As A Processor, How Do You Navigate The Plummeting Prices?

It’s typically lower maintenance for farmers and generally yields a higher crop and a higher-quality product. Pests are a big challenge, and farmers must have ideal weather – which is just about impossible to control. Outdoor cultivation allows crops to photosynthesize using sunlight. Even the best indoor operations can’t recreate the nourishment provided by good old-fashioned sunlight.

The American hemp market is expected to reach more than $26 billion by the middle of the next decade, but farmers aren’t seeing many financial gains. Producers of CBD have to create a high-quality, CBD-rich strain of cannabis. That means they work on engineering a strain that has higher levels of CBD than other cannabinoids. This is a tricky part of the process, because there are so many legal gray areas in this country. The producers have a doubly difficult job – creating a high-quality strain and making sure not to step outside of what the law allows.

The significant difference, of course, is that CBD from hemp contains very little THC , while cannabis-sourced CBD may have both THC and CBD present in substantial amounts. However, despite this all, there is a lot of low-grade, cheap CBD oil out there that has been processed with robust chemical solutions. Knowing the general cost of CBD along with some of the industry’s most popular brands, you might be thinking of purchasing a quality CBD tincture for sale. Speaking of brands, there is a pretty new brand called Nature’s Best CBD, and from what I can tell they are currently offering an excellent CBD product at an affordable price. Nevertheless, if one knows what to look for, then he can still make a purchase of a pure CBD oil for far less than the price I have just mentioned above.

Wheat, corn and other commercial crops can quickly be sold to local grain elevators, but it’s not that easy with CBD. The bulk of the hemp market is currently overseas, where hemp has been legal for a long time. The 2018 Farm Bill helped usher in the era of CBD, and naturally, lots of farmers wanted to take advantage of the new trend. A new report shows that in 2019, there was a 72 percent increase in the number of acres dedicated to hemp farming. Now that the first harvest of 2020 is just about finished, lots of farmers are looking for places to sell their crops CBD oil.

  • "This is great news for consumers but reflects the heat of competition that many brands are feeling as more and more players enter the CBD market."
  • Aspiring political journalist & small-town stoner currently living in Los Angeles.
  • The report outlined the price differences for each product family and each brand name including full and broad spectrum tinctures, isolate tinctures, gummies, soft gels, topicals, vapes and isolates.
  • By night, I roll fat joints and do my best to debrief Weed News readers on the latest cannabis happenings.
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In this supercritical state, the CO2 can permeate solid plant matter – in other words, it pulls things like CBD from the plant. Pests, animals and thieves all have a more challenging time reaching the indoor plants, which is a plus. But indoor farming comes at a cost since it’s a significant financial investment. Since the indoor farming approach requires artificial lighting and water sources, farmers have to foot that bill.

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But outdoor crops are subject to lots of issues, like the ones we’ve mentioned above. Aside from the human pests, farmers must consider other pests and animals who like to munch on hemp plants’ tasty green leaves.

Indoor farming offers farmers a lot more control over their crops and yields. It helps produce quality hemp, even in incredibly inhospitable conditions. For this reason, indoor farming is quickly becoming the go-to choice for hemp farmers, especially after the disastrous 2019 growing season. Comparatively, outdoor farming is less expensive than indoor agriculture.