Up until now, the cannabis market in Texas has been limited, to say the least. Its medical cannabis Compassionate Use Program has fewer enrolled patients and businesses than most other states, and their restrictions put them in the bottom 11 (out of 47 programs) for accessibility nationwide. But between a recent $25 million investment by one of the largest privately-held multi-state cannabis operators in the U.S. (Parallel) in cannabis cultivation, production and retail facility in San Marco Texas, and breaking legislative gains including over a dozen pieces of cannabis-related legislation submitted for consideration in 2021, that is about to change. Parallel’s investment reflects the growing demand for medical cannabis products in Texas. This financial commitment expands Parallel’s ability to meet the growing demand for medical cannabis products in Texas. The company has planned a 63,000 square-foot facility that is expected to create hundreds of new jobs in the San Marcos region.
Jacqueline Haynes, Green Market Report, 05/03/2021 13:24:00