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
MJBiz - March/April 2024 - 9
MJBiz - March/April 2024 - 10
MJBiz - March/April 2024 - 11
MJBiz - March/April 2024 - 12
MJBiz - March/April 2024 - 13
MJBiz - March/April 2024 - 14
MJBiz - March/April 2024 - 15
MJBiz - March/April 2024 - 16
MJBiz - March/April 2024 - 17
MJBiz - March/April 2024 - 18
MJBiz - March/April 2024 - 19
MJBiz - March/April 2024 - 20
MJBiz - March/April 2024 - 21
MJBiz - March/April 2024 - 22
MJBiz - March/April 2024 - 23
MJBiz - March/April 2024 - 24
MJBiz - March/April 2024 - 25
MJBiz - March/April 2024 - 26
MJBiz - March/April 2024 - 27
MJBiz - March/April 2024 - 28
MJBiz - March/April 2024 - 29
MJBiz - March/April 2024 - 30
MJBiz - March/April 2024 - 31
MJBiz - March/April 2024 - 32
MJBiz - March/April 2024 - 33
MJBiz - March/April 2024 - 34
MJBiz - March/April 2024 - 35
MJBiz - March/April 2024 - 36
MJBiz - March/April 2024 - 37
MJBiz - March/April 2024 - 38
MJBiz - March/April 2024 - 39
MJBiz - March/April 2024 - 40
MJBiz - March/April 2024 - 41
MJBiz - March/April 2024 - 42
MJBiz - March/April 2024 - 43
MJBiz - March/April 2024 - 44
MJBiz - March/April 2024 - 45
MJBiz - March/April 2024 - 46
MJBiz - March/April 2024 - 47
MJBiz - March/April 2024 - 48
MJBiz - March/April 2024 - 49
MJBiz - March/April 2024 - 50
MJBiz - March/April 2024 - Cover3
MJBiz - March/April 2024 - Cover4
https://www.nxtbook.com/emerald/MJBizMag/20240708
https://www.nxtbook.com/emerald/MJBizMag/mjbiz-may-june-2024
https://www.nxtbook.com/emerald/MJBizMag/20240304
https://www.nxtbook.com/emerald/MJBizMag/20240102
https://www.nxtbook.com/emerald/MJBizMag/20231112
https://www.nxtbook.com/emerald/MJBizMag/202310
https://www.nxtbook.com/emerald/MJBizMag/mjbiz-buyers-guide-cannabis-packaging-23
https://www.nxtbook.com/emerald/MJBizMag/202309
https://www.nxtbook.com/emerald/MJBizMag/202308
https://www.nxtbook.com/emerald/MJBizMag/202307
https://www.nxtbook.com/emerald/MJBizMag/mjbizmag-may-june-2023
https://www.nxtbook.com/emerald/MJBizMag/mjbizmag-april-2023
https://www.nxtbook.com/emerald/MJBizMag/mjbiz-buyers-guide-retail-strategy-23
https://www.nxtbook.com/emerald/MJBizMag/mjbizmag-march-2023
https://www.nxtbook.com/emerald/MJBizMag/mjbizmag-february-2023
https://www.nxtbook.com/emerald/MJBizMag/mjbizmag-january-2023
https://www.nxtbook.com/emerald/MJBizMag/mjbiz-buyers-guide-lighting-23
https://www.nxtbook.com/emerald/MJBizMag/mjbizmag-november-december-2022
https://www.nxtbook.com/emerald/MJBizMag/202210
https://www.nxtbook.com/emerald/MJBizMag/mjbiz-buyers-guide-sustainability
https://www.nxtbook.com/emerald/MJBizMag/mjbizmag-march-2022
https://www.nxtbook.com/emerald/MJBizMag/mjbiz-buyers-guide-cannabis-retail
https://www.nxtbook.com/emerald/MJBizMag/202204
https://www.nxtbook.com/emerald/MJBizMag/mjbizmag-february-2022
https://www.nxtbook.com/emerald/MJBizMag/mjbiz-buyers-guide-cannabis-security
https://www.nxtbook.com/emerald/MJBizMag/mjbizmag
https://www.nxtbook.com/emerald/MJBizMag/202208
https://www.nxtbook.com/emerald/MJBizMag/mjbizmag-july-2022
https://www.nxtbook.com/emerald/MJBizMag/2022-buyers-guide-indoor-grow
https://www.nxtbook.com/emerald/MJBizMag/mjbizmag-may-june-2022
https://www.nxtbook.com/emerald/MJBizMag/mjbizmag-packaging-automation-buyers-guide-january-2022
https://www.nxtbook.com/emerald/MJBizMag/mjbizmag-november-december-2021
https://www.nxtbook.com/emerald/MJBizMag/mjbizmag-october-2021
https://www.nxtbook.com/emerald/MJBizMag/mjbizmagazine-september-2021
https://www.nxtbook.com/emerald/MJBizMag/mjbizmagazine-september-2021-lighting-buyers-guide
https://www.nxtbook.com/emerald/MJBizMag/mjbizmag-august-2021
https://www.nxtbook.com/emerald/MJBizMag/mjbizmag-july-2021
https://www.nxtbook.com/emerald/MJBizMag/mjbizmag-may-june-2021
https://www.nxtbook.com/emerald/MJBizMag/mjbizmag-april-2021
https://www.nxtbook.com/emerald/MJBizMag/mjbizmag-march-2021
https://www.nxtbook.com/emerald/MJBizMag/mjbizmag-february-2021
https://www.nxtbook.com/emerald/MJBizMag/mjbizmag-january-2022
https://www.nxtbook.com/emerald/MJBizMag/mjbizmag-january-2021
https://www.nxtbook.com/emerald/MJBizMag/mjbizmag-november-december-2020
https://www.nxtbook.com/emerald/MJBizMag/mjbizmag-october-2020
https://www.nxtbook.com/emerald/MJBizMag/mjbizmag-september-2020
https://www.nxtbook.com/emerald/MJBizMag/mjbizmag-august-2020
https://www.nxtbook.com/emerald/MJBizMag/mjbizmag-july-2020
https://www.nxtbookmedia.com