Last Week’s Hemp Commentary

Hot Hemp

Hemp seed breeders have an extended buffer for product development, with the delayed implementation of the USDA’s IFR.  A couple of years isn’t a long time in seed variety development, and the stricter THC rules in the IFR are much harder to consistently adhere to.  Long term this could impact hemp supply and hemp prices, but no major price movements are expected in the near-term. 

Crops are testing hot this year, and seemingly at a higher level than last year, anecdotally, but there is no reporting on hot crops available in real time.  Our sources spread around the US report some incidents of non-compliant crops, but testing remains a big mystery.  One Michigan producer’s crop tested at .6%, twice the allowed limit.  A follow up test at the same lab returned a THC level…