The prices for unprocessed hemp for CBD (CBD biomass) and for distilled CBD have consolidated at low levels, according to May data reported by the PanXchange, holding at about 20 percent of last year’s peak prices posted shortly before the harvest started.
Around this time last year, CBD-hemp prices started on a tear that didn’t let up until a dramatic price collapse in August. Hemp grown for CBD production currently dominates non-marijuana cannabis production and consumption.
In recent weeks, Aurora Cannabis stock has seen new life. It all started with the company releasing its third-quarter 2020 results on May 14, which showed 18% revenue growth from the prior period. A commitment to further improving its costs also gave investors a reason to be hopeful that profitability may not be just a pipe dream.
Citing a precipitous downturn in hemp commodity prices, the U.S. Hemp Roundtable has written to federal agriculture authorities seeking a change to agency rules on getting coronavirus pandemic-related assistance.
On each Friday following the distribution of PanXchange® Hemp: Benchmarks & Analysis, the Hemp team will be hosting an online webinar to discuss industry trends such as our regional pricing benchmarks, market commentary, supply and demand analysis, and other recent content. This webinar is intended to give our subscribers the opportunity to connect with the PanXchange team to ask questions and discuss topics in an open format. This is a new service exclusive to only PanXchange platform participants and data subscribers – at no additional cost.
Virtually every physical commodity market (even specialty markets such as industrial hemp and specialty sand for the energy industry) is currently experiencing a significant oversupply scenario.
We talk with RJ Hopp, Director of Hemp Markets about the hemp market fluctuations, declining hemp licenses, and the outlook in industrial hemp futures.
Financial and commodity markets, regardless of the industry, have changed due to the outbreak of COVID-19.
These rulings continue, despite a federal decision to de-schedule hemp as a controlled substance and forty-seven individual states adopting some sort of hemp production legislation.
As part of our evolving coverage of all aspects of the cannabis business, John Lothian News is passing on information and insights about industrial hemp to our readers on a monthly basis.
2020 is a year that no one saw coming, such is the case throughout the projected hemp industry, PanXchange is working to change that.
