The month of February brought minimal price movement in the U.S. wholesale hemp and hemp-derived product markets. Minor price declines were observed for many products, with CBD Isolate experiencing the largest percentage decline, albeit more of a market correction than a significant price shift. Clones used to jumpstart indoor growing operations for THCa, CBD and CBG strains saw the most notable price increase, as consumer demand for more environmentally controlled smokable products continues to increase.
Overall, biomass prices held steady, with the aggregate CBD category the only marker increasing, due exclusively to an increasing number of transactions for higher-priced, low volume trades primarily occurring. Pricing for seed genetics dipped slightly as discounts prevail for buyers procuring large quantities both domestically and internationally. THCa and CBD Clone pricing rose by 5%, while CBG Clone prices increased by 4%, as indoor grown smokable flower products increasingly become the preferred choice of consumers.
Refined hemp products (i.e., distillates and isolates) continue to see prices slowly decline as competition for consumer interest and experimentation results in a myriad of options available in both brick-and-mortar locations and online storefronts. Prices for CBD distillates changed less than 3%, while CBD Isolate declined by 5% per kilo. Most all products included in the FULL REPORT had their low-end price points drop, as suppliers increasingly promote heavy discounts based on transaction volumes.
Prices for Delta-10 THC Distillate fell for the third month in a row, shedding 1.6% per kilo, as Delta-8 THC Distillate prices also declined, by 1.2% per kilo, yet remain 10% above the average price from February 2025.
Smokable hemp flower grown for CBD declined by 1.6% per pound this month. Indoor grown flower prices inched up $4 per pound, yet a decline in top dollar and total volume for indoor flower pushed the national aggregate price down for the fourth straight month. After a rare price decline last month, the aggregate THCa smokable flower category rebounded by 4.2% per pound in February. Indoor grown THCa flower may have only registered a 0.8% price increase, but the percentage of transactions for products grown in warehouses increased, pushing the aggregate price up despite greenhouse grown THCa flower prices falling by 6.8%.
A major shift in the cost to transport hemp and hemp-derived products is taking effect, with average rates down 30% – 60% for most major shipping lanes heading into March. As many central and eastern lanes recover from dramatic winter storms, many transporters are heavily competing on price to return vehicles to their preferred geographic regions. This is a welcome change for producers with national distribution networks.
