- Cannabis cultivation plagued by legal peril and price volatility
- Demand for non-psychotropic cannabinoids is growing rapidly
- GHG hemp cultivation projects now underway in the U.S. and Canada
In California, Oregon, and Washington State, cannabis farmers (growing mainly for THC content) are now suffering from the unwelcome truth in economics – prices of almost everything seesaw perennially. In the case of cannabis, wholesale prices have entered a freefall, motivating farmers to cultivate hemp for CBD extraction in place of cannabis. As a result, Global Hemp Group, Inc. (CSE: GHG) (FRANKFURT: GHG) (OTC: GBHPF) and Marijuana Company of America (OTC: MCOA) are teaming up to grow CBD-rich hemp in Oregon. Demand for CBD and other cannabinoids is increasing as their application in health-enhancing products gains steam.
The oversupply problem is particularly acute in Oregon. Three years after the legalization of recreational marijuana, the state is buried under a mountain of weed. In February, Oregon State records showed 1.1 million pounds of…
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