State of the 2020 CBD Market
Cbd is still fairly a new and scarce commodity, but it’s availability is rising.
In 2015, supply couldn’t keep up with demand causing prices of up to $14k+ per Kg of CBD isolate and distillate. This pricing remained until the production of industrial hemp was nationally accepted and began to be produced throughout the country starting around 2018.
As of 2020 the market has been flooded with hemp producers nationwide selling wholesale. A boom in hemp agriculture has brought the price to hover around $1200 per Kg of CBD isolate/distillate. The market is on track to bring that pricing down to as low as $700 per Kg by 2021 EOY.