Join us for an exclusive webinar taking place Thursday, October 21st at 2pm CST with Barchart’s Senior Account Executive, Ryan Nelson and Regional Sales Director, Tateme Clark, as well as PanXchange Founder and CEO, Julie Lerner and Seth Boone, VP of Business Development.
Love of the hemp plant does not guarantee its success. But in order for a crop to be economically viable, it needs to be financially sustainable.
The Farm Service Agency (FSA) released their initial August planting report yesterday which estimates hemp plantings across all applications at 32,798 acres. Cannabinoids make up 20,131 acres, fiber has 4,185 acres, grain holds 5,409 acres, and seed had 3,072 acres planted. Overall acres are down sharply from the 72,258 (decrease of 39,460) acres reported last year, and PanXchange will break down the details by market segment below.
We would like to invite you to sponsor our upcoming white papers advertised to 10,000+ professionals like yourself in our network and an estimated equal amount advertised via our association networks, including Hemp Industry Association, Hemp Roundtable, and the Global Hemp Association.
Using methods that are both creative while remaining scientific and methodical, PanXchange has managed to find short-term variables that can be pared down into useful numbers. Information from retail estimates and other sources lean towards a slight increase in that projected demand. Factor in more efficient production and better yields; that increase seems minimal compared to the near doubling of the retail estimate to 3.5 billion.
See PanXchange’s Vice President of Business Development, Seth Boone’s comments in the 2021 Hemp Market Webinar.
Will transforming hemp-based CBD into mildly psychoactive Delta-8 THC save industrial hemp production? It’s complicated.
Today, the PanXchange team has found that over millions of pounds of oversupply have accrued since the 2019 crop and has left the hemp industry itching for a way out.
PanXchange founder and CEO Julie Lerner told DBJ that she sees the lawsuit as frivolous and an attempt to drain her company of valuable resources and prevent it from calling its services what they are.
The CBD/hemp markets, both in finished goods and on the supply side, are in a state of transition.