Now that the 2020 season has come to an end, farmers in Maryland will hopefully have already found buyers for their hemp biomass. Having buyers lined up before your harvest helps ensure a stress-free process and is often ideal since hemp can’t be stored in silos like other cash crops. When it comes to selling your hemp biomass, there are actually numerous options available to you. For farmers growing CBD seed in Maryland, here are some tips for finding buyers.
How to Sell CBD Hemp Biomass In Maryland
- Hire a hemp broker: This is one of the easiest ways to sell hemp biomass. You’ll want to do your research in finding a high-quality one that’s knowledgeable about the industry and has a lot of connections. Hemp brokers will connect you to potential buyers in exchange for a commission. This commission is typically around 10% but rates always vary. For first time farmers with limited to no connections, hemp brokers can be an ideal option. However, working with the wrong one can drastically impact your profits.
- Sell directly to buyers: If you’d rather skip the middle man and keep all the profits, selling directly to buyers is also an option. You may find a processor or extractor interested in buying your biomass. Make sure to review any contracts before signing if you work directly with a buyer. It’s always a good idea to find buyers beforehand– this can help you determine what strains to grow as well.
- Find a profit-sharing agreement: Profit shares are great for farmers that don’t have the startup collateral. This agreement works by having a buyer cover upfront costs and recoups these expenses through profits. Having a partner to Profit share agreements can be tough for beginner farmers to find since buyers often work with established farmers with a great track record.
Work With Maryland’s Trusted CBD Seed Supplier
CBD Seed Co. is honored to be the trusted CBD seed supplier serving the state of Maryland. Our team is always happy to help you find different opportunities for selling your biomass. We always recommend seeking out buyers before you plant your first seed. Preselling your biomass is always the best option. For more information regarding tips for selling hemp biomass, please contact us!