Hemp prices have held relatively steady over the last several months.  Little biomass is trading hands, but isolate demand has held steady as ∆8 THC continues to thrive in the marketplace.  Policy for ∆8 is extremely unclear at this point. We expect pushback from law enforcement in the future, but ∆8 could conceivably have a long runway. 

The unregulated extract industry presents safety concerns in a field of operators with disparate skill levels and tenuous financial positions.  The professional operators aren’t the issue and won’t drive policy in the way careless operators will, enabled by less than adequate lab analysis in some cases. 

Certified Organic extracts are under scrutiny from USDA, with at least one operator forced to recall product with trace pesticide…