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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.

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The Jefferson Exchange is Jefferson Public Radio's daily news program focused on issues, people and events across Southern Oregon and Northern California. Angela Decker is the program's senior producer, Charlie Zimmermann is the assistant producer, and Geoffrey Riley hosts the show.