MJBiz - March/April 2024 - 42

Marijuana
Masquerade
Colt Power said the hands-off
approach by Texas regulators
has allowed the state's market
for hemp-derived cannabinoids
to show its true potential.
Photo by Kevin Brown
Lone Star?
T
he future of federal
regulation for hemp-derived
cannabinoids is hard to
predict-but industry stakeholders
might find a crystal ball in the form
of Texas.
So far, Texas regulators have
taken a hands-off approach that has
allowed the state's hemp-derived
cannabinoid sector to thrive.
" That hands-off approach has
really allowed the market to figure
out what (consumers) want and
producers and manufacturers to
figure out how to best get those
products to them, " said Colt Power,
CEO of Power Biopharms, a low-THC
hemp cultivation business in Euless,
Texas. " If anything, a more handsoff
approach has shown how this
state is ready for this. "
Shayda Torabi, CEO and
co-founder of Restart in Austin, said
Texas also has proved states can
have a legal market for intoxicating
hemp-derived cannabinoids that
42 March-April 2024 | MJBizMagazine
Texas business owners believe medical-only market
is poised to lead the way on hemp-derived cannabinoids
By Omar Sacirbey
doesn't go the conventional route of
legalizing medical marijuana and
then recreational cannabis.
" Texas has a very large market.
And it's not the illicit market, it's the
hemp-derived market, " Torabi said.
" People really discredited Texas'
cannabis program. And that's
probably because for so long we
were expected as a country to go
through medical to adult use, "
Torabi said. " The law very clearly
identified less than 0.3% delta-9

MJBiz - March/April 2024

Table of Contents for the Digital Edition of MJBiz - March/April 2024

MJBiz - March/April 2024 - Cover1
MJBiz - March/April 2024 - Cover2
MJBiz - March/April 2024 - 3
MJBiz - March/April 2024 - 4
MJBiz - March/April 2024 - 5
MJBiz - March/April 2024 - 6
MJBiz - March/April 2024 - 7
MJBiz - March/April 2024 - 8
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MJBiz - March/April 2024 - Cover3
MJBiz - March/April 2024 - Cover4
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