Hemp flower markets are following The Jacobsen’s forecasted trend, gaining consistently over the period since our June forecast published in late last month. The July forecast for hemp prices will be released next week. We are yet to see significant premiums with certified organic flower, but this channel is underdeveloped, there hasn’t been sufficient certified organic inventory to consistently fuel the supply chain. Quality factors, and uniqueness are key determiners for consumer demand, and “organic” is applied to much of the product on the market. “Raised organically” or “produced without any……” are commonly used in marketing language. We expect the certified organic market to expand some in 2021.

Read full report …