Markets are constantly changing
CBD has busted onto the scene over the last year, causing prices to skyrocket while the industry struggles to keep up with demand. But over time, prices level out as suppliers can produce the number of goods desired. The downside to this rapid growth of the industry is an oversaturation of the market.
The excitement of legalized hemp and the allure of growing hemp sell has generated a supply of CBD products that has yet met the demand for it. Since hemp has become recognized as a legal agricultural commodity, there has been increased production of hemp, and more hemp has been farmed than is needed for the industry. Consequently, trade prices for hemp biomass have decreased, which can affect the pricing of hemp-based CBD products. Simply put, there are too many CBD products out there currently, and it can be hard for customers to find products that are high quality and from reliable companies.