Texas Small Businesses Rally Against SB 3 as Economic Threat
Sunmed and Small Businesses in Texas Oppose SB 3
Sunmed™ | Your CBD Store is making a bold appeal to the Texas Governor urging him to take a stand against Senate Bill 3 (SB 3). This alert resonates across the state, as small business hemp retailers express grave concerns about the economic fallout should the Governor not veto this legislation.
The Impact of SB 3 on Local Businesses
Should SB 3 take effect, it threatens to shut down over 7,500 licensed retail establishments that offer hemp-derived cannabinoid products. These establishments, which include local Sunmed stores, play a vital role in their communities and contribute significantly to the local economy.
Voices from the Community
Ralph Paul, owner of a local Sunmed store, highlights the potential devastation: "If SB 3 passes, I’ll be forced to close my doors. This isn't merely about losing products; it's about the livelihood of my employees and the future of my business. We've operated legally, and it's disheartening to face such drastic legislative measures."
Similarly, Gary Brandt, another Sunmed store owner, emphasizes the emotional toll that such legislation would take on their communities. "I have put my entire savings into this business, ensuring that we meet the wellness needs of the residents. Closing our doors would harm families and disrupt livelihoods across our community."
The Economic Ramifications of SB 3
A report from Whitney Economics sheds light on the significant role that the hemp-derived cannabinoid industry plays in Texas. The study reveals that approximately 53,300 Texans are employed within this industry, with wages amounting to $2.1 billion and an impressive $5.5 billion in revenue generated. Additionally, the industry contributes $267 million in retail sales tax, with a staggering total economic impact between $10 to $10.5 billion. A ban on hemp-derived products threatens to unravel these economic benefits and destabilize many livelihoods.
Broader Scope Beyond Retail
The consequences of SB 3 will ripple outwards, affecting not just storefronts but also rural farming, supply chains, and manufacturing sectors. The potential loss of over 8,500 licenses spanning retail, wholesale, and manufacturing could result in widespread unemployment and financial instability.
Community Action Against SB 3
Sunmed | Your CBD Store stands ready to support responsible regulations and advocate for consumer safety. However, SB 3 strikes at the heart of a vibrant industry that contributes to the state's economy and produces a wide range of legal wellness products.
We encourage all Texans to join the cause against SB 3. Residents can express their concerns by contacting Governor Abbott's office directly:
Take Action
- Call Governor Abbott: (512) 463-2000
By making their voices heard, Texans can help safeguard their communities and the small businesses that play a crucial role in their economic health. Sunmed believes in the need for accessible and safe hemp products and supports the entrepreneurs dedicated to providing quality wellness choices.
About Sunmed | Your CBD Store
Sunmed | Your CBD Store is part of Sunflora, Inc., recognized as the largest hemp retailer in the United States. Through its nationwide presence of over 260 locations, the brand promotes an outstanding customer experience, providing access to over 150 premium wellness formulas including sleep aids and pain relief solutions. Committed to education and community involvement, Sunmed aims to enhance lives through natural and science-backed products.
Frequently Asked Questions
What is the main concern regarding SB 3?
The primary concern is that SB 3 would ban most hemp-derived products, negatively impacting small businesses and their livelihoods.
How many jobs does the hemp industry provide in Texas?
The hemp-derived cannabinoid industry employs around 53,300 Texans, contributing to the state's economy significantly.
What are the economic figures regarding the hemp industry in Texas?
In Texas, the hemp industry generates $5.5 billion in revenue and contributes $267 million in retail sales tax.
How can Texans voice their opposition to SB 3?
Texans can contact Governor Abbott’s office directly to express their opposition to SB 3 and its economic consequences.
What does Sunmed advocate for regarding hemp products?
Sunmed advocates for responsible regulation and consumer access to safe, effective hemp-derived products while supporting local small businesses.
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