The legal cannabis industry is still taking shape and evolving. In many ways, the industry is figuring itself out as it goes. And that leaves the door open for people to enter the space and do all sorts of creative or unexpected things.
One of the most recent examples of this is a cannabis auction taking place this weekend in New York City. The event, billed as The Cannabis Auction Exchange, will focus exclusively on selling CBD strains and products.
A Groundbreaking Cannabis Event
The CBD-oriented event will take place December 7 at the Aloft Hotel at New York City’s LaGuardia Airport. Prior to the event, people interested in attending and bidding on products can register online at the auction’s official website.
Attendees can also register at the door, beginning at 8:00 a.m. The auction is scheduled to begin around 10:00 a.m. and organizers expect it to go until roughly 5:00 p.m.
The auction will bring together hemp farmers from around the country and put them in front of potential buyers. Auction organizers expect to see massive quantities of product being sold at the event.
Estimates on what types and amounts of product will be available include:
- Nearly 20,000 pounds of CBD flower.
- 100,000-pound blocks of CBD biomass for use in making CBD extracts.
- CBD isolates sold by the kilogram.
- CBD distillates sold by the liter.
- And vast amounts of other CBD products such as pre-rolled CBD joints, CBD oils, and much more.
Event organizers are promoting the event as a groundbreaking new idea in the cannabis space. Specifically, the auction format opens the door to all sorts of involvement and participation.