Cannabidiol twice cheaper in a year

The adoption of the Farming Act in the United States in December 2018, which legalized technical hemp at the federal level, had a significant impact on the cannabis industry. Due to the increase in the area under crops, a sharp drop in the price of cannabidiol is observed.

A kilogram of CBD costs $ 4,133

In the period from October 2018 to August 2019, the price of pure CBD decreased by 56% (from 9,740 to 4,133 dollars per kilogram). Experts attribute the negative trend to the development of hemp breeding in the United States. According to a Hemp Gazette report, this year the area of ​​hemp farmland increased by 455% and reached 206,390 hectares. In practice, however, cannabis was only sown on 93,000 hectares.

Kush.com portal director Chase Nobles predicts a collapse in the cost of cannabinoids in the global market due to an increase in the number of cannabis growing and processing enterprises. If all American farmers who have received a license for plant cultivation plant cannabis, then the cultivated area will almost double (compared to the current figure), which will lead to a significant increase in the volume of production of raw materials.

The situation in the American hemp market will affect the European industry

According to experts, this year the volume of cannabidiol products in the United States will reach 4,700 tons, which is eight times higher than the demand. Therefore, economists predict a decrease in the cost of raw materials and, as a result, a five-fold drop in the yield of cannabis cultivation (from $ 50,000 to $ 10,000 from 0.4 hectares of crops). An oversupply of products in the US market will have a domino effect on the European industry. Between August 2018 and August 2019, the average cost of CBD in Europe almost halved, completely reflecting the dynamics of changes in the price of cannabinoid in the United States.

Technavio conducted a study of the global cannabis market and concluded that a price war broke out between large enterprises in the industry. The reason for this phenomenon was an increase in the difference between supply and demand. The head of one of the European hemp companies said that they have to reduce the cost of CBD every month due to an oversupply of products. Now the price of cannabidiol is in free fall, and experts can not determine to what point cannabinoids will fall in price.

Top 3 technology innovations for hemp consumers

Several technology companies have developed innovative products designed to simplify the process of smoking marijuana and processing raw materials. Our editors compiled the top 3 new products that have attracted the attention of the community due to their ease of use and efficiency.

OTTO chopper and rolling machine

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Banana Brothers Launches OTTO Marijuana Grinding and Cigarette Filling Machine The device has two distinctive features:

  • OTTO grinds all varieties of cannabis for no more than 20 seconds;
  • The grinding process is controlled by software based on artificial intelligence, which controls the pressure, direction and speed of rotation of the knives.

In a glass flask located inside the device, you can insert an empty cigarette, tube or vaporizer. In this case, chopped marijuana will immediately fall into the smoking accessory. Manufacturers claim that the device always get the perfect self-roll. The eBay OTTO website costs from 7,077 to 11,516 rubles.

Vaporizer PAX 3

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PAX 3 is a hybrid vaporizer that is suitable for both concentrates and marijuana. In the new version of the device, a special adapter for concentrates was added, which is inserted inside the device next to the marijuana camera. One charge is enough for 8-10 uses.

The main distinguishing feature of PAX 3 from its competitors is that it can be connected to the PAX Mobile mobile application via Bluetooth. The program allows you to fully control the process of soaring, setting the required temperature. The application has over 60 predefined settings optimized for specific cannabis strains.

PAX 3 is sold on the Vaporizer Shop website for 23 500 rubles with free shipping. The company gives an acrylic chopper as a gift. The warranty on the device is 10 years.

Decarboxylation Ardent Nova Lift Decarboxylator

Nova holds up to 28 grams of marijuana and from 142 to 170 grams of kif. The device is equipped with two sensors that monitor the temperature in the inner chamber. The device performs decarboxylation of cannabis in automatic mode and ensures that the raw materials do not burn. The process takes an hour and a half on average. After the cycle is completed, the green light on the device lights up.

Nova can be purchased on eBay for 15,759 rubles (plus 3,419 rubles for delivery to Russia). The device costs $ 220 on the Ardent website.

Why does hemp need to be decarboxylated?

In a decarboxylation, a chemical reaction occurs – decarboxylation, as a result of which the chemical properties of the plant product change. Fresh hemp raw materials contain tetrahydrocannabinol and cannabidiol acids, which are precursors of THC and CBD. During heating, the acids lose the carboxyl group of COOH and turn into cannabinoids, therefore the psychoactive characteristics of marijuana and keep increase.