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Marijuana growers turning to hemp as CBD extract explodes

Marijuana growers turning to hemp as CBD extract explodes

SPRINGFIELD, Ore. (AP) — A glut of appropriate marijuana is driving Oregon cooking pot costs to rock-bottom amounts, prompting some nervous growers to begin pivoting to some other kind of cannabis which will make ends meet — one that does not include a top.

Applications for state licenses to cultivate hemp — marijuana’s non-intoxicating relative — have increased a lot more than twentyfold since 2015, making Oregon # 2 behind Colorado on the list of 19 states with active hemp cultivation. The quickly evolving market comes amid skyrocketing need for a hemp-derived extract called cannabidiol, or CBD, seen by many people being a wellness help. Read More