"Texas risks being left behind as U.S. cannabis industry blooms"

While Texas continues to resist making cannabis broadly legal, there’s little doubt it's being left far behind as much of the rest of the country moves on from that debate and works to foster lucrative cannabis industries.

That’s the upshot of cannabis-related discussions during South by Southwest, where cannabis panels focused for the most part on market designs, tax rates and experiences in some of the more than three dozen states that have allowed widespread cannabis access in recent years either for medical or adult-use.

The status of Texas as a prominent holdout was hardly mentioned, except in passing and as a matter of when — not if — it will join the legalization movement.

“I think things are going to go lightning quick here in Texas once (state lawmakers) realize they have to catch up" because many other states "are making money and they're not," said Rico Lamitte, co-founder of a cannabis-related company in California who moderated a SXSW panel about the future of the regulated industry in the United States.

To read the complete article, go to eu.statesman.com

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