Hemp Market Report July 2020
In this month’s discussion with PanXchange, we speak with RJ Hopp, Director of Hemp Markets talks about the natural state of commodities as it relates to the hemp market. He reassures listeners that a summer lull is relatively common in all commodities, and then talks about market expansion opportunities he’s seeing on the rise.
Smokable hemp has had a rough road in many states, but is gaining ground and popularity as more companies are starting to market the products where it is legal. Common across Europe, hemp cigarettes and raw flower are starting to crop up all across the nation and online.
Another interesting development in hemp comes from the extraction and isolation of Delta-8-THC, the other psychoactive form of THC. A number of companies are looking at the potential of this up and coming cannabinoid. Some still question the full legality of the cannabinoid.
Finally, RJ discusses hemp as a feedstock. There are multiple ways hemp producers can take advantage of this potential revenue stream.
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