Major marijuana multistate operators are among the nine companies poised to enter Texas’ rapidly expanding medical cannabis market.
The Texas Department of Public Safety on Monday gave preliminary approval to subsidiaries of Trulieve Cannabis Corp. and Verano Holdings for licensing under the Texas Compassionate Use Program (TCUP), according to the Dallas Morning News.
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The nine new vertically integrated licenses come amid an overall expansion of medical cannabis in Texas, which for years has had one of the country’s strictest and most limited programs.
TCUP restricted access to CBD oil to only the sickest patients, and limited business participation to only three companies.
In the meantime, Texas’ hemp THC industry has exploded to an estimated $5.5 billion market – and the state is continuing
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