As China’s Hemp Industry Suffers, U.S. Hemp Growers Prepare to Pounce

As China’s Hemp Industry Suffers, U.S. Hemp Growers Prepare to Pounce

By Jonathan Bench on March 1, 2020 The U.S. hemp market continues to heat up for a variety of reasons, mainly because the general populace is finally starting to understand the difference between cannabis as marijuana and cannabis as hemp (and the benefits of CBD and other cannabinoids derived from cannabis). In this post I’ll discuss why China’s pain can be U.S. hemp producers’ gain. Basic principles of economics dictate that in the U.S. hemp market where demand stays constant (or increases) and supply decreases due to something like a coronavirus in China, the price of that good increases (sometimes substantially), enriching existing…

Excerpt only …
READ MORE BELOW
Source : CANNANNEW REPORT
Link to original : As China’s Hemp Industry Suffers, U.S. Hemp Growers Prepare to Pounce
reposted by Cannabis News World

This site uses Akismet to reduce spam. Learn how your comment data is processed.