Welcome to March everyone where our attention has shifted from the coronavirus to eastern Europe. The cannabinoid industry continues its push forward regardless of the world around us, with the Emerald Conference just wrapping up down in San Diego. As more states have legalized cannabis either recreationally or medically, the quality and quantity of scientific investigation into the cannabis plant have helped advance the industry.
The hemp industry continued to see wholesale prices for biomass stabilize with some even posting gains, suggesting that the industry will enjoy a stronger 2022. The widespread adoption of CBD products is gaining in popularity as more and more box stores are carrying CBD products. This fact, along with specific brands generating awareness in both cannabis and hemp could lead to a significant increase in demand moving forward.
Kellen Finney, Eighth Revolution
Editors’ Note: This is an excerpt from our Monthly Playbook. If you would like to read the full monthly playbook and join the thousands of others you can sign up below.
