CV Sciences, Inc. Applauds Governor Abbot's Veto of Senate Bill 3
CV Sciences (OTCQB:CVSI), a consumer wellness company focused on hemp extracts, commends Texas Governor Greg Abbott's decision to veto Senate Bill 3. The bill would have effectively banned the sale of consumable hemp products in Texas.
The vetoed legislation posed a significant threat to Texas's hemp industry, which provides employment to thousands and supplies wellness products statewide. Governor Abbott emphasized the need for a regulatory framework that ensures public safety, aligns with federal law, maintains proper enforcement funding, and can be implemented without delays.
CV Sciences (OTCQB:CVSI), un'azienda nel settore del benessere dei consumatori focalizzata sugli estratti di canapa, apprezza la decisione del governatore del Texas Greg Abbott di veto al Senate Bill 3. Il disegno di legge avrebbe di fatto vietato la vendita di prodotti commestibili a base di canapa in Texas.
La legislazione bloccata rappresentava una minaccia significativa per l'industria della canapa texana, che d脿 lavoro a migliaia di persone e fornisce prodotti per il benessere in tutto lo stato. Il governatore Abbott ha sottolineato la necessit脿 di un quadro normativo che garantisca la sicurezza pubblica, sia in linea con la legge federale, mantenga i fondi adeguati per l'applicazione delle norme e possa essere implementato senza ritardi.
CV Sciences (OTCQB:CVSI), una empresa de bienestar para consumidores centrada en extractos de c谩帽amo, felicita la decisi贸n del gobernador de Texas, Greg Abbott, de vetar el Senate Bill 3. El proyecto de ley habr铆a prohibido efectivamente la venta de productos comestibles de c谩帽amo en Texas.
La legislaci贸n vetada representaba una amenaza significativa para la industria del c谩帽amo en Texas, que emplea a miles de personas y suministra productos de bienestar en todo el estado. El gobernador Abbott enfatiz贸 la necesidad de un marco regulatorio que garantice la seguridad p煤blica, est茅 alineado con la ley federal, mantenga la financiaci贸n adecuada para la aplicaci贸n y pueda implementarse sin demoras.
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CV Sciences (OTCQB:CVSI), une entreprise de bien-锚tre ax茅e sur les extraits de chanvre, f茅licite la d茅cision du gouverneur du Texas, Greg Abbott, de veto sur le Senate Bill 3. Ce projet de loi aurait effectivement interdit la vente de produits comestibles 脿 base de chanvre au Texas.
La l茅gislation rejet茅e repr茅sentait une menace importante pour l'industrie du chanvre au Texas, qui emploie des milliers de personnes et fournit des produits de bien-锚tre 脿 l'茅chelle de l'脡tat. Le gouverneur Abbott a soulign茅 la n茅cessit茅 d'un cadre r茅glementaire garantissant la s茅curit茅 publique, conforme 脿 la loi f茅d茅rale, assurant un financement ad茅quat de l'application et pouvant 锚tre mis en 艙uvre sans retard.
CV Sciences (OTCQB:CVSI), ein Verbraucher-Wellness-Unternehmen mit Fokus auf Hanfextrakte, begr眉脽t die Entscheidung von Texas Gouverneur Greg Abbott, den Senate Bill 3 zu vetieren. Das Gesetz h盲tte den Verkauf von konsumierbaren Hanfprodukten in Texas effektiv verboten.
Die abgelehnte Gesetzgebung stellte eine erhebliche Bedrohung f眉r die Hanfindustrie in Texas dar, die Tausende besch盲ftigt und landesweit Wellness-Produkte liefert. Gouverneur Abbott betonte die Notwendigkeit eines regulatorischen Rahmens, der die 枚ffentliche Sicherheit gew盲hrleistet, mit Bundesgesetzen 眉bereinstimmt, eine angemessene Durchsetzungsfinanzierung sicherstellt und ohne Verz枚gerungen umgesetzt werden kann.
- Veto preserves CV Sciences' ability to continue operations in Texas market
- Protection of existing hemp industry jobs and businesses in Texas
- Maintained access to federally legal hemp products for Texas consumers
- None.
SAN DIEGO, CALIFORNIA / / June 23, 2025 / CV Sciences, Inc. (OTCQB:CVSI) (the "Company", "CV Sciences", "our", "us" or "we"), a preeminent consumer wellness company specializing in hemp extracts and other proven science-backed, natural ingredients and products, today applauds Texas Governor Greg Abbott for vetoing Senate Bill 3, which would have created an effective ban on the sale of consumable hemp products across the state of Texas.
The proposed legislation posed a direct threat to Texas's robust hemp industry, which supports thousands of jobs and provides effective wellness products for consumers throughout the state. Senate Bill 3 would have effectively removed the majority of hemp-derived products currently available on the market, disrupting small businesses and limiting consumer access to federally legal wellness alternatives. We agree with Governor Abbott as he declared in his veto statement: "Texas must enact a regulatory framework that protects public safety, aligns with federal law, has a fully funded enforcement structure, and can take effect without delay."
CV Sciences remains committed to advocating for science-backed, safe and legal access to hemp-derived products across the country. The Company thanks Governor Abbott for recognizing the consumer impact of this bill.
About CV Sciences, Inc.
CV Sciences, Inc. (OTCQB:CVSI) is a consumer wellness company specializing in nutraceuticals and plant-based foods. The Company's hemp extracts and other proven, science-backed, natural ingredients and products are sold through a range of sales channels from B2B to B2C. The Company's +PlusCBD鈩� branded products are sold at select retail locations throughout the U.S. and are the top-selling hemp-extract brand in the natural products market, according to SPINS, the leading provider of syndicated data and insights for the natural, organic and specialty products industry. With a commitment to science, PlusCBD鈩� product benefits in healthy people are supported by human clinical research data, in addition to three published clinical case studies available on PubMed.gov. +PlusCBD鈩� was the first hemp extract supplement brand to invest in the scientific evidence necessary to receive self-affirmed Generally Recognized as Safe (GRAS) status. The Company also produces cannabinoid-free supplements under its +PlusHLTH鈩� brand, with targeted formulations to optimize health, improve performance, and increase vitality. Our Cultured Foods鈩� brand provides a variety of
Forward Looking Statements
This press release may contain certain forward-looking statements and information, as defined within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, and is subject to the Safe Harbor created by those sections. This material contains statements about expected future events and/or financial results that are forward-looking in nature and subject to risks and uncertainties. Such forward-looking statements by definition involve risk and uncertainties. CV Sciences does not undertake any obligation to publicly update any forward-looking statements, except as required by applicable law. As a result, investors should not place undue reliance on such forward-looking statements.
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SOURCE: CV Sciences, Inc.
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FAQ
What was Texas Senate Bill 3 and why did Governor Abbott veto it?
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