A rare cannabinoid that mimics the effects of delta-9 THC but can easily be produced from CBD is grabbing headlines and delivering impressive profits to extractors battling slumping prices for other hemp extracts.
Market saturation for CBD hemp affected Minnesota farmers in 2019, but they adapted by shifting toward grain, fiber and CBG in 2020. https://www.hempgrower.com/article/what-is-cbd-future-in-hemp-cultivation/
No part of the global economy has escaped the COVID-19 pandemic, which has claimed more than 2.5 million lives around the world and sickened countless more. But few industries were in the kind of infancy the hemp industry was in when the World Health Organization declared the virus a global pandemic on March 11, 2020.
While 2020 undoubtedly delivered unprecedented challenges to the new industry, it has also brought a bright spot for surviving companies. https://www.hempgrower.com/article/how-cbd-companies-fared-covid-19-pandemic-2020-hemp-trends/