CV Sciences, Inc. applauded Texas Governor Greg Abbott's veto of Senate Bill 3, which aimed to create an effective ban on the sale of consumable hemp products across the state of Texas. The proposed legislation posed a direct threat to the state's hemp industry.
The veto prevents a significant market restriction that would have negatively impacted companies like CV Sciences operating in the hemp and CBD sector. This outcome allows the continued sale of these products in Texas.
This regulatory decision is crucial for the hemp industry, supporting thousands of jobs and ensuring consumers in Texas retain access to wellness products. The veto mitigates a substantial risk to CV Sciences' sales in the state.
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