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Cannabinoid biomass markets continue to confirm the rumblings of scarcity as the spread between old and new crop prices widens. Old crop biomass is trading around $0.10 to $0.125 per point CBD, and inventories are still quite large. However, CBD content available at this price point is diminished to 3% to 5% CBD which explains the $0.40 to $1.00 per pound price range for lower quality old crop. Higher quality old crop (>8% CBD) prices typically range from $1.20 to $2.00 per pound, with reported per point CBD prices ranging from $0.175 to $0.25.
February 14, 2022, Denver, CO. PanXchange today announced the opening of its industrial hemp trading platform to any qualified growers, processors, CPG manufacturers, and trade houses (non-brokers), waiving registration fees and commissions. Julie Lerner, PanXchange’s CEO explains, “Growth of the hemp industry has suffered tremendously since legalization, due to overproduction, competition and subsequent M&A, and stigma in mainstream agriculture, topped off by a global pandemic. However, we fully believe in hemp’s future as an industrial product and we wanted to do our part to support the community. As such, we decided to waive registration and commissions on all cannabinoid trading and semi-processed fiber.”
Like many crops before it, hemp can be bred and cultivated to optimize a single primary application; fiber, grain, or CBD. Unlike the cropsbefore it, however, hemp has had problems with stigma, and years of prohibition which prevented applications from being developed sooner. This lack of global use and infrastructure has resulted in highly specialized genetics in terms of application and growing regions. Now, our industry must adapt to keep up with the changing technology and infrastructure.
Hemp Concrete or hempcrete results from wet mixing a hemp plant’s shredded stem with a lime mineral-based binder to create a material that can be cast into molds then dried. These molds are commonly used in construction as insulation or some form of concrete. Hempcrete is different than other building materials like standard concrete, plaster, or mortar because of the void space between the mixed hemp strands. The limestone binder acts as an adhesive, setting the fibers permanently but not forming a complete solid.
October 14, 2021 Denver, CO. PanXchange today announced the release of its white paper on the many applications of hemp in the animal feed market.