HIGH POINT, N.C.-- North Carolina lawmakers heard from businesses just moments after passing HB2 or what most call the 'Bathroom Bill'. Governor Pat McCrory signed the bill into law hours after it was passed on Wednesday, March 23.

NC Governor Signs Bathroom Bill Into Law

The NBA and other large companies released statements on how the law could affect their decision to host events in the state. Charlotte is scheduled to the NBA All-Star game in 2017 at the Hornets home stadium.

Bathroom Bill Backlash: Big Companies Calling Out NC HB2 Law

The NCAA is scheduled to host two regional rounds at the Greensboro Coliseum in March 2017.

Monday, the High Point Furniture Market, the largest of its kind in the world, said they've received cancellations from customers for the spring market. The High Point Market starts on Saturday, April 16.

The High Point Market Authority released this statement about the Bill and the cancellations:

NC HB2 Law Affect On High Point Market

Doug Bassett, Chairman of the High Point Market Authority said, "We do not discriminate against race, gender, religion sexual orientation or gender identity."

"There's a lot of money at stake here and a lot of the money is transferred to the buyers to the exhibitors and then to all the people in the restaurants and hotels and the bus companies so there's a lot of people by all demographic areas that are affected by this market," said President Tom Conley.

WFMY reached out to Governor Pat McCrory for comment. He hasn't responded about this particular issue but said businesses are better off with the new law.

"I'm proud of not putting a burdensome problem on businesses and letting them make the decision."

McCrory added the policies in place prior to the the new bill are the same.

I've had many, many positive conversations with people who once they get the facts they understand."

In regards to the furniture market losing customers, State Representative Ken Goodman tweeted "April Market is not a vacation. It's critical for buyers. They'll come."

He also tweeted. "They manufacture in the most oppressive countries in the world."

The 'Bathroom Bill' takes effect Friday, April 1.

According to a Duke University study, the High Point Market is the largest economic event in the state, with an annual economic impact of $5.38 billion.