Hemp Supply Surplus May Be Imminent
The hemp industry was bound to grow and grow quickly, given the decades of pent-up demand from federal controls. Now hemp, marijuana's non-stoner sibling, is legal to grow.
And Oregon alone is now growing something like 50,000 acres of the stuff, mostly for the CBD oil it contains. Hemp industry analysts--they DO exist--say the price is likely to crash because of overproduction.
Kristen Nichols is the editor of Hemp Industry Daily. Chase Nobles is co-founder and co-CEO of Kush.com.They give us a sketch of the business and its likely trends in the near future.