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Hemp Farmers Giving Up As Prices Keep Falling
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Hemp Farmers Giving Up As Prices Keep Falling
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Delta-8, Smokable Flower Is Saving Hemp Farmers
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Demand Is Booming For Delta-8
Demand Is Booming For Delta-8
This controversial compound is making its way into all manner of products on the hemp market, and earning top dollar for those willing to take a chance on its uncertain future.
According to the January 2021 Hemp Benchmarks report, there is an increasing demand for delta-8 THC, which is not derived from hemp plant material but synthesized from extracted CBD. This is helping drive sales of crude CBD oil, CBD Isolate, and some wholesale CBD products.
As the popularity of delta-8 THC increases, Hemp Benchmarks observed a consistent decline in prices. Despite the fact that trading volumes of delta-8 THC remain a small proportion of those for CBD products, it is the fastest-growing product in the hemp sector as of the January report. A Tennessee processor told Hemp Benchmarks that they have seen as many as about 20% of their CBD customers shift to purchasing delta-8 THC.
Hemp Grower
Features - Business Lessons
In part II of this special two-part series, hemp farmers share the top cultivation lessons they’ve learned in the industry’s formative years.
© miakievy | AdobeStock
One of the most intriguing aspects of the emerging hemp industry’s first few years has been watching the plant’s boundless potential unfold. But the variety of products and technologies poised to enter the hemp marketplace has been matched by the variety of farmers with diverse backgrounds, growing methods and goals. In last month’s issue of
With a long-standing reputation for innovation, Nanticoke Gardens is well known as a premium grower of ornamental bedding plants. When the Agricultural Act of 2014 (the 2014 Farm Bill) made New York’s Industrial Hemp Agricultural Research Pilot Program possible, brothers Pete and Chip Shafer expanded production to include hemp.