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Texas proposes 13,000% licensing fee hike on retailers who sell hemp-derived THC

Texas state health officials have proposed raising licensing fees by as much as 13,000% for some hemp businesses, among a slate of changes that many industry members and advocates say will shutter small operations in favor of large out-of-state companies.Supporters of this change say this is necessary to strengthen oversight on an industry that they say has grown out of control.Late last month, the Texas Department of State Health Services published a set of proposed rules to tighten regulations on consumable hemp products, including establishing a minimum purchasing age of 21, along with age verification requirements and mandatory product recalls,

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