How to Sell Hemp in a Diverse Market
Posted by Tom's Tumbler on Aug 10th 2022
The hemp industry is growing like a weed, pardon the pun. The market potential for this crop is huge, and more and more people are looking to get into hemp farming as an investment, and you may wonder what you can do to stand out. You’ve grown and harvested your flower, so what’s next? There are many ways to make money from hemp, and one of them is sure to speak to the talents of your farm.
Extract and Sell Your Biomass
Anyone asking how to sell hemp should know about biomass. Selling biomass is one of the quickest and simplest ways to make money from hemp. With biomass, you don't need to deal with any extraction processes; all you need is to wait through the growth cycle of 90-120 days, and then harvest, dry, and sell your biomass for cash.
Biomass has one of the cheapest price per pound rates you can get when selling bud, so making your system efficient will be key to your profitability. You’ll want to make sure you have a plan in place for what to do with your biomass once it's harvested. This includes having the right equipment to dry it and store it properly.
If you’re interested in making money from hemp, you also need to find a buyer before you even plant your first seed. This way, you know you have a market for your product and can plan accordingly.
There's little room for error with biomass, so you want to make sure your farm is performing at peak states to make money from selling biomass.
Winterized oil is dissolved extract that is frozen for separation. This extract can be sold for a higher dollar per pound than straight-up biomass so you'll have a larger profit to work with.
The real trick is riding the balance between CBD and THC percentages. Legally, you can't grow hemp that has more than 0.3% THC but you still want to get the highest percentage of CBD possible. This means regulating your harvest to make sure you reap at the right time with the right genetic strains.
In the end, this effort to make money from hemp may be worth it to you, because your profits will be much higher than simply selling biomass.
Process Distillates and Isolates
Another aspect you may consider when wondering how to sell hemp is investing in distillates and isolates. They are the cream of the crop when it comes to hemp growing, as these extracts are used in products that are direct-to-consumer. This means that manufacturers are more likely to pay top dollar because they won’t have to take any extra steps to prepare the product for sale.
Distillates and isolates are immediately usable in various hemp-based products. This is how gummies, tinctures, vapes, and other similar products are made. The amount of effort to produce these products consistently is well worth the investment.
Make Smokeable Flower
If you’re wondering how to sell hemp, selling the bud itself has likely crossed your mind. The biggest upside to selling smokable hemp flower is that the entire operation can be done straight from your farm. You won’t need to partner with manufacturers who will take your hemp and produce different products; the flower itself is the product. That leaves you with all the profits, without having to cut in a middle man.
Selling smokable flower is a simpler way to make money from hemp than selling extracts because there aren't as many steps in the process. All you need to do is grow, harvest, dry, and trim the product, and you are set to sell directly to dispensaries or other businesses.
Hemp for Fiber and Culinary Use
First-time hemp farmers can easily start making a profit on their crop by selling it as hemp fiber for industrial and culinary use. Before the plant became popular, how growers used to sell hemp was mostly as fibers to create clothing, rope, and other industrial products. This is still a viable use of the plant today.
When growing hemp for this use you don't even have to worry about whether the plant is male or female. The different sexes will still produce the same durable hemp crop. This method is a great stepping stone to immediately start making money off your harvest while still leaving room to take advantage of other methods in the future.
Making Money As A Hemp Grower
So, still wondering how to sell hemp? There are plenty of ways to make money as a hemp grower. The key is to start planning and preparing early on so you can avoid any issues later down the road. By having a buyer lined up before you even plant your first seed, you can ensure that you'll have a market for your product.