U.S. hemp ‘grossly oversupplied’ – and pressuring CBD prices: PanXchange

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U.S. hemp ‘grossly oversupplied’ - and pressuring CBD prices: PanXchange

The oversupply of U.S. hemp, which was largely grown last year for CBD extraction, could be significantly bigger than expected after prices tumbled in 2019 and farmers struggled to find buyers, deal-flow calculations by one trading platform show.