New Texas Hemp Regulations Threaten El Paso Smoke Shops' Survival

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AI Summary
Recent regulations in Texas have significantly restricted THC levels in hemp products, prompting many El Paso smoke shops to remove most of their inventory. Effective March 31, these rules limit THC to 0.3% in consumables and ban the sale of smokable hemp, which could devastate local businesses like Cannabis World and Buena Vida Wellness. While some shop owners support tighter oversight to protect minors, they express concern that the new laws could lead to closures and push customers to neighboring New Mexico, where cannabis products are more accessible. The increase in licensing fees from $150 to $5,000 annually further complicates the situation for local retailers.
Key Details: • New THC regulations took effect on March 31, 2023. • Licensing fees for hemp shops have increased from $150 to $5,000 annually. • Hemp products with more than 0.3% THC are now banned in Texas. • Many local shops may close or relocate to New Mexico due to the new rules.