hemp market

Once bullish on the US hemp-derived CBD market, Canadian cannabis companies like Canopy Growth Corp. (NASDAQ: CGC), Aurora Cannabis Inc. (NASDAQ: ACB), and Cronos Group (NASDAQ: CRON) are now retreating due to oversupply, regulatory ambiguity and the sluggish pace of US federal cannabis...

Spot Market Updates: Throughout the month of June, the spot biomass market traded in the range of $3.75 – $4.70 per percentage point of CBD content (/point). Although the prices associated with spot transactions are rising in our assessed locations (shown below), two interesting trends are...

By William Sumner, Hemp Business Journal Contributor While much has been made about the nascent hemp markets in the United States and Canada, the European market has proven to be enticing on its own: The Hemp Business Journal estimates that by 2020 Europe will see approximately $1.5...

By William Sumner, Hemp Business Journal Contributor Illinois is going all-in on cannabis. In becoming the first state to legislatively enact (rather than pass via ballot measure) both to legalize adult-use cannabis and create a state sales marketplace, Illinois has seen a surge in...

The spot biomass market has seen consolidation between the Colorado, Kentucky and has generally transacted in the range of $3.30 to $4.50 per percentage point of CBD content throughout April. At this point, hemp producers have either sold out of product or are holding positions, expecting prices to...