Hemp Prices: “I’ve Fallen and I Can’t Get Up” | John Lothian News
John Lothian News
The August 2020 PanXchange® Hemp: Benchmarks and Analysis was published last week by our friends at PanXchange. Now, at the end of August the harvest of field grown industrial hemp has not only begun, but also some early harvested hemp targeted to the cannabidiol (CBD) market is beginning to change hands.
PanXchange reports that they have seen new crop CBD hemp trading at a premium to last year’s crop. The premium for new crop hemp reflects, at least in part, the risk that the cannabinoid profile of hemp can deteriorate over time. Dominated by transactions for last year’s crop, PanXchange’s August price data show the price of CBD hemp stuck in the basement where it has been all this year. There is still a large overhang of 2019 supply to work through.