400 Years Later Tulipmania All Over Again...With CBD
CBD isolate went from €100.000 per kilo to less than €1000 per kilo, really?
In the 1600s, the term "Tulipmania" was coined in the Dutch flower market.
The Dutch tulip price exploded because of a dramatic increase in demand and the dreams of high profits in the 1630s. As a result, many opportunists attempted to enter this new lucrative market.
The market collapsed two years later as a result of overproduction and a short-lived market trend. Many people's fortunes were made during this time, and others lost.
The same has been observed in the CBD market over the last six years. #CBDisolate, which once cost €100.000 per kilo, is now available for less than €1000 per kilo
Dreams of inflated profit margins fuelled a surge in the cultivation of hemp and, later, CBD-rich cannabis flowers. This resulted in what is now referred to as the Green Rush. Many people jumped on the cannabis cultivation bandwagon in the hopes of making a fortune in an unregulated market. This resulted in overproduction and, later, an overflow of products. As mentioned, the reference to Tulipmania.
The CBD industry's development has been slowed by the numerous regulatory issues it has encountered. With many challenges ahead, some of the most significant is, for example, in Europe, the debate over whether CBD is a novel food, whereas, in the United States, it is the federal status of Cannabis.
What the future holds, no one knows precisely. One thing is sure: with the regulation and taxation, a more standardized industry will emerge.
What other industry guidelines will it follow: alcohol or medicine? What do you think?
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