Progressing Toward a New Year
Kellen Finney, Eighth Revolution
As we head into the final month of the year, the cannabinoid industry continues to move forward. Progressive conversation from both sides of the aisle in Washington, paired with strong reports from the public cannabinoid industry spurs optimism going into 2022. Several farmers we spoke with said they believe the oversupply of CBD biomass from 2019 has come to an end which could explain the stability in CBD biomass prices after this year’s harvest. Wholesale prices of CBG and CBD continue to trend towards each other resulting in CBG becoming more available to consumers. California grew three times the amount of cannabis this year, compared to the amount that was consumed last year, leading to the state’s first major supply and demand compression. These growing pains foster innovation and maturation of the industry as a whole.
Are You Ready for 2022?
Bryan Fields, Eighth Revolution
As 2021 winds down and companies close out the last month of the year, it’s easy to push planning of objectives and initiatives into the new calendar year. Now is the best time to start with preparing objectives and goals. Now is the best time to ink the deal with the partner you’ve been conversing with. This industry moves quickly and starting now will help you kick off 2022 on the right foot.
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