis Monopolies Tried (and Failed) to Kill Hemp Derrived THC
Follow the Money: How Texas Cannabis Monopolies Tried (and Failed) to Kill Hemp In the wild world of Texas politics, where big money and backroom deals often dictate policy, the recent attempts to ban intoxicating hemp-derived THC products stand out as a classic case of "politricks." Senate Bill 3 (SB3) in the regular session, followed by SB5 in the first special session and SB6 in the second special session—all aiming to outlaw delta-8, delta-9, and other hemp-based THC items—thankfully fizzled out. Governor Greg Abbott vetoed SB3, and the later bills stalled in the House despite Senate passage. But why the relentless push for these bans? Spoiler: It wasn't just about protecting kids from "dangerous snacks," as some politicians claimed. Let's peel back the layers and follow the dollars straight to the motivations of the state's medical cannabis industry, which saw hemp as a pesky competitor eating into their profits. The Bills and Their Back...