[PRESS RELEASE] – AUSTIN, Texas, March 25, 2025 – A newly launched financial document, Hemp-Derived Cannabinoids within the Lone Megastar State: A Revisit of the Financial Affect Research of Cannabinoid Retail in Texas, finds that the hemp business is a significant contributor to the Texas financial system, producing $5.5 billion in annual gross sales with an estimated tax income of $268 million.
Evolved through Whitney Economics, this newest document builds upon its 2023 research of the prison Texas hemp business, inspecting revenues, employment, wages and the marketplace’s financial attainable. The 2025 replace puts further emphasis at the attainable affect of proposed regulation that may limit the sale of hemp-derived cannabinoid merchandise.
Key findings come with:
- Retail Enlargement: In 2025, retail income reached $4.3 billion, up from $3.3 billion in 2023, highlighting sustained shopper call for.
- Business Growth: Overall employment within the hemp business grew to 53,300 jobs in 2025, an building up of three,200 from 50,100 in 2023.
- Upper Pay: Business-wide wages rose to $2.1 billion in 2025, up from $1.6 billion in 2023, with hourly pay expanding throughout all sectors.
Regulatory Dangers May Value Texas Billions
Proposed state laws, together with Texas Senate Invoice 3, which seeks to prohibit all hemp-derived THC merchandise, may just price the business $7.5 billion and 40,201 jobs, in keeping with the newest knowledge.
“Texas’ hemp business isn’t just rising but in addition offering 1000’s of jobs and billions in financial affect,” mentioned Cynthia Cabrera, leader technique officer at Fatherland Hero and president of the Texas Hemp Industry Council. “On the other hand, proposed laws that prohibit or ban hemp-derived cannabinoid merchandise will devastate small companies, do away with tens of 1000’s of jobs and strip billions from the Texas financial system. Lawmakers will have to believe the actual financial penalties sooner than making selections that might shatter this thriving business.”
The Texas hemp-cannabinoid marketplace is house to greater than 8,500 companies, with 72% reporting profitability this yr. The 2025 document additional estimates the business’s general income at $5.5 billion* and its general financial affect at $10.3 billion. Different sector findings come with:
Retail Sector:
- Earnings: $4.3 billion
- Jobs: 41,359
- Wages: $1.53 billion
- Gross sales Tax Earnings: $268 million
Wholesale Sector:
- Earnings: $309 million
- Jobs: 4,043
- Wages: $190 million
Production Sector:
- Earnings: $956 million
- Jobs: 7,981
- Wages: $374 million
“Hemp merchandise are extra than simply an financial driving force; they make stronger the lives of numerous grownup Texans and veterans looking for rest and wellness,” Cabrera mentioned. “Since 2019, the Texas hemp marketplace has operated beneath strict laws, together with licensing, complete trying out, inspections, and right kind labeling with ISO-certified lab experiences. As the controversy continues within the Texas Legislature, we stay positive that cooler heads will succeed and lawmakers will see the price of a well-regulated marketplace. That’s why our business helps additional accountable measures, reminiscent of proscribing gross sales to people 21 and older, requiring child-resistant packaging, and setting up setbacks from colleges for adult-use gross sales. With the fitting safeguards, we will offer protection to customers, keep jobs, and make sure the business’s endured enlargement.”
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*Gasoline station gross sales and income of bigger producers aren’t represented within the 2025 survey findings.
Notice: Figures had been rounded to the closest entire quantity.
Learn about Method
Hemp-Derived Cannabinoids within the Lone Megastar State: A Revisit of the Financial Affect Research of Cannabinoid Retail in Texas used to be commissioned through the Texas Hemp Industry Council and its founding member, Fatherland Hero. The knowledge used to be accrued via a 22-question survey through Whitney Economics, focused on hemp business operators, together with outlets, producers and vendors. Performed over six weeks in early 2025, the survey reached greater than 4,500 companies, representing about 53% of Texas’ estimated 8,500 hemp-related companies. Whitney Economics supplemented the self-reported knowledge with impartial analysis, cross-referencing responses with exterior assets and insights from hashish and hemp markets. To estimate the business’s broader financial affect, a 2.4x multiplier impact used to be implemented.
