The number of medical marijuana patients in Texas has quadrupled over the past year, but MMJ companies there still find it tough going and are betting that, over time, the market will be overhauled and provide greater business opportunities.
Medical cannabis businesses currently must contend with an onerous 1% THC cap, numerous regulatory restrictions, and strict limits on the conditions that can be treated with MMJ.
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Local operators also face stiff competition from thriving marijuana markets in neighboring Oklahoma and New Mexico.
Because of the numerous restrictions in Texas, MJBizDaily currently doesn’t classify the state as a full-fledged medical marijuana market.
As a result, industry executives say major reforms are needed in a state that legalization advocates have long eyed as a major prize.
The nation’s second-most-populated state has nearly 30 million residents.
However, Texas lawmakers and other top decision-makers have taken a conservative approach to opening up
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