Marijuana growers turning to hemp as CBD extract explodes

Marijuana growers turning to hemp as CBD extract explodes

SPRINGFIELD, Ore. (AP) — A glut of appropriate marijuana is driving Oregon pot costs to rock-bottom amounts, prompting some stressed growers to begin pivoting to some other sort of cannabis to help make ends meet one that is does not have a top.

Applications for state licenses to grow hemp — marijuana’s cousin that is non-intoxicating have increased a lot more than twentyfold since 2015, making Oregon number 2 behind Colorado among the list of 19 states with active hemp cultivation. The rapidly evolving market comes amid skyrocketing need for a hemp-derived extract called cannabidiol, or CBD, seen by numerous as being a wellness aid.

With its purified form that is distilled CBD oil commands thousands per kg, and farmers make a lot more than $100,000 an acre growing hemp flowers to make it. That distillate may also be converted into a crystallized form or powder. Read more