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Oregon marijuana growers turning to hemp as CBD extract explodes - Cannabis News
A glut of legal marijuana is driving Oregon pot prices to rock-bottom levels, prompting some nervous growers to start pivoting to another type of cannabis to make ends meet — one that doesn’t come with a high.
Applications for state licenses to grow hemp — marijuana’s non-intoxicating cousin — have increased more than twentyfold since 2015, making Oregon No. 2 behind Colorado among the 19 states with active hemp cultivation.
The rapidly evolving market comes amid skyrocketing demand for a hemp-derived extract called cannabidiol, or CBD, seen by many as a health aid.
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Gillian Flaccus ~ Associated Press ~
- Written by Bruce Kennedy - Editor in Chief
- Category: Cannabis News