Texas Entrepreneurs Gearing Up for CBD Opportunities

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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.