Warning: session_start(): open(/opt/alt/php74/var/lib/php/session/sess_2784f3583f310da844c6310c7186fa8f, O_RDWR) failed: Disk quota exceeded (122) in /home/useaicwl/public_html/wp-content/themes/mushroomstocks/functions.php on line 278

Warning: session_start(): Failed to read session data: files (path: /opt/alt/php74/var/lib/php/session) in /home/useaicwl/public_html/wp-content/themes/mushroomstocks/functions.php on line 278
Texas Committee Unanimously Passes Hemp Bill - Mushroomstocks | Mushroomstocks
Albert Labs announces Strategic Investment from Cantheon Capital LLC for First In-Human TrialsMindMed Reports Full Year 2022 Financial Results and Business HighlightsCybin to Participate in the Oppenheimer 33rd Annual Healthcare ConferenceNuminus to Participate in the Sequire Cannabis & Psychedelics Conference on Wednesday, April 5, 2023Braxia Scientific Provides Update on Proposed Irwin Transaction; Company Retains Strategic Clinical Assets and Ketamine Numinus Announces Four Peer-Reviewed Publications from its Chief Clinical Officer in 2023Irwin Naturals Signs Letter of Intent to Acquire Braxia ScientificNuminus Wellness Inc. Reports Q1 2023 ResultsIrwin Naturals and Braxia Scientific Announce Partnership for In-Human Clinical Studies Supporting Pharmaceutical CompanNuminus Develops Mushroom Tea for Use in Psychedelic ResearchIs the Psychedelic Sector Poised for a Comeback?!?PSYC + Nucleus Form New Partnership to Develop and Launch Psychedelic FinderWhat You Need to Know About Numinus Wellness…Numinus provides update on acquisition integration and announces new client financing optionsPSYC Corp’s Psychedelic Spotlight Surpasses One Million Page Views for Fourth Consecutive MonthNuminus to Participate in the H.C. Wainwright 24th Annual Global Investment Conference on September 12-14, 2022The Psychedelic Sector is Quietly Outperforming the S&P 500PSYC Completes and Publishes 2021 Audited Financials; Will Begin Audit of Q1 & Q2 2022Numinus to Participate in the H.C. Wainwright 24th Annual Global Investment Conference on September 12-14, 2022PSYC’s Bonfire Platform Development Progresses; Will Host Free Virtual Community Event on August 29th

Texas Committee Unanimously Passes Hemp Bill

Apr 21, 2017 • 12:41 PM EDT
1200x628 med mj.001.png
2 MIN READ  •  By Michael Berger
Share Share - Facebook Share - Twitter

Yesterday, West Virginia became the 29th state to legalize medical cannabis after Governor Jim Justice signed legislation to create a legal program in the state. 

This is a major step forward for the cannabis industry as it shows that support for medical cannabis continues to grow. West Virginia’s program will allow patients suffering with terminal illnesses or any of 14 specified conditions access to cannabis.  

Patients will not be able to smoke cannabis or consume edibles. They will only be able to obtain cannabis in the form of pills, oils, gels, creams, ointments, tinctures, liquids, and vaporizable extracts from state-regulated dispensaries.  

Texas Committee Unanimously Passes Hemp Bill

Legislation that would let Texas farmers grow hemp passed unanimously after being discussed just over a week ago. The legislation was filed by Republican Representative Bill Zedler and aims to fix the state’s inconsistent program. Current laws allow for hemp products to be sold and consumed, but not grown.

In 1938, when Popular Mechanics said hemp was a billion-dollar product, they did not even know 20% of the uses associated with hemp. Today, industrial hemp is used in more than 25,000 products and several of these products are used by people every day. These include paper, clothing, building materials, fuel, and nutrition.  

While it is impossible to quantify the newly discovered benefits of hemp, we do know that $1 billion in 1938 is worth a lot more today. Representative Zedler seems to agree with this view.

Representative Zedler said, “It ought to be something that we ought to be able to grow in Texas. This will provide an economic boon to the state.”

The legislation will now head to the Calendar Committee, where it will wait to be scheduled for a hearing by the full Texas House of Representatives.

Support has Never Been Stronger

Although the federal government still does not recognize any legitimate use for cannabis, support has never been stronger. 

In February, a Quinnipiac Poll found that 93% of respondents support medical cannabis. Last month, a Marist Poll showed that 83% of respondents support medical cannabis.

Congress needs to take action and legalize medical cannabis at the Federal level. There is ample evidence supporting the medical benefits of cannabis and now, it is time for congress to act on this information and do what is right for the people!

Share Share - Facebook Share - Twitter


Authored By

Michael Berger

Michael Berger is Managing Partner of StoneBridge Partners, LLC and Founder of Mushroomstocks.com. Prior to entering the cannabis industry, Michael was an Equity Research Analyst at Raymond James Financial covering the Energy Sector. Michael has been featured in publications such as The Street, Bloomberg, US Money News, and hosts various cannabis events across North America.


Top Stories

Get the Latest Cannabis News & Stock Picks.

Enter your email below to join the official Mushroomstocks newsletter.

 All good -- no spamming here.

The psychedelics sector is starting to take off as smart money begins to position itself across the industry.

Stay updated with all latest updates,upcoming events & much more.

Fatal error: Uncaught ErrorException: md5_file(/home/useaicwl/public_html/wp-content/litespeed/css/99a98456b78189f2d8c9fbc618ff0d3b.css.tmp): failed to open stream: No such file or directory in /home/useaicwl/public_html/wp-content/plugins/litespeed-cache/src/optimizer.cls.php:126 Stack trace: #0 [internal function]: litespeed_exception_handler(2, 'md5_file(/home/...', '/home/useaicwl/...', 126, Array) #1 /home/useaicwl/public_html/wp-content/plugins/litespeed-cache/src/optimizer.cls.php(126): md5_file('/home/useaicwl/...') #2 /home/useaicwl/public_html/wp-content/plugins/litespeed-cache/src/optimize.cls.php(797): LiteSpeed\Optimizer->serve('https://mushroo...', 'css', true, Array) #3 /home/useaicwl/public_html/wp-content/plugins/litespeed-cache/src/optimize.cls.php(319): LiteSpeed\Optimize->_build_hash_url(Array) #4 /home/useaicwl/public_html/wp-content/plugins/litespeed-cache/src/optimize.cls.php(252): LiteSpeed\Optimize->_optimize() #5 /home/useaicwl/public_html/wp-includes/class-wp-hook.php(310): LiteSpeed\Optimize->f in /home/useaicwl/public_html/wp-content/plugins/litespeed-cache/src/optimizer.cls.php on line 126