hempbuzz United States (US) 291 Questions 5 Answers 0 Best Answers 40 Points View Profile 0 hempbuzz Asked: June 28, 20202020-06-28T11:37:11-04:00 2020-06-28T11:37:11-04:00In: Hemp Industry Has the coronavirus impacted the hemp industry? 0 Has the coronavirus impacted the hemp industry? coronavirusHempimpactedIndustry Share Facebook 12 Answers Voted Oldest Recent wordsmith 0 Questions 256 Answers 0 Best Answers 531 Points View Profile wordsmith 2020-07-24T11:02:10-04:00Added an answer on July 24, 2020 at 11:02 am Due to Covid-19, in a blink of an eye, a lot of things have changed. Everyone and everything is affected by this pandemic, even the hemp industry. A very slow movement has been felt and experienced in the industry like the shipping of hemp or CBD products, a lot of unprocessed hemp, and the supply and demand of hemp and its products. There is also a shortage of manpower, supply chain, and market disturbance. 1 Reply Share Share Share on Facebook Share on Twitter Share on LinkedIn Share on WhatsApp Cleverclogs 0 Questions 204 Answers 0 Best Answers 415 Points View Profile Cleverclogs 2020-08-09T16:57:53-04:00Added an answer on August 9, 2020 at 4:57 pm People, the global supply chain, market shifts, and prices; are all significant aspects of the hemp industry that have been impacted by COVID. However, I think it’s safe to say that everyone in every sector has been affected some way, although some have certainly had it better than others! 0 Reply Share Share Share on Facebook Share on Twitter Share on LinkedIn Share on WhatsApp acevedobenitez 0 Questions 182 Answers 0 Best Answers 366 Points View Profile acevedobenitez 2020-08-09T16:57:12-04:00Added an answer on August 9, 2020 at 4:57 pm COVID has effected the whole world in similar ways. Even with farming, shipping, and production jobs considered essential with no shutdown decrees, people are getting sick. With the shutdown regulations, offices and facilities have to work around social distancing guidelines and keep to a reduced workforce or only skeleton crews. Because of this, the hemp industry has been effected like every other. Slow or no production for a month or several months. The business will pick back up; it is just a matter of when right now. 0 Reply Share Share Share on Facebook Share on Twitter Share on LinkedIn Share on WhatsApp HempGuru United States (US) 0 Questions 126 Answers 0 Best Answers 278 Points View Profile HempGuru 2020-08-09T16:56:43-04:00Added an answer on August 9, 2020 at 4:56 pm Yes, unfortunately, the hemp industry was also affected by the coronavirus, just like everyone else. The main problem is that product value chains often extend across several countries now, and no industry can survive on its own. If you take the hemp industry, many manufacturers and retailers depend on products from other countries like China. For instance, machinery and product packaging are often imported to keep the costs low. So, when global trade came to a halt with COVID-19, it naturally affected the hemp industry. 0 Reply Share Share Share on Facebook Share on Twitter Share on LinkedIn Share on WhatsApp MarcLouis 0 Questions 187 Answers 0 Best Answers 376 Points View Profile MarcLouis 2020-08-09T16:53:23-04:00Added an answer on August 9, 2020 at 4:53 pm Yes, much like all other industries, the hemp industry has been heavily impacted by the coronavirus. The majority of inexpensive cannabis products are produced in China, and with the limitations. Shipping from Asia due to the coronavirus, these products have been hard to come by. The impacts of closures affected every business in the world, and hemp companies were amongst those forced to close during the quarantine. 0 Reply Share Share Share on Facebook Share on Twitter Share on LinkedIn Share on WhatsApp Hempmaster3000 0 Questions 214 Answers 0 Best Answers 461 Points View Profile Hempmaster3000 2020-07-18T23:05:13-04:00Added an answer on July 18, 2020 at 11:05 pm Without a doubt, it has, just like every other industry. The farmers were affected, so the buyers were affected, which means it not there for the consumers. The truck drivers, I mean everybody on ever level is, and was effected. Surely this has hurt the industry, but you won’t know how much until this is all over. 0 Reply Share Share Share on Facebook Share on Twitter Share on LinkedIn Share on WhatsApp wavess 0 Questions 234 Answers 0 Best Answers 496 Points View Profile wavess 2020-07-18T21:58:23-04:00Added an answer on July 18, 2020 at 9:58 pm Yes, the coronavirus has impacted the hemp industry. Like most, if not all, industries, the hemp industry has felt the negative impact of COVID-19. 0 Reply Share Share Share on Facebook Share on Twitter Share on LinkedIn Share on WhatsApp Abe Melbourne, Australia 2 Questions 238 Answers 0 Best Answers 559 Points View Profile Abigail 2020-07-16T15:45:56-04:00Added an answer on July 16, 2020 at 3:45 pm Coronavirus pandemic caused the most significant global recession in history. The global stock market fell (the most significant single_week decline since 2008), businesses in the service sector decreased, and to put it briefly, coronavirus has reverberated and shocked the entire global economy. Hemp industry could not have been possibly stayed immuned. Presidents of hemp industries have reported from shortages of employees to the canceling and postponements of cannabis conferences, losses of educational opportunities (which could be super beneficial for this juvenile growing hemp community). Still, the most unfortunate of these consequences probably is the disruption in the supply chain. 0 Reply Share Share Share on Facebook Share on Twitter Share on LinkedIn Share on WhatsApp CrayM 0 Questions 311 Answers 0 Best Answers 655 Points View Profile CrayM 2020-07-16T15:45:26-04:00Added an answer on July 16, 2020 at 3:45 pm Yes, it has, as many industries have been impacted negatively. While hemp prices have been falling in the past couple of years, corona caused a steeper decline. As noted above, CFAP is offering affected farmers that saw a drop of more than 5%. 0 Reply Share Share Share on Facebook Share on Twitter Share on LinkedIn Share on WhatsApp amanda.tolar Waynesburg, United States (US) 0 Questions 313 Answers 0 Best Answers 662 Points View Profile amanda.tolar 2020-07-16T15:45:10-04:00Added an answer on July 16, 2020 at 3:45 pm Unfortunately, we were in the beginning part of the process of getting the remainder of our crop processed for oil; the company we were in talks with all but closed… I think they may have retained upper-management? It’s unfortunate as last season destabilized the market here, anyway. 0 Reply Share Share Share on Facebook Share on Twitter Share on LinkedIn Share on WhatsApp Moogdummy 0 Questions 246 Answers 0 Best Answers 521 Points View Profile Moogdummy 2020-07-16T15:44:50-04:00Added an answer on July 16, 2020 at 3:44 pm According to a poll by the hemp industry daily, more than half of farmers that applied for the SBA loan have not received or heard anything regarding their loans. As the melody described above, there has been a decrease in price. In Colorado, if you sold CBD as a non-primary product, it deemed your business as non-essential, and you were forced to close down. Cause of this, a lot of people have taken to online curbside pickup strategies to get around this. 0 Reply Share Share Share on Facebook Share on Twitter Share on LinkedIn Share on WhatsApp Melody 0 Questions 189 Answers 0 Best Answers 388 Points View Profile Melody 2020-07-12T15:43:41-04:00Added an answer on July 12, 2020 at 3:43 pm The U.S. Hemp Roundtable submitted 23-pages to explain to the USDA that hemp prices have declined during the coronavirus pandemic. Prices have dropped more than just the 5% required for farmers to get the CFAP. CFAP is providing up to $16 billion to farmers affected by corona. 0 Reply Share Share Share on Facebook Share on Twitter Share on LinkedIn Share on WhatsApp Leave an answerCancel replyYou must login to add an answer. Username or email* Password* Captcha* Remember Me! Forgot Password?