The following is a summary of the contents available within in the FULL REPORT for July 2024.
For the FULL REPORT, including price assessments, history and analysis, visit the subscription page.
July hemp and hemp-derived product pricing demonstrated several main observations: large volume CBD biomass transactions reduced in number of observed trades and at lower average prices than last month; CBD smokable flower prices continue to climb; CBD crude oil remains at equilibrium pricing; and CBG Distillate and Isolate continue their pricing resurgence in 2024.
All volume categories of CBD Biomass above 25,000 pounds saw a minor decline in average pricing while deals less than 25,000 pounds remained even this month. CBG Biomass pricing also declined.
In the genetics categories, CBD and CBG Clones saw increases of 8% and 15%, respectively, this month. Feminized CBD and CBG Seeds both had a 2% price decrease.
Crude CBD Hemp Oil continues to be amongst the most stable product categories. Over the previous 12 months, the spread between the high and low price assessments has been $17.
Smokable CBD Flower has had the largest movement of any product category, climbing 54% since July 2023. A major focus on indoor and mixed-light production of flower has resulted in the massive change. Prices for THCa Flower continue to reap benefits for producers, with all grow type categories seeing price increases this month.
The Refined Hemp Oil (Aggregate) category increased 3% this month, driven by increased price assessments for both THC Free Distillate and Broad Spectrum Distillate. CBG Distillate and CBG Isolate both demonstrated strong price performance this month, increasing 5% and 3%, respectively. CBG Distillate is now $3 above the 12-month average price per kilogram. CBG Isolate continues to outperform expectations, with prices rising 16% since this time last year.
THCv Isolate and CBC Isolate both experienced large declines in pricing this month, with the former losing 3.1%. Despite noticeable demand for CBC Isolate, the price caved this month, decreasing 7% from last month.
For the FULL REPORT, including price assessments, history and analysis, visit the subscription page.
