Synthetic Cannabinoids Manufacturers?

This month, we want to touch on a topic that’s been circling the news quite a bit; how yeast may become the method in which cannabinoids are produced. You probably saw the headline “Vancouver biotech company produces CBG from yeast”, but this isn’t the first company to have successfully produced cannabinoids using a micro-organism such as yeast.10 Chronos Group, as well as several other companies like InMed Pharmaceuticals and CBYeast, have been working on successfully commercializing this technology for quite some time.

A Gmo Feast For Cannabinoid Yeast

The way the technology works is by providing sugar to yeast, and like brewing beer, the yeast uses the sugar to create the target cannabinoid. The difference between this technology and brewing beer is that, in this case, the yeast has been genetically engineered to create a specific cannabinoid. This is done by providing the yeast with a “blueprint”, or genetic code, of the cannabis plant enzymes that are needed to create the target cannabinoid. Even if this technology is successfully commercialized, it will be interesting to see how the consumer market reacts to a “GMO” cannabinoid and if it can economically compete with the traditional production methods.

The main area we believe this technology will be valuable to be the pharmaceutical sector, as it could be easier to obtain a minor cannabinoid such as CBC or CBN through synthetic methods rather than standard agricultural practices. Only time will tell how disruptive this technology will be in space. The important part to remember with synthetic cannabinoids manufacturers is working with a synthetic cannabinoid expert.

As always, please reach out if you have any feedback or there are specific topics you would like us to elaborate on in the future.

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Wholesale Hemp Genetics Pricing

INDUSTRIAL SEEDS CBD CLONES
     $1.78
$3.95 CBG SEEDS
     $0.87
CBD SEEDS (FEMINIZED)
     $0.68
CBG CLONES
$2.31
WHOLESALE HEMP

Note:
The color represents the percent drop in price from the previous month.
The dollar amount refers to the price of the product in $ / unit.

CBD seed prices

Throughout the month, there was a decrease in industrial seed and CBD seed prices, potentially signaling the tail end of purchases for this summer’s harvest. CBG genetics continue to be a popular topic with most circles, showing month over month growth with clones up 4% and seeds up 10%. The product category that’s proving to be the most explosive is nonfeminized seeds, which is typically left out of the discussion with unit quantities of pounds vs units or individual seeds. The nonfeminized CBD genetics market is up 25% month over month with more farmers looking to save money on genetics.

Wholesale Hemp Biomass Pricing

CBG Biomass
     (A GG RE G ATE)
CBD BIOMASS
     (AGGREGATE)
CBD BIOMASS
     (25K – 100K LBS.)
$0.94 $0.47 $0.40
CBG Biomass
     (0 – 25K    LBS.)
CBD   BIOMASS
     (100K – 1M LBS.)
CBD BIOMASS
     (1M+ LBS.)
$0.66 $0.31 $0.20
WHOLESALE HEMP

Note:
The color represents the percent drop in price from the previous month. The dollar amount refers to the
price of product in $ / % CBD or CBG / lbs.

Manufactures continue to finish extracting the 2019 crop, and this is evident when you look at biomass prices. The biomass market prices, however, continue to remain stable with only slight decreases in prices observed. Biomass pricing of orders of 25k-100k saw the largest price decrease which was $0.06 or 13%. If your facility has storage capacity, we continue to advise our clients to be selective with biomass acquisitions and connect with farmers that are planning on being in the industry for the foreseeable future.

Wholesale Hemp Derivative Pricing

CBG ISOLATE
     $1,656
REFINED HEMP OIL
     (AGGREGATE)
DISTILLATE
     (BROAD SPECTRUM)
DISTILLATE
(THC FREE)
$994 $828
$1,348 CBD ISOLATE CRUDE HEMP
     Oil
CBG DISTILLATE $547
DISTILLATE
(FULL SPECTRUM)
$1,336 $543 $260
WHOLESALE HEMP

Note:
The color represents the percent drop in price from the previous month.
The dollar amount refers to the price of the product in $ / unit.

Crude oil prices saw a huge rebound from their previous low in January with a 26% price increase. Currently, we’re seeing prices around $260 / kg for crude oil, which is a welcome relief for manufacturers across the board. CBG distillate prices remain stable at ~$1300 / kg, but volume orders remain the limiting factor in the emerging CBG market. Delta-8 prices saw another steep decrease, with our network reporting Delta-8 distillate prices around $800 / kg. Lastly, CBD isolate manufacturers continued to convert inventory at record levels.

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Each month we spend hours analyzing market research, data trends and private conservations to will keep you in front of the ever-evolving cannabinoid industry. Read the entire June Report here

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The article below is an excerpt from the Monthly Playbook.

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