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Demand for CBD still outstrips supply despite production expansion, hemp grower says |
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Demand for CBD still outstrips supply despite production expansion, hemp grower says
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Darrell Miller | 01/19/17 |
Date:
January 19, 2017 10:59 AM
Author: Darrell Miller
(support@vitanetonline.com)
Subject: Demand for CBD still outstrips supply despite production expansion, hemp grower says
Industrial hemp is an industry that is apparently booming both in supply and demand. A grower based company in Kentucky reported that about two million dollars was paid to growers for the 2016 crop. But despite this, the demand for industrial hemp still far exceeds the supply, according to an officer from the company.
Key Takeaways:
- The supply of industrial hemp is ramping up quickly, as a company formed by growers in Kentucky reported $2 million in payments to farmers for the 2016 crop. But demand for CBD still far outstrips supply, a company officer said.
- The company, called Atalo Holdings Inc. a diversified industrial hemp research and production company in Winchester, KY., announced the payouts to their growers’ group yesterday. The company’s officers are all also growers themselves.
- Atalo claims to be one of the largest hemp companies operating in the US. For the 2016 growing year, the company has 58 growers enlisted in the program with 2,466 acres approved for hemp production.
"Potential efficacy of the cannabinoids, which have been researched for a variety of benefits including as analgesics and in seizure amelioration"
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