Texas Cannabis Company Looks to Grow with State's Compassionate Use Act
GRAYSON COUNTY, TX - It's been called the "green rush." As marijuana laws relax across the country, dispensaries are popping up to cash in on the new industry.
The industry is especially new to Texas. One Texas company is hoping to grow and expand with the state's Compassionate Use Act.
An old cotton gin will soon be transformed into what's being called the first open, transparent and legal cannabis company in Texas. Patrick Moran, the CEO of AcquiFlow, wants his company to be one of the state's go-to dispensaries once the Compassionate Use Act takes full-effect.
"We'll actually cultivate and grow the plant there on site, process it through two different methodologies, there's numerous extraction methodologies, we've chosen two of them and then we will both dispense there on site to appropriate patients under the program and also distribute statewide to different dispensaries," said Moran.
Moran would be dispensing a marijuana by-product known as CBD oil. It's very low in THC, which means it doesn't get you high and is used to treat rare diseases like intractable epilepsy. But lawmakers may expand the Compassionate Use Act next session.
"As legislators we don't have all the answers about what's the best medicine for patients," said Republican State Representative Jason Isaac.
Part of the expansion could mean more patients could have access to marijuana for medical use. It could also be prescribed in other forms - besides oil.
Representative Isaac said he's heard from Veterans with Post Traumatic Stress Disorder, wanting to give it a try.
"It helps them meditate, it calms their nerves, and so they would like to see those benefits and those options available here in the state of Texas and I'm certainly supportive of that."
If medical cannabis laws grow in Texas, Moran says they’ll be ready.
"If the market expands, which I think is the right thing to do for Texas, for our citizens, then we will absolutely engage in it."
But their focus now, is on creating what he calls the Texas showroom of a functional cannabis industry.
"Our belief is that the best way to expand this legislation and to get this to work is to succeed at what's here, now."
AcquiFlow is located in the small town of Gunter, about 60 miles north of Dallas.
They plan to break ground on transforming the cotton gin into a cannabis dispensary in August.