Some of these factors include:
Of course, these total numbers are just estimates. There are a variety of factors that can impact how much CBD could be extracted from a single hemp plant.
This pound is in the form of crude oil, which can be used on its own or further distilled into a more refined end product. If you have an acre of hemp plants, you could yield up to 1,500 pounds of flower and extract approximately 200lbs of crude CBD oil worth about $300 per kilo, earning you about $27,300 per acre based on current Summer 2020 market pricing.
Factors that Impact CBD Amount
Hemp plants grown to harvest CBD require different planting techniques than hemp plants that are grown for more industrial or manufacturing purposes.
Amount Per Acre
If you’re harvesting hemp plants for the purposes of extracting CBD oil, you will need to grow only female plants, which are the ones that flower. The flower (or bud) of the hemp plant contains the trichomes with the highest amount of CBD, making it the best and easiest way to extract CBD oil from the plant. On average, you can grow about 1,500 hemp plants per acre if you’re growing for CBD oil.
With hemp grown for industrial purposes, you can grow many more plants per acre—around 400,000 plants. These plants can be male varieties since you don’t need the flower to harvest CBD, and the plants grow much taller, allowing for more volume per acre. Hemp plants grown for the purpose of extracting CBD oil require more space, so you can grow fewer plants per acre.
As your business grows and becomes more efficient, you’ll likely be able to increase your production and productivity, as you become more familiar with the machines.
“Samples” or small orders of CBD Isolate sold for upwards of $5 per gram.
Kush.com sees hundreds of wholesale hemp transactions every month from across the United States. This perspective on wholesale hemp & cannabis prices is a useful tool you can use moving into the second half of 2020.
Wholesale CBD Isolate Pricing
No data set is perfect. There are some considerations to take, when looking at the analytics and making your own business decisions.
Hemp infused edibles continue to climb in popularity, but show a large variance in price based on category.
CBD content and quality matters! The lowest recorded price was under $7 per pound while the highest approached $40 per pound.
Like most commodities, volume is a major factor in determining overall market price. According to Hemp Benchmarks’ January, 2020 report, the price of CBD biomass when purchasing up to 25K pounds is about $1.31 per % CBD per pound. By contrast when volume increases to 100K pounds, 1M pounds, or 1M+ pounds the price subsequently drops to $1.14, $1.01, and In this post –.55 respectively.
CBD isolates are the purest CBD products available to the market, produced by extracting all of plant components including, terpenes, flavonoids, and cannabinoids. CBD isolates come in granular or powder form and have no taste or fragrance. The final product contains 0% THC and is made up of 96%+ CBD.
Dried CBD flower refers to the bud and trichome portions of the hemp plant, which are removed from the stalks and stems. Dried flower is smokeable and sold alone or in pre-rolled joints. Dried CBD flower commands a higher price point than CBD biomass because it has been cut, trimmed and is ready to sell.
While wholesale prices are dropping across nearly all hemp products–from raw biomass, to flower, to isolates, and distillates–not all hemp products are created equal. Moreover the current drop may ultimately level out as the market stabilizes. As a hemp supplier, processor or consumer, it’s important to understand all of the factors that make up hemp and CBD pricing trends so that you can plan for the future.
Aside from CBD and THC, lesser known cannabinoids like CBG (will link to the blog) or CBN are making the biggest difference in price. According to Hemp Benchmarks the price of CBG biomass varies, but generally sells for around $22.42 per % CBG per pound (wholesale), equating to roughly $175 to $325/pound overall.
Biomass refers to the whole hemp plant materials. The vast majority of the market utilizes biomass to produce CBD, which is derived from the leaves and stalks, aka “waste” after the plant’s flowers and seeds has been used — in a wide variety of products and supplements. Prices for biomass are generally dependent on the CBD content per pound, which is measured on a dry weight basis on a standard that requires it be at least 80% dry (according to Hemp Benchmarks ). When CBD biomass is not dry enough, it will result in a decreased wholesale price.
Full spectrum CBD oils are the least refined and warrant the lowest market price at about $1,791 per kilo. THC-free CBD distillates on the other hand, warrant nearly double that price ($3,120) due in part to the expensive processing as well as the market demand. However, refined hemp oil overall has significantly declined from June, 2019 ($5,628) to January, 2020 ($2,528). As a whole, the three categories of refined hemp oil have dropped by 55%.