The way Texas Lt. Gov. Dan Patrick sees it, the greatest gift the American THC industry is likely to enjoy in 2025 came late Sunday.
“The governor of the state of Texas wants to legalize recreational marijuana in the state of Texas,” Patrick said Monday, lamenting Gov. Greg Abbott’s surprising veto of a strict ban on hemp-derived THC.
“That’s the headline, folks.”
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Abbott’s rejection of Senate Bill 3 – which would have banned hemp-derived THC outright in the state – is a stunning political reversal in the eyes of Patrick, long considered one of the most powerful figures in Texas politics and a proponent of the ban since last December.
It’s also an enormous reprieve for the state’s estimated $5.5 billon hemp industry,
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