Marijuana growers who flip to hemp whereas CBD extract explodes
SPRINGFIELD, Ore. – An oversupply of legal marijuana lowers pot prices in Oregon, causing some nervous growers to plunge into another strain of cannabis to make ends meet – one that doesn't have a high.
Applications for government licenses to grow hemp – marijuana's underwhelming cousin – have increased more than twenty-fold since 2015. This makes Oregon number 2 behind Colorado among the 19 states with active hemp cultivation. The rapidly developing market is shaped by the rapid demand for hemp extracts called cannabidiol (CBD), which many consider to be health aids.
In its purified, distilled form, CBD oil makes thousands of dollars per kilogram, and farmers can earn more than $ 100,000 to produce hemp plants on one hectare. This distillate can also be converted into a crystallized form or a powder.
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