A newly released economic report, Hemp-Derived Cannabinoids in the Lone Star State: A Revisit of the Economic Impact Analysis of Cannabinoid Retail in Texas, reveals that the hemp industry is a major contributor to the Texas economy, generating $5.5 billion in annual sales with an estimated tax revenue of $268 million.
Developed by Whitney Economics, this latest report builds upon its 2023 analysis of the legal Texas hemp industry, examining revenues, employment, wages and the market’s economic potential. The 2025 update places additional emphasis on the potential impact of proposed legislation that would prohibit the sale of hemp-derived cannabinoid products.