Over recent years, CBD popularity has grown immensely, so does its availability. Most of the people getting into CBD usage start by questioning: How much does CBD oil cost? Well, this is a simple question, though no simple answer.
Have this in mind, CBD products exist in different types, strengths, ingredients, and sizes. All these determine whether you will pay more, less, or the actual price.
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Why do People Pay so Much for CBD?
As a CBD enthusiast, you may have probably perceived that the price of CBD is seemingly high. Hence you are paying more. However, that’s not true. Different CBD types contain varying levels of CBD concentration and other premium ingredients, as you’re aware.
All these factors influence the cost. That means people don’t likely pay more for CBD but pay for brand reputation, quality, and potency. A high price may be justifiable with what the product contains.
Another reason why people pay much for CBD is that it has little to no side effects. People buy CBD to counter pain, inflammation, stress, and anxiety and improve sleep. As a result, CBD may be worth part of a wellness routine.
However, the FDA approved Epidiolex as the only CBD-based drug. That means CBDs like tinctures, creams, edibles, etc., aren’t intended to diagnose or treat any medical condition.
This takes us to the next subsection on why CBD may be more expensive than you think.
Read More: How to Find the Best CBD Product
Factors of CBD Oil Cost
As it is with your expectations, the quality and ingredients of the CBD oil determine its cost. But, what translates to quality CBD oil products? Five key factors: hemp source, potency, type, extraction method, and authenticity from third-party lab tests.
With that, how each factor affects CBD oil price is as discussed below.
The source of the hemp extracts plays a crucial role in determining the price of the CBD products. The source is a mark of quality. Quality CBD oil products come from organic hemp, which’s non-GMO and pesticide-free. As you may think, industrial hemp isn’t cheap to cultivate, reflecting higher CBD oil costs.
Organically grown hemp must conform with Farm Bill regulations, that no more than 0.3% THC. This makes CBD more costly, especially if USDA-certified. The higher the cost of hemp production, the more expensive the CBD pricing, and vice versa.
The CBD strength and potency describes the amount of CBD concentration in the bottle of CBD oil. The more the milligrams of CBD, the more potent the CBD is, and the higher the price. The opposite is true.
Besides, the more potent a CBD product is, the more effective it is. That means a higher potent CBD oil will be more expensive, and you may end up paying more. But this is cost-effective. Because when you evaluate the time you renew your dose with low potent CBD, a stronger potent CBD proves to be saving your money.
Potency determines the type of CBD product, which affects the price as well. For instance, full-spectrum CBD oil may be priced higher than CBD isolate or broad-spectrum, which lacks THC. This emanates from the perception that full-spectrum elicit a more powerful entourage effect than the other types.
CBD exists in different types and forms, with varying amounts of CBD. Every CBD type in the market is a standalone product. Understanding what makes a world of difference would help know why one is priced higher or lower than others.
For instance, full-spectrum containing 100% hemp plant profile may be priced higher than a purified CBD isolate. This results from the perception that a blend of CBD and THC elicits a strong entourage effect. That’s why it may be more effective than the other brands.
Typically, the extraction of premium CBD oils demands expensive technology and equipment. This is to completely isolate microscopic cannabinoids and be able to preserve the product’s potency and bioavailability. The extraction methods include; steam distillation, solvent extraction, and supercritical CO2 extraction.
The CO2 method is the best and environment friendly because it doesn’t leave toxins in the solvent residue. But it’s more expensive. Besides, the CO2 extraction machine costs between $135,000 to $150,000. This means products extracted through CO2 would be more costly than those obtained through alcohol extraction or steam distillation.
Hydrocarbon extraction is considered cheap. However, it endangers both the user and the manufacturer. Again, the products are of low quality.
The cheaper the extraction method, the lower the quality and the less expensive the products.
CBD oil producers who conduct third-party testing do it for several reasons. One, it guarantees the highest-quality product you deserve. This is because the products actually contain the exact ingredients listed on the label.
Second, it ensures full transparency. That means third-party lab reports, haves’ you know the safety of the product you want to put into your body. Besides, you will know whether the claims attached to the product are accurate.
It is costly to conduct the tests in a lab. So, the testing cost elevates CBD pricing. But it’s worth it cause it’s legit proof that reveals the safety of the product, how much CBD concentration is, and if it’s free-from unwanted substances.
Moreover, any brand that doesn’t show a certificate of analysis or lab-tested reports upon request is a sign of lower price, and the product may not be worth it.
That said, the process of lab-testing isn’t cheap, resulting in a more expensive end product.
Read More: How is CBD Made?
Is it Worth the Cost?
As a result, the CBD market seems to confuse the boom hemp oil product and prices to filter through. But, even with that, new users are swarming to CBD due to its potential health benefits. This may justify the pricing tags.
How Much is Too Much for CBD?
Averagely, CBD oil cost ranges from $0.1 to $0.5 per mg of CBD. That means you can pay around $40 to $200 per 500mg bottle of CBD oil. Those above $200 would depend on the type of CBD, premium ingredients, and more. However, others go for as low as $0.07 per mg of CBD, meaning the overall is down to $20. So, it’s essential you carefully read the product’s ingredients.
Read More: Why is CBD So Expensive?
When it comes to buying CBD oil, it may feel incredibly overwhelming due to the array of different products. CBD’s most problematic issue with the varying array is how much CBD oil costs or the average price.
The actual cost of CBD is a variable determined by lots of factors. They include location, size, potency, quality, and manufacturing technologies. Considering all these, you may end up paying more.
To save on CBD:
● buy more effective quality products. With them, you’ll need a little dose which saves for refilling
● take advantage of coupons and discounts
● buy in bulk
● purchase from reputable sources
● join reward programs
CBD Oil Cost FAQs
Why does CBD oil cost so much?
The main reason why CBD oil costs many stems from its myriad of potential health benefits. Additionally, cannabidiol has little to no side effects, hence becoming a revered product. With the increased demand and interest from new users, sellers hype the price.
How much should I expect to pay for CBD oil?
CBD oil prices not only differ with location but also with product variety. CBD oil prices in the UK will be higher than that of the United States. Again, CBD brands exist independently with varying CBD concentrations and intensities, posing a challenge to how much one can expect to pay.
How much is CBD oil?
To know the best price for CBD oil, you need to do a quick calculation. The calculation is all about CBD cost per milligram, a crucial figure for CBD cost. CBD cost per mg ranges between $0.03 to $3.00. Use this metric to compare CBD prices.
Is CBD oil worth the price?
Often, users pay for the brands’ reputation. For an established brand, a high price may be worth it. If the product contains special organic ingredients, unlike its counterparts, then a higher price is worth it. The price may cover rigorous quality testing and high-grade extraction technology.
How much is 1g of CBD?
CBD prices vary with third-party lab testing standards, certification, payment terms, location, quality, and more. That said, the CBD cost per gram averages at $30. Manufacturers using premium ingredients produce exceptional products, pricing them higher.