I’m a licensed manufacturer in SoCal and recently completed a large cannabis derived CBD isolate split contract… all tracked and traced on METRC… my only question now is; how much is this stuff worth? I’ve been hearing the hemp derived prices going as low as $900 - However the supply on the cannabis side has to be significantly less, right? Any insight on the market for cannabis derived isolate?
Hemp sourced, MJ sourced, synthesized with brewers yeast…it’s all the same molecule and prices are the equilibrium of supply and demand for that molecule.
I am in Texas with METRC Hemp CBD products. You can sell Hemp products to Licensed Cannabis businesses (correct me if wrong I did in the past OLCC). CBD made from cannabis won’t fetch a higher price but may be harder to sell due to saying it was cannabis (hot) originally. Your outlet may only be L2L and fetching less.
Not true. In California, only cannabis derived products can be sold in dispensaries. So any brand or product that has CBD in it, HAS to come from a METRC-sourced cannabis plant.
While they are the same molecule, the markets are separate. Compliant recreational brands sold in dispensaries CAN’T source isolate from hemp, it all must be cannabis derived, hence the supply shortage.
California, where you have seshes weekly, pop up dispensaries, has strict rules on CBD in their licensed dispensaries? I mean ffs they just legalized gifting.
Idk man, pretty sure licensed cannabis farms also make some cbd strains and get them in METRC.
I can’t see that making more than 1100 especially to a taxed business.
As has been said previously, I believe it would be worth less in general unless you find dispensaries that have to have cannabis derived. Colorado is now allowing hemp derived in dispensaries. Some certifications will not allow CBD manufacturers, like us, to use anything cannabis derived.
In Oregon you can sell hemp derived but it needs to be from an OLCC licenced facility that is required to follow all the same laws as the cannabis side.
I can’t see licensed dispensaries competing with CBD when the smoke shop down the street has a better price and same labs…
Good luck to whoever pays that in 2020 for CBD. Not trying to be negative, Canada pays those prices for cbd imported properly. That’s good money if you can get it.
The rec shops that sell CBD products in CA are much more expensive per MG than most anything hemp derived, even if it has the same ratios. Like charging $120 for a 900MG papa and Barkley CBD tincture. The shops sell it as you can only trust them because they are the regulated ones
100mg Cannabis derived soft gel is $7.40 for rx.
100mg Hemp derived is $4.50 for consumer.
If that ratio holds through the bullwhip then we could estimate 1kg of Cannabis CBD Iso to be valued at 165% of the hemp derived Iso price + some novelty factor.