Hemp flower markets have evolved considerably since hemp was federally legalized in the U.S. In 2019, Type 3 cannabis flower – characterized by a cannabinoid profile containing less than 0.3% THC and more than 0.5% CBD, or other non-intoxicating cannabinoids – was an explosive market.
Non-intoxicating hemp flower, or “smokable hemp”, was explosive from the perspective of demand, but also explosive politically. Despite being Farm Bill compliant, hemp flower looked and smelled identically to marijuana, creating endless problems for law enforcement.
As cannabis extractors faced massive backlogs of CBD extracts after demand for CBD proved ephemeral, they pivoted in the lab, and began producing novel cannabinoids like delta-8 THC. Some hemp flower sellers realized they could spray or infuse type 3 hemp flower with delta-8 THC, and demand for this product soared.
In many cases buyers had…
09.17.2024
US glycerin prices rangebound amid market uncertainty
The US glycerin market remained rangebound in the week to Tuesday September 17, with prices for 80% crude and kosher crude glycerin steady to slightly higher. Biodiesel producers are...
09.17.2024
US animal fats and oils mostly stable; CWG edges higher on strong demand
The US animal fats and oils markets were stable to slightly higher on Tuesday September 17, with minimal trading as some sources cited “well-covered” positions for the month.
09.17.2024
US porcine, ruminant bloodmeal prices fall; USDA slightly raises forecast for GCAU count in 2024/25 [corrected]
Prices were rangebound for most items on the US animal proteins market on Tuesday September 17. The exceptions were bloodmeal in the Missouri River, Texas Panhandle and Indiana markets,...