Since the legalization of hemp through the 2018 Farm Bill, the CBD market has grown immensely. Now, a variety of CBD products are available for purchase and consumer-interest in cannabis is higher than ever. Some experts believe that the market has the potential to reach $20 billion by 2024.
For this reason, there is a vast opportunity for farmers to make a considerable profit in the hemp industry. The demand for hemp seeds and plants has increased greatly, and farmers now have a variety of sources they can go to in order to obtain CBD seeds. But if farmers want to maximize their profits, it’s important that they choose the right vendor and seeds.
As with any other crop, producing high quality hemp plants starts with buying quality seeds. If you intend to use your hemp for CBD, as opposed to fiber, it’s important to choose seeds that are CBD rich and have good genetic characteristics. Better seeds have a better chance of producing plants that can survive high winds, drought, and extreme weather. Furthermore, the gender of your seeds will affect how much CBD can be extracted from your plants.
Hemp plants can be either male or female. However, the female plants are more desirable if you’re using your hemp for CBD. This is because the female plants have a higher volume of cannabinoids. Therefore, you want most, if not all, of your plants to be female.
That’s why it’s important to buy feminized seeds. Seed companies go through a rigorous process to produce feminized seeds. It requires a lot of time and labor. For this reason, feminized hemp seeds are more expensive. But they also result in higher profits for the buyer. Feminized seeds produce female plants, whereas regular seeds will produce about 50% female plants and 50% male.
Furthermore, you want to prevent your female plants from being pollinated. The sole purpose of male plants is to pollinate females. When a male plant pollinates a female plant, the female plant loses about 30% of its total cannabinoid content. If you’re trying to make CBD, then this is not something you want to happen, since it will eat into your profits.
If you grow hemp from feminized seed, you have the ability to make about $16,000 to $24,000 per acre. But if you grow your plants from regular seed, your profits will fall in the $3,000 to $6,000 range. So even though feminized seeds cost more, there’s the potential to produce a higher profit. Of course, labor, additional expenses, and other variables will affect how much you actually profit. (Disclaimer: These are only rough estimates.)
So, as you can see, the seed you buy for your hemp farm matters a great deal. It’s important to do your research and talk to potential vendors before making a purchase.
CBD Seed Co. sells high quality feminized hemp seeds, regular hemp seeds, and hemp clones. Call us today to place an order for your hemp farm.