These early days of hemp production, processing, and marketing are very much a time of experimentation. Cannabinoid production started with labor intensive methods in a spectrum ranging from row crop or tobacco style production to orcharding or Christmas tree production models. Essentially various flavors of high-labor production, paired with falling hemp prices.
Flower production is high labor, but for producers locked into current trade flows, it pencils out nicely with returns exceeding $150,000/acre or more. Much more, in some cases. These figures are based on 1000 lbs. marketable flower/acre, at $150/lb. wholesale pricing. Greenhouse yields can easily exceed 30 grams/ft2, the equivalent of nearly 3000 lbs./acre, or $525,000/acre, using $175/lb. wholesale pricing.
The question really is what the demand will actually be, something nobody knows the answer to. Hemp flower is a…
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