The Flower Market is in full swing as the leading Industrial Hemp Category in many US programs. The extract from the flowers contain Cannabinoids. The dominant Cannabinoid in High CBD Strains is of course CBD, however there are many other cannabinoids that go unnoticed. As the market develops it potentially target more than just CBD, however for now CBD content is how material is graded in potency. Private lab tests are typically used for the grading of samples to determine not only the cannabinoid content but also to test for biologicals, heavy metals, and pesticides. Many large processors will require a minimum of one test for purchase.
The flower market is so new that pricing fluctuates widely. There are also multiple harvest methods, different harvest methods may produce a more desirable for a company and their established market or product development. The current market ranges from $20-$350 per lb. Typically the lowest range of the market $20-30per lb and the material is grown outdoors like tobacco and is “debucked” from the center stalk. The finished material has large fan leaves, and small side shoot stems still attached to flower pieces. The more defoliating to the fan leaves and removal of stems can increase the total cannabinoid content per sample weight and can potentially demand a higher price.
Farmers are encouraged to do their own homework on market pricing. The market varies widely and many people in the industry are not speaking from experience, but more on “grapevine” industry statistics. However with that said there are niche market buyers, such as processors who need to feed their machine to keep staff busy, or a large order that needs supplementing. As the industry is more defined by the federal government and FDA involvement this could potentially change the flower industry. There are arguments for both sides, it could improve if the right change is made, and it could worsen if the wrong rule is enforced. The flower market is currently fueling the industrial hemp movement with product development. Growers should consider diversification in value added processes that could potentially increase the revenue on material, or take the farm product all the way to market with vertical integration strategies.