In 2015 Texas lawmakers legalized CBD Oil by passing the Compassionate Use Act. These
lawmakers actually acknowledged the fact that CBD Oil had benefits for some epilepsy
Now, 2 years later the State of Texas has decided to issue just 3 licenses for CBD
production facilities in the state. This has brought in upwards of 40 applicants for the 3
licenses. They are coming from both out of state and instate.
This is all good, but as usual, money talks. The licensing fee itself is $488,000.00 and
that doesn't include application fees and employee registration which will take the first
step in getting one of these licenses to about $500,000.00. On top of that is building a
facility to grow and process and finally sell it.
Why does a license cost $500,000.00???