January 15 2021,



Everything’s big in Texas, except the cannabis market. 

While industry operators salivate at the prospect of finding a foothold in the country’s second most populous state, there are many reasons why the Lone Star state could be a tough business climate for years to come. 

At present, Texas probably has the country’s most restrictive MED program.

Read all about it.

Related: Virginia released plans to legalize REC. It would be the first state in the former confederacy to do so.

Quick Hit

  1. The National Cannabis Industry Association condemned "Some GOP lawmakers' attempts to undermine American democracy."
Courtesy of Truss CBD USA

Beer giant Molson Coors is launching a line of CBD-infused beverages in Colorado, making it the highest-profile company I'm aware of to enter the U.S. CBD market. This week’s announcement came days after Democrats won control of the U.S. Senate in the Georgia runoff elections, creating a business climate observers widely believe will be friendlier to cannabis.

  • The brand, Verywell, is launching under Truss CBD USA, a joint venture between Molson Coors and Canadian cannabis company Hexo. The sparkling beverage contains 20 mg of CBD, zero calories and will be available in three flavors.
  • Rick Batenburg III, Chief Investment Officer of Colorado-based venture capital firm Cliintel Capital, sees the Verywell launch as primarily a “stepping stone” for Molson Coors to enter the U.S. THC market.

Here's why.

In other CBD news: 


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IN THE NEWS — 1/16/21

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