Welcome to August of 2022, where we still do not have clear guidance on the federal acceptance of most cannabinoids. Regardless, the industry continues to push forward subject to similar global economic forces as the other industries. The CBD industry continues its trend of looking for the bottom, with historically low prices being reported by Hemp Benchmarks for CBD biomass. Minor cannabinoids continue to be a buzzword and hot commodity, especially in states with limited to no adult use THC market. The conversion of CBD to Delta 8 and 10 THC has spread rapidly, more recently though it is the conversion of CBD to Delta 9 THC that will blend the two industries. Only time will tell how this cat-and-mouse game plays out between new minor cannabinoids and the regulations surrounding them.
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