Colorado market for what its worth
I’m sitting on more crude than I have outlets to sell at the moment, almost 300 kgs, all of which was cold ethanol extracted and has been decarbed, most of which has COA’s showing CBD over 60%
Have had a few different people/companies approach me wanting to buy crude on an agreement to be paid ~45 days after the fact, with them doing the processing from crude into distillate and Tfree from there. Reading the agreements they have, they basically don’t give a set value to the crude, but an “estimated/perceived value” and the contract doesn’t really hold the tfree processor to any specific timeframe, just some generic phrases about “acting in the best interests of the client”. I also note that at least one of them wants crude that “conforms to federal guidelines” and includes a statement about being under .3% THC, which tells me that whoever wrote the agreement is a moron who doesn’t understand how extracting concentrates the things it pulls out of the biomass.
Curious if any other extraction labs on here have had experience good, bad or otherwise with these sorts of agreements. I’ve heard some rumblings about how the Tfree market is not as big as many claim, just that it’s being chased because it’s currently fetching higher $/kg prices than distillate or isolate.
I also have concern about the competency of the people doing this, I understand not wanting to have a ton of $$$ tied up in input products in the even of the tfree market dropping like we’ve seen happen to crude, distillate and isolate in the last year, but I also have some skepticism because I haven’t worked with any of these labs and have no idea the experience or competency of the people doing distillation, I know a competent WFE operator can get 65-70% first pass yields from the crude my lab puts out, but the way these contracts are written if the distillation yields are 40% there’s no recourse for the business who put the crude up in the first place