By 420 Intel on Tuesday, 29 March 2022
Category: Business News - 420 Intel

What happened to hemp? High interest a few years ago declines statewide

Ag expo offers ray of hope for crop’s future in Southwest Colorado

The wave of hemp popularity has come crashing down, but there is still potential to catch a smaller wave, according to a presentation last week at the Four States Agricultural Exposition.

“In 2019, when I gave the hemp talk here, this room was packed; now, there are just a few,” Abdel Berrada, a hemp researcher with Mesa Verde Ag Solutions, said Friday.

“What a difference a few years makes. A lot of growers went out of business.”

He said the hemp boom in Colorado turned to bust for many reasons, including inexperienced farmers hoping for a quick profit, a steep learning curve, a high supply that drove down the price and insufficient processing infrastructure.

Original link
Original author: Cannabis News

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