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.
As the DEA battles the hemp industry over its latest proposed rule, processors discuss how extraction works and how the rule could impact their operations. https://www.hempgrower.com/article/hemp-extraction-explained-intermediary-waste-dea-hia/
Seismic advancements have dominated the CBD market over the past decade with some of the industry’s largest brands seeing double- or triple-digit year-over-year growth. Although constant growth has been the watchword of this past decade, constant change now defines it. And there’s plenty of that ahead in 2021.