Dear Client: The largest cannabis operator in Texas, Bayou City Hemp, is betting on the beverage business, acquiring 8th Wonder Brewery, Distillery and Cannabis for an undisclosed amount. The acquisition follows several collaborations between the Houston craft brewer and Bayou City on non-alcoholic THC beverages, including the first hemp-infused seltzer in Texas [see CBD 07-14-2021], as well as a brick-and-mortar [see CBD 09-21-2022] and state-wide distribution partnership announced this spring [see CBD 05-10-2023]. A combined executive team was formed through
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