Oregon Hemp Farmers Pivot to Medical Use

Hemp farmers in Oregon are getting more interested in the potential medical uses of their crops instead of the traditional industrial ones.

The Oregon Department of Agriculture is poised to begin reissuing licenses for hemp growers in the state next month. As potential licensees begin to line up for permits, the discussion over what use that hemp will be put to is at the forefront.

The answer for many is now CBD and medicine instead of products like clothing and textiles, according to the Ashland Daily Tidings.

One big reason is that there’s a “huge difference in profitability” between CBD and traditional hemp uses, according to one state official.

That offsets what farmers see as a significant investment to farming hemp, because “CBD is worth a hell of a lot of money,” one farmer told the paper.

Quality CBD oil, whether from hemp or marijuana, can command a price of up to $50 a gram for 80% CBD oil, the farmer said. That could equate to big profits for hemp farmers.

3 comments on “Oregon Hemp Farmers Pivot to Medical Use
  1. Pam on

    Hay Farmers in Oregon need to include hemp/cannabis into their crop rotation. Their traditional crop, alfalfa, is a 5-15 year legume. The long living alfalfa plant will love what hemp adds to the soil.

    Reply
  2. Blank Reg on

    Of course, most of the farmers do not grasp what it takes to actually extract and purify the oil in order to sell it. Plus they’ve probably never been in that market before. So people who do know these things, have large amounts of capital sewn up in the equipment needed to do it, and have established wholesale distribution channels, will demand top dollar from the farmers for their efforts, and rightfully so. Few Oregon hemp farmers are going to be able to do this on their own, and therefore should be prepared to give up a significant portion of their revenue to the processing pros, or else leave it all on the table. It is irresponsible for certain industry promoters to dangle big sugarplums in front of the hemp licensees, without advising them of the downside costs.

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