The massive rush to market for CBD in 2019 was not exclusively driven by farmers.  The sheer volume of people growing small to moderate amounts of cannabinoid hemp caused major disruption, and broad, dispersed losses.  Without demand, the product was never going anywhere.  Demand for delta-8 THC, CBN or other substances resulting from R&D using converted CBD isolate have barely chipped away at overall CBD isolate inventories.  

The entire madness that was CBD markets after the 2018 Farm Bill was driven by thousands of people, many of whom are non-farmers.  The market opportunity unleashed healthy amounts of capital to enterprises all over the US.  Canadians were keen to strike deals with US farmers, and large sums of money were poised to fund CBD oriented enterprises.  The thought was that if you can grow a crop of hemp, you can’t lose. 

…