Last Week’s Hemp Commentary 

Delta-8 THC Theoretical Demand

Determining actual demand in CBD isolate or CBD crude markets is not possible.  Many operators have understandably pivoted to gray ∆8-THC markets to cash flow considerable debt, or salvage their life’s savings.  The legal risk for operators isomerizing actual ∆8 is far greater than for CBD isolate transactions, which are THC free and almost universally free of risk.  

We know operators who have chosen to steer clear of ∆8 markets and many more who do not intersect with demand or have maintained their pricing levels too high to attract bargain hunters. ∆8 markets are somewhat competitive, with vape cartridges selling for $8-15/grams(g). 

There is so much diversity still in the extraction segment and it is not reasonable to make universal statements.  Not all ∆8 is produced from old stocks of isolate or crude. Extraction activity continues for…