Report: Hemp Prices Plunging Due to Oversupply, Limited Demand

The marijuana industry's recent oversupply problems have been well documented, and now, it seems that the hemp segment of the market is experiencing similar challenges.

A report published Monday by BNN Bloomberg details a sharp plunge in prices for hemp in the second half of 2019. According to data compiled by PanXchange (a commodities exchange that specializes in the plant), in December, the midpoint spot price per percentage point of cannabidiol (CBD) content per pound for Kentucky hemp was $0.95. As recently as July, that figure was $4.35.

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Source Fool.com