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…
12.20.2024
45z guidance fails to appear; government scrambles to pass spending bill
The US government spending bill failed twice in as many days. If a deal is not reached by midnight on Friday December 20, some federal services will...
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US animal fats and oils end week softer across the board ahead of holiday slowdown
Prices for US animal fats and oils ended the week on a lower note on Friday December 20, with most markets trending downward ahead of the upcoming holiday week,...
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December cattle on feed down on month, year
Most US animal protein prices were rangebound for the week, though in wider ranges due to the impending Christmas and New Year's holiday closures.
The only significant price...