Like most commodities, volume is a major factor in determining overall market price. According to Hemp Benchmarks’ January, 2020 report, the price of CBD biomass when purchasing up to 25K pounds is about $1.31 per % CBD per pound. By contrast when volume increases to 100K pounds, 1M pounds, or 1M+ pounds the price subsequently drops to $1.14, $1.01, and The USDA recently published its interim rules for hemp sale and cultivation, which determined that total THC content cannot exceed 0.3%. Moreover the rules define total THC to include THCA content as well through the following equation: (%THCA*.877) + %Delta9-THC..55 respectively.
Biomass refers to the whole hemp plant materials. The vast majority of the market utilizes biomass to produce CBD, which is derived from the leaves and stalks, aka “waste” after the plant’s flowers and seeds has been used — in a wide variety of products and supplements. Prices for biomass are generally dependent on the CBD content per pound, which is measured on a dry weight basis on a standard that requires it be at least 80% dry (according to Hemp Benchmarks ). When CBD biomass is not dry enough, it will result in a decreased wholesale price.
When harvesting hemp for smokable flower, oils or isolates, cannabinoid levels matter. For example, CBD biomass pricing is directly dependent on the percentage of CBD per pound. With regards to distillates, THC content directly affects the wholesale price. As mentioned above, when hemp oil is 100% stripped of THC, it sells for nearly double the price of full spectrum oil.
Once hemp is harvested, growers must immediately transport the plants to a drying facility to remove the majority of moisture content. On strategy is slow curing, which requires growers to utilize a facility that is between 60 and 70°F with humidity levels between 45 – 55%. This process helps preserve volatile terpenes, which can degrade at higher temperatures. It also provides an environment whereby freshly harvested hemp can continue increasing in cannabinoid potency. While this method certainly produces a higher quality product that could warrant more money due to a higher CBD concentration, it may also end up producing more than the legal limit of THC.
Aside from CBD and THC, lesser known cannabinoids like CBG (will link to the blog) or CBN are making the biggest difference in price. According to Hemp Benchmarks the price of CBG biomass varies, but generally sells for around $22.42 per % CBG per pound (wholesale), equating to roughly $175 to $325/pound overall.
Dried CBD flower refers to the bud and trichome portions of the hemp plant, which are removed from the stalks and stems. Dried flower is smokeable and sold alone or in pre-rolled joints. Dried CBD flower commands a higher price point than CBD biomass because it has been cut, trimmed and is ready to sell.
The value of industrial seeds more than doubled from May to October 2019, according to Hemp Benchmarks. In October, hemp seeds were selling for $5.59 per pound. However, since October, the price has steadily declined to $4.57 per pound as of the January report.
The most popular CBD products from Joy Organics are their flavored CBD oils, which include flavors like Tranquil Mint, Orange Bliss, and Summer Lemon. You can also customize your dosage between 30mg to 75mg per serving.
Receptra claims to use natural and organic ingredients in each product. Their flavoring options include natural lavender, limonene, passionflower, lime, ginger, and many other natural ingredients. In addition, they claim to third-party test all of their products and offer a certificate of analysis reports on all their products, so you know exactly what you’re getting with whatever product you decide to purchase.
#2 – Populum
Hemp oil and CBD are often used as if they are one in the same. However, they are very different. CBD oil is made from the bud, stems, leaves, and flower of the cannabis plant. Hempseed oil, or hemp oil, is just made from the hemp seeds of the cannabis plant and contains zero THC.
CBD Oil has quickly become one of the most popular supplements over the last few years. Millions of people use CBD oil daily for a wide range of health benefits.