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'They appeared adamant that, if the policy was implemented, brands would only be able to compete on price, which would result in lower prices, greater affordability and, consequently, increased consumption

The state's new hemp regulations slash a proposed 10,000% increase in the annual fees charged to retailers and manufacturers of what Texas calls "consumable hemp products." But the adopted fees $5,000 per year for each retail location and $10,000 per year for each manufacturing facility are still 33 and 40 times higher, respectively, than existing levies

Vibes are really important, said Cody Edwards, manager of Smoke ATX on Slaughter Lane

Eleven states, along with the District of Columbia, have an average price above $10 per pack