SPRINGFIELD, Ore. (AP) — A glut of appropriate cannabis is driving Oregon pot costs to rock-bottom amounts, prompting some stressed growers to begin pivoting to some other types of cannabis in order to make ends meet one that is does not have a higher.
Applications for state licenses to cultivate hemp — marijuana’s non-intoxicating relative — have increased more than twentyfold since 2015, making Oregon No. 2 behind Colorado on the list of 19 states with active hemp cultivation. The quickly evolving market comes amid skyrocketing interest in a hemp-derived extract called cannabidiol, or CBD, seen by numerous as being a health help.
In its purified distilled form, CBD oil commands 1000s of dollars per kilogram, and farmers will make significantly more than $100,000 an acre growing hemp flowers to make it. That distillate can be changed into a form that is crystallized powder.
“Word from the road is marajana oil everyone believes hemp’s the brand new silver rush,” Jerrad McCord stated, who grows cannabis in southern Oregon and simply included 12 acres (5 hectares) of hemp. Continue reading “Marijuana growers turning to hemp as CBD extract explodes”