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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 cannabis is driving Oregon cooking cooking pot costs to rock-bottom levels, prompting some stressed growers to start out pivoting to some other style of cannabis which will make ends meet — one which does not have a top.

Applications for state licenses to cultivate hemp — marijuana’s non-intoxicating cousin — have increased a lot more than twentyfold since 2015, making Oregon No. 2 behind Colorado among the list of 19 states with active hemp cultivation. The market that is rapidly evolving amid skyrocketing interest in a hemp-derived extract called cannabidiol, or CBD, seen by many people as being a wellness aid.

With its purified form that is distilled CBD oil commands 1000s of dollars per kg, and farmers could make significantly more than $100,000 an acre growing hemp flowers to create it. That distillate may also be changed into a crystallized type or powder.

“Word regarding the street is everyone thinks hemp’s the gold that is new,” Jerrad McCord stated, whom grows marijuana in southern Oregon and simply added 12 acres (5 hectares) of hemp. Continue reading “Marijuana growers turning to hemp as CBD extract explodes”

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