2020 Hemp Production

2020 Hemp Production

Licensed hemp acreage is a moving target.  The numbers aren’t reliable for supply and demand calculations but do provide another data point to look at trends.  Last year’s permitted acreage exceeded 500,000, with 25% or less actually harvested, perhaps 20%, by our estimates.  This year we believe over 450,000 acres have been licensed, as detailed in Hemp Industry Daily’s

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. They note that licensed growers have increased by 27% YOY, to 21,496.  There are more people growing less acres, but the reality is that not all of those producers will plant any crop at all.  None of this will have a meaningful impact on hemp prices, unless either the supply or demand picture radically…

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