Thomas Winstanley, EVP, General Manager of Edibles.com discussed the severe implications of Texas Senate Bill 3, which proposes a ban on hemp-derived THC products. He highlighted the bill's flawed reasoning, arguing that it disregards consumer demand for safe THC access and would lead to the closure of thousands of businesses and job losses for tens of thousands of workers. Winstanley criticized the political motivations behind the bill, suggesting they are not rooted in genuine health concerns and would instead foster an unregulated illicit market. He emphasized that an outright ban fails to address underlying issues in the hemp industry, and Texas is missing an opportunity to establish a sensible regulatory framework.
Winstanley further pointed out the double standards in Texas regulations, contrasting the proposed hemp ban with the state's approach to alcohol, tobacco, and firearms, none of which face similar bans despite documented harms. He noted the strong opposition to SB3, particularly from veterans who rely on hemp products for pain management and fear a return to opioid dependence. Winstanley expressed disappointment that legislative attempts to regulate the industry with THC caps and licensing were ultimately overridden by the ban proposal.
Regarding edibles.com, Winstanley explained that the company aims to provide safe access to THC products through a curated marketplace, addressing inconsistencies in quality and testing within the hemp industry. The strategic launch in Texas is a proof of concept for future expansion into states like Florida and Georgia, with plans for nationwide shipping and a flagship retail store in Atlanta. The company's goal is to build consumer trust and legitimacy by connecting them with reputable brands and offering a responsible alternative to unregulated sales. He outlined a vision for effective regulation, including licensing, excise taxes for enforcement, and clear frameworks for product types and dosing, citing Georgia as a successful example of regulated hemp.