Texas Entrepreneurs Gearing Up for CBD Opportunities

Despite the “worthless” nature of Texas’s new CBD law, eager entrepreneurs are are clamoring to get involved.

There are already three separate marijuana-related organizations in the state: the Texas Cannabis Chamber of Commerce, the Texas Cannabis Industry Association and the Medcan Foundation. A recent educational seminar by the first group attracted more than 100 attendees, one of the organization’s founders told the Sharon Herald.

But many marijuana advocates still note that the new law, which allows for three dispensaries to grow, manufacture and dispense non-psychoactive CBD medicine for epileptics by September 2017, is essentially meaningless because it requires a doctor’s prescription.

In every state with a workable MMJ system, only recommendations or certifications are required, because physicians are legally prohibited from prescribing Schedule I narcotics, such as marijuana.

So there’s a chance the program will never get off the ground.

Regardless, many in Texas apparently see the writing on the wall, the Herald reported. Several that showed up to the meeting with the Texas Cannabis Chamber of Commerce believe it’s only a matter of time before the law changes for the better, and they want to position themselves to be able to take advantage of opportunities when that happens.

6 comments on “Texas Entrepreneurs Gearing Up for CBD Opportunities
  1. Michael on

    Private breeder working on breeding CBD breeds for 5 years. My Santa Cruz Tsunami test results are amazing. Concentrate 64% CBD. Lab testing from several labs confirming test results.

    Reply
  2. Phillip High on

    Its amazing to me how no one bothers to do any research concerning Texas before publishing information.

    SB339, the Texas Compassionate Use Act, requires AT LEAST 3 dispensing organizations to be licensed by September 2017. The DPS (Department of Public Safety), who regulates the Compassionate Use Program, is not limiting the amount of dispensaries. They are allowing the market to determine how many dispensaries are needed and they will be granting licenses to EVERYONE that meets the required qualifications.

    As far as the use of the word “prescription”, it is defined in the regulations as “the entering of the patient and recommended dosage information into the Compassionate Use Registry.” This has nothing to do with prescriptions that are made through a DEA license. There is no overlap what so ever. Patients will go to their doctor, the doctor will enter them in to the Compassionate Use Registry and then they will go to their dispensary to get their medication. At no point will the doctor write them a prescription using their DEA license. The DPS said using the term prescription allowed them to provide greater protection for the patients and doctors (This is explained in detail under the FAQ on the DPS website).

    Texas is poised to be one of the greatest cannabis markets in the Nation. Texas and the DPS are very business friendly. It is only $6,000 for a dispensing agent license and the license is basically unrestricted. You are free to cultivate, extract, process, test and dispense under the same license and there are no restrictions as far as plant counts and production.

    If you are interested in getting into the cannabis industry in Texas, please do your own research and the DPS website is a good place to start. They plainly explain everything and every possible concern in black and white.

    Best of luck,

    Phillip High – Medcan Foundation

    Reply

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