Latest news with #YourCBDStore®
Yahoo
6 hours ago
- Business
- Yahoo
Your CBD Store and Small Business Owners Call on Governor Abbott to Veto SB 3, Citing Devastating Economic Consequences
Sunmed™ | Your CBD Store® urges Texas Governor Greg Abbott to Veto Senate Bill 3 AUSTIN, Texas, June 9, 2025 /PRNewswire/ -- Sunmed™ | Your CBD Store®, along with its small business hemp retailers across the state, are urging Governor Greg Abbott to veto Senate Bill 3 (SB 3) in account of depriving law-abiding small businesses the opportunity to offer Texans wellness and therapeutic products that foster the Texas economy. Unless Governor Abbott issues a veto against it, SB 3 will ban most hemp-derived cannabinoid products currently sold at over 7,500 licensed retail establishments throughout Texas. Sunmed | Your CBD Stores are owned by independent small businesses that rely on the sale of legal and wellness hemp-derived cannabinoid products to make a living and support their families. Ralph Paul, who owns a Sunmed | Your CBD Store in Keller, Texas, warns: "If SB 3 is signed into law, I'll have no choice but to shut down my businesses. This isn't just about product bans, it's about laying off employees, defaulting on leases, and losing everything we've built. We operate legally and transparently under the Texas Hemp Program. We don't deserve to be collateral damage in a political agenda." Across the state, retailers are bracing for closures. Gary Brandt, owner of a Sunmed | Your CBD Store in Lakeway, Texas, adds: "I've invested my savings, hired local staff, and served customers who depend on our wellness products. This bill doesn't just hurt businesses, it devastates families, communities, and the state's fiscal health. We're urging Governor Abbott to veto SB 3 and stand with small businesses." According to the 2025 Economic Impact of Hemp Cannabinoid Processing and Manufacturing on Texas report by Whitney Economics, the hemp-derived cannabinoid industry is a cornerstone of the Texas economy: 53,300 Texans employed $2.1 billion in wages paid $5.5 billion in revenue generated $267 million in retail sales tax contributed $10–10.5 billion total economic impact The Whitney report underscores that this industry's influence extends beyond storefronts and into rural farming, supply chains, distribution, and manufacturing. Over 8,500 total licenses, spanning retail, wholesale, and manufacturing, will be rendered obsolete. Sunmed | Your CBD Store and its affiliate network support responsible regulation and consumer safety. However, SB 3 amounts to a prohibition and wipes out a thriving, tax-contributing industry that operates under a clear legal framework. Call to ActionWe urge all Texans to oppose SB 3. Contact Governor Abbott and request that he veto this harmful legislation: Call Governor Abbott: (512) 463-2000 Email the Governor: Contact Form Sign the Texas Hemp Business Council Petition: Sign Petition Sign the U.S. Hemp Roundtable Petition: Sign Petition Sunmed stands with small businesses and the Texas communities they serve. We believe in protecting consumer access to safe, effective hemp products and supporting the local entrepreneurs who provide them. Join us in defending our industry, our economy, and our right to choose. Contact Patrick ShatzerSunmed l Your CBD Storecustomersupport@ About Sunmed™ | Your CBD Store® Sunmed | Your CBD Store, an affiliate of Sunflora, Inc., is the largest hemp retailer in the United States and the exclusive home of award-winning, hemp-derived Sunmed products. With 260+ nationwide locations across 39 states, the brand offers a premium in-store customer experience with access to 150+ nonpharmaceutical wellness formulas, including clinically proven sleep gummies, pain relief topicals, USDA-organic oil tinctures, and CBD for pets. Through in-store education, community involvement, and groundbreaking clinical research, Sunmed strives to empower modern wellness and enhance people's lives with natural science-backed products. Learn more at View original content to download multimedia: SOURCE Sunmed
Yahoo
7 hours ago
- Business
- Yahoo
Your CBD Store and Small Business Owners Call on Governor Abbott to Veto SB 3, Citing Devastating Economic Consequences
Sunmed™ | Your CBD Store® urges Texas Governor Greg Abbott to Veto Senate Bill 3 AUSTIN, Texas, June 9, 2025 /PRNewswire/ -- Sunmed™ | Your CBD Store®, along with its small business hemp retailers across the state, are urging Governor Greg Abbott to veto Senate Bill 3 (SB 3) in account of depriving law-abiding small businesses the opportunity to offer Texans wellness and therapeutic products that foster the Texas economy. Unless Governor Abbott issues a veto against it, SB 3 will ban most hemp-derived cannabinoid products currently sold at over 7,500 licensed retail establishments throughout Texas. Sunmed | Your CBD Stores are owned by independent small businesses that rely on the sale of legal and wellness hemp-derived cannabinoid products to make a living and support their families. Ralph Paul, who owns a Sunmed | Your CBD Store in Keller, Texas, warns: "If SB 3 is signed into law, I'll have no choice but to shut down my businesses. This isn't just about product bans, it's about laying off employees, defaulting on leases, and losing everything we've built. We operate legally and transparently under the Texas Hemp Program. We don't deserve to be collateral damage in a political agenda." Across the state, retailers are bracing for closures. Gary Brandt, owner of a Sunmed | Your CBD Store in Lakeway, Texas, adds: "I've invested my savings, hired local staff, and served customers who depend on our wellness products. This bill doesn't just hurt businesses, it devastates families, communities, and the state's fiscal health. We're urging Governor Abbott to veto SB 3 and stand with small businesses." According to the 2025 Economic Impact of Hemp Cannabinoid Processing and Manufacturing on Texas report by Whitney Economics, the hemp-derived cannabinoid industry is a cornerstone of the Texas economy: 53,300 Texans employed $2.1 billion in wages paid $5.5 billion in revenue generated $267 million in retail sales tax contributed $10–10.5 billion total economic impact The Whitney report underscores that this industry's influence extends beyond storefronts and into rural farming, supply chains, distribution, and manufacturing. Over 8,500 total licenses, spanning retail, wholesale, and manufacturing, will be rendered obsolete. Sunmed | Your CBD Store and its affiliate network support responsible regulation and consumer safety. However, SB 3 amounts to a prohibition and wipes out a thriving, tax-contributing industry that operates under a clear legal framework. Call to ActionWe urge all Texans to oppose SB 3. Contact Governor Abbott and request that he veto this harmful legislation: Call Governor Abbott: (512) 463-2000 Email the Governor: Contact Form Sign the Texas Hemp Business Council Petition: Sign Petition Sign the U.S. Hemp Roundtable Petition: Sign Petition Sunmed stands with small businesses and the Texas communities they serve. We believe in protecting consumer access to safe, effective hemp products and supporting the local entrepreneurs who provide them. Join us in defending our industry, our economy, and our right to choose. Contact Patrick ShatzerSunmed l Your CBD Storecustomersupport@ About Sunmed™ | Your CBD Store® Sunmed | Your CBD Store, an affiliate of Sunflora, Inc., is the largest hemp retailer in the United States and the exclusive home of award-winning, hemp-derived Sunmed products. With 260+ nationwide locations across 39 states, the brand offers a premium in-store customer experience with access to 150+ nonpharmaceutical wellness formulas, including clinically proven sleep gummies, pain relief topicals, USDA-organic oil tinctures, and CBD for pets. Through in-store education, community involvement, and groundbreaking clinical research, Sunmed strives to empower modern wellness and enhance people's lives with natural science-backed products. Learn more at View original content to download multimedia: SOURCE Sunmed
Yahoo
30-05-2025
- Business
- Yahoo
Your CBD Store® and Independent Business Owners Oppose SB 3: A Call to Action for Texas Residents
Sunmed™ | Your CBD Store® asks Texas Governor Greg Abbott to Veto Senate Bill 3 AUSTIN, Texas, May 30, 2025 /PRNewswire/ -- Sunmed™ | Your CBD Store® stands in firm opposition to Texas Senate Bill 3 (SB 3), which threatens the livelihood of thousands of small and independent Texas merchants and business owners and denies access to a wide range of wellness and therapeutic products. This Bill, if signed into law, will have devastating consequences for Texas's small business community, including the loss of over 53,000 jobs and the closure of 8,000 businesses. Key Concerns: Massive Job LossSB 3 jeopardizes more than 53,000 jobs in the Texas hemp industry, directly threatening the livelihoods of families across the state. Severe Economic ImpactThe Bill's economic repercussions are extensive and disproportionately harmful to small and independently owned businesses that depend on the sale and merchandising of hemp products. A fiscal note from the Legislative Budget Board (LBB) projects a net negative impact of $19.27 million to general revenue-related funds for the biennium ending August 31, 2027. These losses are expected to increase annually, reaching an estimated $11.69 million by 2030. These projections are considered conservative, and the actual impact is expected to be significantly greater. (Source: Texas Senate Bill 3: Dan Patrick's Ban on All THC Products - Texas Policy Research) Reduced Consumer ChoiceSB 3 does not reflect the interests of Texas residents, who have consistently voiced strong support for accessible and responsibly regulated hemp products. Public hearings have included extensive testimony opposing the Bill, highlighting overwhelming community support. Overly Restrictive RegulationsThe Bill effectively amounts to an industry-wide ban by limiting permissible hemp-derived consumables to only isolated forms of CBD and CBG. These limitations exclude a variety of THC-free, broad-spectrum products that consumers rely on, and force businesses to develop entirely new product lines to remain compliant. Unsustainable Costs for Small BusinessesSB 3 imposes burdensome licensing fees of $20,000 annually for retailers and $10,000 per year plus $500 per product for manufacturers. These fees place an undue financial strain on small businesses, threatening their sustainability. Call to ActionWe urge all Texans to oppose SB 3. Contact Governor Abbott and request that he veto this harmful legislation: Call Governor Abbott: (512) 463-2000 Email the Governor: Contact Form Sign the Texas Hemp Business Council Petition: Sign Petition Sign the U.S. Hemp Roundtable Petition: Sign Petition Sunmed™ | Your CBD Store® stands with small businesses and the Texas communities they serve. We believe in protecting consumer access to safe, effective hemp products and supporting the local entrepreneurs who provide them. Join us in defending our industry, our economy, and our right to choose. Contact Patrick ShatzerSunmed l Your CBD Storecustomersupport@ About Sunmed™ | Your CBD Store® Sunmed | Your CBD Store, an affiliate of Sunflora, Inc., is the largest hemp retailer in the United States and the exclusive home of award-winning, hemp-derived Sunmed products. With 300+ nationwide locations across 42 states, the brand offers a premium in-store customer experience with access to 150+ nonpharmaceutical wellness formulas, including clinically proven sleep gummies, pain relief topicals, USDA-organic oil tinctures, and CBD for pets. Through in-store education, community involvement, and groundbreaking clinical research, Sunmed strives to empower modern wellness and enhance people's lives with natural science-backed products. Learn more at View original content to download multimedia: SOURCE Sunmed Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
30-05-2025
- Business
- Yahoo
Your CBD Store® and Independent Business Owners Oppose SB 3: A Call to Action for Texas Residents
Sunmed™ | Your CBD Store® asks Texas Governor Greg Abbott to Veto Senate Bill 3 AUSTIN, Texas, May 30, 2025 /PRNewswire/ -- Sunmed™ | Your CBD Store® stands in firm opposition to Texas Senate Bill 3 (SB 3), which threatens the livelihood of thousands of small and independent Texas merchants and business owners and denies access to a wide range of wellness and therapeutic products. This Bill, if signed into law, will have devastating consequences for Texas's small business community, including the loss of over 53,000 jobs and the closure of 8,000 businesses. Key Concerns: Massive Job LossSB 3 jeopardizes more than 53,000 jobs in the Texas hemp industry, directly threatening the livelihoods of families across the state. Severe Economic ImpactThe Bill's economic repercussions are extensive and disproportionately harmful to small and independently owned businesses that depend on the sale and merchandising of hemp products. A fiscal note from the Legislative Budget Board (LBB) projects a net negative impact of $19.27 million to general revenue-related funds for the biennium ending August 31, 2027. These losses are expected to increase annually, reaching an estimated $11.69 million by 2030. These projections are considered conservative, and the actual impact is expected to be significantly greater. (Source: Texas Senate Bill 3: Dan Patrick's Ban on All THC Products - Texas Policy Research) Reduced Consumer ChoiceSB 3 does not reflect the interests of Texas residents, who have consistently voiced strong support for accessible and responsibly regulated hemp products. Public hearings have included extensive testimony opposing the Bill, highlighting overwhelming community support. Overly Restrictive RegulationsThe Bill effectively amounts to an industry-wide ban by limiting permissible hemp-derived consumables to only isolated forms of CBD and CBG. These limitations exclude a variety of THC-free, broad-spectrum products that consumers rely on, and force businesses to develop entirely new product lines to remain compliant. Unsustainable Costs for Small BusinessesSB 3 imposes burdensome licensing fees of $20,000 annually for retailers and $10,000 per year plus $500 per product for manufacturers. These fees place an undue financial strain on small businesses, threatening their sustainability. Call to ActionWe urge all Texans to oppose SB 3. Contact Governor Abbott and request that he veto this harmful legislation: Call Governor Abbott: (512) 463-2000 Email the Governor: Contact Form Sign the Texas Hemp Business Council Petition: Sign Petition Sign the U.S. Hemp Roundtable Petition: Sign Petition Sunmed™ | Your CBD Store® stands with small businesses and the Texas communities they serve. We believe in protecting consumer access to safe, effective hemp products and supporting the local entrepreneurs who provide them. Join us in defending our industry, our economy, and our right to choose. Contact Patrick ShatzerSunmed l Your CBD Storecustomersupport@ About Sunmed™ | Your CBD Store® Sunmed | Your CBD Store, an affiliate of Sunflora, Inc., is the largest hemp retailer in the United States and the exclusive home of award-winning, hemp-derived Sunmed products. With 300+ nationwide locations across 42 states, the brand offers a premium in-store customer experience with access to 150+ nonpharmaceutical wellness formulas, including clinically proven sleep gummies, pain relief topicals, USDA-organic oil tinctures, and CBD for pets. Through in-store education, community involvement, and groundbreaking clinical research, Sunmed strives to empower modern wellness and enhance people's lives with natural science-backed products. Learn more at View original content to download multimedia: SOURCE Sunmed Sign in to access your portfolio
