Hemp markets are diverse, not racially or culturally, but in the size and scope of operators.  Consolidation will steadily wear this down, and sadly, some family-owned CBD operations were forced to close last year. Hemp prices and pricing for hemp derivatives haven’t been sufficient to service debt, or cash flow companies that were formed with a very different balance sheet than markets have afforded.  

Hemp markets are not monolithic.  The diversity we see in hemp markets is reminiscent of early biodiesel markets.  Our annual biodiesel conference – a must attend event over the years for operators in this space – included enthusiasts blending biodiesel in their basement, as well as oil behemoths.  This market diversity is similar in hemp, and is another aspect of highly fractured, inefficient markets.   

Cannabis operators, specifically…