For many American farmers, the legalization of hemp was a godsend. Hemp-derived cannabidiol or CBD has experienced great demand due to its potent medicinal properties, and that has driven up the demand for hemp. Just a year after the 2018 Farm Bill legalized industrial hemp and its extracts, the hemp sector was worth millions in sales. It provided a great opportunity for farmers looking to move from crops like wheat and soybeans to something more profitable.
However, the oversupply of hemp for CBD has caused prices to drop, and farmers still interested in hemp have started looking to minor cannabinoids to boost their income streams. Hemp produces over 100 cannabinoids, CBD and THC being the most…
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