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Oregon Marijuana Growers Turning to Hemp as CBD Extract Explodes

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Oregon Marijuana Growers Turning to Hemp as CBD Extract Explodes

By Gillian Flaccus | June 18, 2018

 

 

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.....

 

 

 

 

https://www.insurancejournal.com/news/west/2018/06/18/492545.htm


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