Medical Cannabis Businesses In Texas Evolve With Increase In Demand
Texas lawmakers passed House Bill 46 during the regular session
The few companies that have licenses to grow, manufacture, and sell medicinal marijuana in Texas are expanding and changing after legislative actions this year will likely grow the demand in the state’s Compassionate Use Program (TCUP).
Texas lawmakers passed House Bill 46 during the regular session, which increased the number of licenses for dispensing organizations by 12, expanded eligibility for the program to include chronic pain conditions, and allows dispensaries to store their product in satellite locations to cut down wait times for patients.
Texas Department of Public Safety data shows the number of patients on the Compassionate Use Registry has grown by nearly 15,000 people since the legislature passed that bill in June. DPS is also in the process of vetting nine companies for new licenses to grow and sell medicinal marijuana.
Nico Richardson, the CEO of Texas Original, one of the three businesses with a license, said the new law brings Texas more in line with medicinal marijuana programs around the country. His company recently moved its base of operations from south Austin to a 75,000-square-foot facility in Bastrop. Everything from growing the plant, extracting the oils, manufacturing and testing the products, all happens under that one roof.
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