This is the most exciting news we have to share. Green Equity Group and its partner, AgReal, have acquired futures contracts in Oregon and Montana. As of today, we have locked up 1.5 million pounds of high-grade hemp at a buy price of $3.75/point. Among the various factors that determine the wholesale price of hemp is its CBD content. Testing determines how much CBD a pound of hemp will yield as a percentage.
This percentage is called a “point.” Biomass that yields 3%-5% CBD is considered low-grade material. It takes far more 4-point biomass to produce a kilo of ISO than a 12-point biomass does. As a result, the price per point is lower. Mid to High grade biomass (8%-18% CBD) see an increase in the per point cost.
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