Tuesday, January 28, 2020 9:57:47 AM
In My Only opinion most gains lost except those who sold at high the 27th.
About 20% of licensed marijuana companies in California’s capital city face temporary closure
More than a fifth of the cannabis companies in Sacramento, California, are confronting the possibility of at least a temporary suspension of operations on the first day of February.
Don't take my opinion as fact do your own research.
As reported by BNN Bloomberg yesterday, Julie Lerner, the CEO of PanXchange, stated that the hemp biomass hit $40 per pound in July last year. However, she stated that it has fallen to $10 per pound. She said that the CBD consumer market didn’t expand, which caused hemp prices to fall. She thinks that the FDA’s prohibition on hemp extracts in food or dietary supplements is limiting CBD market growth. As reported by BNN Bloomberg, she said, “Every way you slice it, the physical demand for the CBD market is much, much smaller. I’m a little surprised that retail prices have not started to come down yet. There’s so much competition.”
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