Texas on Brink of Hemp Industry Collapse: THC Ban Bill Sparks Fierce Debate

Texas Hemp Industry Faces Potential Collapse as THC Ban Bill Advances Austin, TX – The Texas House's late-night passage of Senate Bill 3 has sent shockwaves through the state's burgeoning hemp industry. This bill, if signed into law, would effectively ban the sale of THC products, potentially decimating a multi-billion dollar market and causing significant job losses. The bill's trajectory to Governor Greg Abbott's desk has sparked fierce debate, pitting economic concerns against public health and safety. "This is poisonous THC," stated Lieutenant Governor Dan Patrick in a previous statement, emphasizing his concerns about the lack of regulation in the industry. This sentiment underscores the driving force behind the bill for many supporters. However, opponents argue the ban will devastate thousands of businesses and cost countless jobs. Ben Meggs of Bayou City Hemp Company voiced his concerns, stating, "Texas is not open for business. It's not interested in new categories." Meggs' company, which acquired Eighth Wonder Brewing and produces THC seltzers, is among those facing potential closure. The video showcases the scale of production and the potential economic fallout. While Governor Abbott has yet to indicate his stance, the looming decision carries significant weight for Texas businesses and workers. The potential economic consequences and the contrasting viewpoints highlight a complex issue with significant implications for the state.