Whether you’re stocking CBD products for your business or want to purchase hemp extract for personal use, CBD oil cost plays a significant role in the decision-making process. Unfortunately, CBD prices are all over the map, which makes choosing the right product difficult. CBD oil price is influenced by several factors How much does CBD oil cost? Why are some brands more expensive than others, and where’s the line between a premium product and a rip off? Read on to find out! Are you sure you’re not overpaying for CBD oils? Check out our CBD oil cost comparison with all the factors that affect the price of high-quality products.
How Much Does CBD Oil Cost?
Whether you’re stocking CBD products for your business or want to purchase hemp extract for personal use, CBD oil cost plays a significant role in the decision-making process. Unfortunately, CBD prices are all over the map, which makes choosing the right product difficult. CBD oil price is influenced by several factors, including manufacturing, added ingredients and labor. Let’s discuss how much is CBD oil and compare cannabis oil prices to help you make the right decision for your personal or business needs.
How Much Does CBD Oil Cost?
If you’ve done a bit of research, you’ve probably noticed that CBD prices aren’t exactly consistent. They can fluctuate wildly from company to company, even when milligram (mg) for milligram they seem to be selling the exact same product.
There might be circumstances to explain this discrepancy. The company can be using high-absorption CBD or a proprietary blend to provide targeted relief. Another explanation could be greedy manufacturers hoping to exploit consumer naivety.
Before you research the unique features that might be jacking up CBD prices, you should have a baseline understanding of determining CBD oil cost in a visible, measurable way. You need to figure out cannabis oil prices down to the milligram.
How to Figure Out CBD Cost Per Milligram
Determining the price of CBD comes down to the number of milligrams of CBD you’re purchasing. When you buy CBD products for personal use, knowing the cost per milligram gives you the information necessary to figure out the price per serving.
As for business owners, knowing the price per milligram can help you figure out more complex equations, such as the CBD oil price per pound or CBD oil price per kilo.
On average, the CBD oil cost per milligram across the industry is around $0.05/milligram (low end) and $0.25/milligram (high end). You can determine how much is CBD oil with a simple mathematical equation.
The equation for determining CBD prices per milligram is:
Total CBD Oil Price / Total Milligrams = Cost per Milligram
For instance, Joy Organics’ 1000mg CBD Oil Tinctures sell for $99.95. That makes the CBD oil price around $0.10/mg. There are 15mg of CBD in one serving of these tinctures. Therefore, your CBD oil price per serving is $1.50.
How Much Is CBD Oil in Joy Organics’ Products?
Joy Organics’ premium 0.0% THC hemp extract is available in a wide variety of products that allow people to use CBD to support their healthy lifestyle in numerous ways. Each product is crafted with carefully selected ingredients that influence cannabis oil prices.
One of the most important aspects of vetting a new brand for personal use or finding a wholesale partner is to gauge your potential partner’s transparency. We are proud of the proprietary formula we’ve cultivated to make the highest bioavailable CBD products on the market. That’s why we work hard to make our CBD prices affordable for everyone.
Joy Organics CBD Oil Price Chart
In the spirit of transparency, here is our CBD oil price comparison between products. We included the cost per serving where applicable.
Items like CBD topicals are applied liberally. Therefore, it’s almost impossible to gauge a personal serving size of CBD.
If you’re interested in figuring out how much CBD oil is costing you in your personal topical purchases, take note of how many servings you used.
- Total mg in Product / # Servings Used = mg/Serving
- Your mg/Serving x Cost/mg Above = Your Cost/Serving
Using the CBD oil price chart above, you can figure out your personal CBD oil cost for customized servings.
How Much is CBD Oil Price Per Pound?
Figuring out CBD oil price per kilo or pound depends on how much you want to order and the products that work best for your business. Typically, savings on CBD oil prices when buying in bulk range between 50% to 60% off.
What Influences CBD Oil Price?
As you may have noted, CBD oil cost fluctuates depending on the product. Some of these factors are due to the amount of CBD in each product. Other factors include the added ingredients in items. Here are some considerations we take into account when determining our CBD prices.
Hemp will grow pretty much anywhere, and until very recently it was still prohibited to grow in the U.S. Because of this, many hemp CBD products available today come from hemp plants grown overseas (typically Europe and China). The problem with this is that hemp absorbs whatever is present in the soil it’s cultivated in, a process known as phytoremediation. In fact, hemp is so adept at removing toxins from soil that it was planted around the Chernobyl nuclear disaster site to do just that.
Quality, state-of-the-art, sustainable hemp farming is key for high-quality CBD products. At Joy Organics, for example, every product we create goes through a process that begins with hemp grown in nutrient-rich soil using natural growing practices without pesticides or harsh chemicals. Not only does this enhance the quality of our product, but it also ensures that our products are safer than those you might find elsewhere.
Extracting premium hemp extract requires expensive equipment. We must be able to isolate microscopic cannabinoids and preserve them so that they remain potent and bioavailable.
Our experts use CO2 extraction to maintain the integrity of as many phytocannabinoids and terpenes as possible. Then, we remove any traces of THC from the formula.
During this process, we also use nanoemulsion technology to make the smallest CBD particles on the market. While costly, this measure ensures the highest bioavailability of CBD in the market.
The effectiveness of Joy Organics’ products and our low CBD oil price per pound is what makes us an excellent supplier for people looking to start a white label program. We offer dropshipping for small SKU orders and low minimums. Plus, our fulfillment program allows us to keep an inventory for your online shop without having to hold onto the stock yourself!
Third-Party Lab Test Results
Companies that offer third-party testing do so for a few reasons. For one, it ensures that you, the consumer, are getting the high-quality product you deserve. For another, it offers complete transparency. With readily-available third-party lab results, you know the company is offering what they claim.
It costs money to test products in an independent lab. Until CBD is regulated and you know what you’re getting each and every time you purchase CBD, the cost of third-party testing is going to be passed on to the consumer.
We’re proud to say we offer third-party lab results on each and every batch of CBD we use to create our products. You’ll find them easily accessible next to each item in our catalog.
Another factor is the ingredients. For instance, Joy Organics’ CBD Softgels are cheaper than Joy Organics’ CBD Softgels with Curcumin or Joy Organics’ CBD Softgels with Melatonin . That’s because we must make up for the cost of the added ingredients.
Who Has the Best Cannabis Oil Prices?
There are so many factors that go into determining CBD oil cost. If you’re looking for a fast-acting, highly bioavailable CBD product at an affordable price, try Joy Organics’ CBD Tinctures . Our premium tinctures come in Natural, Tranquil Mint, Orange Bliss, and Summer Lemon.
You can’t go wrong with $0.10/mg cost per bottle. Joy Organics’ CBD Tinctures are an affordable way to try out CBD and experience the difference firsthand!
If you’re a business owner looking for the best CBD oil price per pound, consider joining our wholesale program. We have partnered with trusted CBD manufacturers to create our line of premium products. Now, we’re excited to share this success with you.
Reach out to our team of specialists to discuss our wholesale program today. We will assign you an expert to help you successfully build your brand from the ground up. Our CBD oil price comparison to other brands is extremely competitive.
Not only are our products more affordable in terms of CBD oil price per kilo, but they’re more effective. Our dedication to high-quality CBD products will foster consumer dedication to your brand.
Thanks for reading! To show how much we appreciate you, we’re going to give you 16% off your next order. Just use code READER16 at checkout!
Hannah Smith is Joy Organics Director of Communications. She is driven by her passion for providing clear and accessible wellness and CBD education. In 2015, she received her BA in Media, Culture and the Arts from The King’s College in New York City and before Joy Organics, worked as writer and photographer in the Middle East and North Africa. Her work has been featured on Forbes, Vice, Vox, Denver Post, and the Coloradoan.
How Much Does CBD Oil Cost? (CBD Prices Breakdown)
CBD products can be expensive, but there are at least a few reasons for that.
Before we get into details, know one thing: cheap CBD oil is a bad oxymoron. If anyone ever promises to bring relief from every health concern for a bargain price, you’re on the right way to throwing your hard-earned money down the drain.
The pricing of CBD oil isn’t as obvious as some people think. It’s the manufacturer’s liability to take care of the product’s quality because no federal agency has ever regulated the production standards and labeling requirements of hemp-derived CBD.
Although the market is booming and more professionals are entering the scene, the CBD industry is still wild, wild west.
How much your CBD oil will cost relies on several factors, such as the farming practices, extraction method, potency, and the brand’s reputation to name a few.
The price of CBD products can range anywhere between $9.88 and $400. There are different concentrations, formulas, and sizes to consider.
CBD is the latest trend in the health supplement industry, which also impacts the prices.
In this article, we break down the specific costs of CBD oil and show you how to save money on premium products.
CBD Oil Quality: Why Is It So Important?
CBD is a relatively new market that lacks regulation when it comes to production standards and the labeling of CBD products. So far, only one CBD-based drug was approved by the FDA (Epidiolex), refusing to acknowledge hemp-derived CBD as a medicine.
As a result, hemp CBD oil has been thrown in the same bucket as other health supplements. This means that CBD companies can get very liberal in making claims about their products, selling CBD oils that contain little to no CBD. Sometimes, these products may also contain potentially dangerous chemicals such as solvents, pesticides, or mycotoxins.
In 2018, for example, the Center for Disease Control reported 52 cases of poisoning in Utah, which were caused by incorrectly labeled products.
These were products known as “cheap CBD oil.”
As we said, there is no such thing as “cheap CBD oil.
Below we explain the costs involved in making CBD extracts.
Why Are Some CBD Oils More Expensive Than Others?
The process of making CBD oil is very expensive. All production stages, from farming to extraction and third-party testing, require specialist knowledge and expensive equipment, which translates to a higher price tag than you see on the majority of supplements sold over-the-counter.
A high-quality CBD product can have amazing effects on your daily life, but if the company is using low-quality ingredients and cheap extraction methods, you may be putting yourself at risk.
The manufacturer needs to ensure the top quality of hemp for its extracts, use safe extraction technology, and hire qualified professionals that will be able to work on the equipment — not to mention investing in third-party lab tests to confirm the potency and purity of the products.
There’s a lot of resources involved in the process, both time- and money-wise.
But how do you calculate the price of CBD oil to tell if it offers the right value for the money?
On one hand, there are companies claiming to sell premium CBD on the cheap, which is unreal. But on the other hand, lots of companies overprice the value of their product trying to sell “cutting-edge” CBD.
There must be a way to figure out where the honest guys are in the middle of this.
Let’s take a look at how to assess the affordability of CBD oils.
How Much Does CBD Oil Cost?
There’s a simple calculation you can make to determine the cost of CBD oil, and compare it with products from other brands to decide whether the price is too low, too high, or competitive.
What you need to calculate is the cost per milligram of CBD. This figure plays the most important role when it comes to deciding whether or not the product is affordable. You can forget about the formula, size, extra ingredients, and different forms of consumption.
All it matters is how much CBD you’re getting for the money.
CBD can cost between $0.04 and $3.00 per mg. You can narrow down that range when comparing different brands and products by using that metric.
Below we discuss the factors that influence the price of CBD products.
Read on to understand why some CBD oils are more expensive than others.
Factors that Determine the Cost of CBD Oil
The overall cost of CBD oil is influenced by the quality of the ingredients.
Here’s what makes a quality CBD product;
- The hemp source
- Extraction method
- Third-party testing
- The product’s formula
Premium CBD oils are usually priced higher than regular market value because there are rigorous quality procedures involved in the production. But on the other hand, when you purchase from premium brands, you can count on bulk pricing, reward programs, discounts, and coupon codes to save money on their products.
In the end, you’ll pay the same amount of money, or even less, than for seemingly less expensive brands.
Let’s briefly cover the factors that affect the cost of CBD oil.
The source of hemp used for making CBD oil is one of the major factors affecting the quality of the final product. The best CBD oils are sourced from organic, non-GMO, and pesticide-free plants. Using organic farming practices and growing hemp without pesticides or growth boosters is more expensive than mass production, and the prices usually reflect that.
If the company adds other organic ingredients to its formula, the price will likely go even higher.
Fortunately, hemp is now more popular than ever in the U.S., so using American crops becomes less expensive than importing hemp from Europe as most brands would do just a few years ago. As the hemp market continues to grow, the average market price of high-quality CBD products will get lower — it’s inevitable.
CBD can be extracted using a variety of methods, from natural solvent extraction to hydrocarbons, steam distillation, and CO2 extraction.
CO2 extraction is by far the best method to achieve consistently high levels of CBD without using additional heat or toxic solvents. This makes CO2-extracted products more expensive than those made with alcohol, olive oil, or butane. The equipment required to perform CO2 extraction can cost between $135,000 and $150,000, so if a company uses this method, it’s a sign they are committed to quality.
The cheapest extraction method calls for using hydrocarbon solvents. However, these can cause explosions when handled improperly or leave behind a toxic solvent residue in the end product. This is the type of extraction you should steer clear of.
The potency of CBD refers to the total amount of CBD inside the bottle, measured in milligrams. The more potent your CBD oil, the more effective it may be in tackling your symptoms. High-potency oils are also good for people who weigh more or those who know their effective dosage and would like to stock themselves with CBD for several months.
Stronger CBD oils are usually more expensive, but brands often cut down on the price per mg of CBD. This means that buying a product with more milligrams of CBD can be more affordable in the long run, especially if lower-potency oils require you to renew your supplies every few weeks.
Any trustworthy CBD company should send its products to independent laboratories for content analysis. These labs will verify the potency of CBD and look for potentially dangerous chemicals in the oil. The cost of testing oils in third-party labs typically increases the price, but it’s the only way to tell how much CBD is in your oil and whether or not it contains any unwanted substances.
Brands should make Certificates of Analysis for their products public, or at least make them available on request.
Other Costs of CBD Oil: What Else Can Raise the Price Tag?
The brand’s reputation is also a common factor impacting the cost of CBD oil. When you choose to purchase from a premium company with a pristine reputation, you may need to pay a bit more for its products. However, top-of-the-line brands provide organic ingredients, reward programs, special subscription deals, and more. They also use sustainable extraction technologies, employ rigorous quality testing, and offer customer service that can help you select the right products and answer your questions about CBD.
Last but not least, how much your CBD oil cost will vary depending on where you buy it from. Some people prefer to look for CBD oil somewhere near them. If you live in a place where cannabis is legal, you can head to the nearest dispensary, which is no doubt a convenient way to get quality CBD products. But since hemp-derived CBD oil is federally legal, you can find it in vape stores, pharmacies, or head shops, too.
However, products sold locally are usually more expensive than those you can order online due to the costs associated with running a physical storefront. When you purchase online directly from a brand, you significantly less than you would for the same-quality product in-store.
How Much Does CBD Oil Cost?
High-quality sublingual drops cost between $0.09 and $0.17 on average. The low end is $0.05, whereas some oils can cost upwards of $0.20 per mg. Usually, stronger oils will be less expensive per mg than low-strength products.
How Much Do CBD Capsules Cost?
CBD pills and capsules can contain anywhere from 10 mg to 50 mg CBD. The higher the potency, and the more capsules in the bottle, the lower the price per mg, even though the overall cost is higher. The average price per mg of CBD when it comes to CBD capsules is $0.09 – $0.13 per mg. The product can cost as low as $0.04 per mg and as high as $0.20.
How Much Do CBD Topicals Cost?
CBD topicals can take many forms, including salves, gels, creams, and lotions. These products are typically designed to help with localized discomfort. The cost of CBD topicals ranges between $0.07 and $0.10 per mg on the low end and upwards of $0.30 on the high end. On average, CBD topicals cost around $0.12 – $0.19 per mg. CBD topicals are available in various sizes, from 1 oz to 4 oz containers, and can contain up to 1000 mg of CBD per container.
How Much Do CBD Gummies Cost?
CBD gummies are similar to capsules in terms of pricing. They also cover a similar potency range, from 10 mg to 50 mg of CBD per gummy, with prices varying between $0.09 and $0.020 per mg of CBD. Gummies usually come in 30-count bottles, although some companies sell their gummy bears in 60-count or 120-count containers. You can also find brands that offer sample-size packs, with 5 gummies per pack.
Tips for Saving Money on Quality CBD Oil
- Order CBD oil online
- Purchase in bulk
- Subscribe to newsletter
- Join reward programs
- Use coupon codes and seasonal discounts
Costs of CBD Oil: Let’s Wrap Them Up
The process of making CBD oil isn’t cheap, so it would be naive to expect companies to sell high-quality products at a loss. If you see a company that claims to sell premium CBD oils on the cheap, it’s an instant red flag. There are many companies churning out low-quality mislabeled products just to prey on uneducated customers and the lack of regulation.
But does that mean you always have to go big-spender? Are there no affordable CBD products online or near you?
Of course, they are — you just need to know where to look for them.
Make sure that the company you’re going to purchase from uses organically-grown, non-GMO hemp. If the brand uses CO2 extraction to produce CBD oils, it’s all the better because this method doesn’t require additional heat or solvents. Finally, always ask for third-party lab reports. This is the only way to ensure that your product contains the advertised amount of CBD and is free from potentially dangerous additives.
Of course, premium brands price their products a little bit higher than the market standard, but there’s a lot of options to save money on their oils, such as the aforementioned reward programs, discounts, and bulk pricing.
If you want a risk-free way to try different products, look for companies that offer some form of a money-back guarantee. It’s also a sign that the company is confident about its products.
Do you think CBD oil is too expensive? Let us know what you think about the future trend in its pricing?
Livvy is a registered nurse (RN) and board-certified nurse midwife (CNM) in the state of New Jersey. After giving birth to her newborn daughter, Livvy stepped down from her full-time position at the Children’s Hospital of New Jersey. This gave her the opportunity to spend more time writing articles on all topics related to pregnancy and prenatal care.
How Much Does CBD Oil Cost? 7 Factors Affect Price
The cost of CBD oil is influenced by several factors.
Despite the growing popularity of hemp and the maturity of the CBD market, the prices have hardly gone down — and nothing seems to change anytime soon.
When you calculate the production cost of CBD products, including organic farming, clean extraction methods, and third-party testing, it becomes clear that CBD oils can’t be cheap.
Of course, there are a lot of high-quality products that you can buy without spending an arm and a leg, but the word “cheap” and “CBD oil” just don’t go well together in one sentence.
A 1 ounce (30 ml) bottle of CBD oil may cost anywhere from $30 to more than $200, leaving many people wondering why, on earth, would anyone pay so much for a plant-based extract?
As we said, there are a lot of factors involved.
In this article, we break down the cost of CBD oils and other hemp-derived products. We’ll also share a few tips on how to get your hands on high-quality CBD oil without overpaying for it.
How Much Does CBD Oil Cost?
The best CBD products can cost between $0.02 and $0.2 per mg CBD on average.
The larger the volume, and the higher the potency, the more you’ll need to pay for CBD oil. However, the initial cost will pay you off over time, as higher strengths and bigger bottles are more affordable in the long run.
CBD prices are mostly determined by the source of hemp, method of production, and overall levels of potency. The better brands use non-GMO, organically grown hemp that is free of pesticides and other contaminants. Quality control is another essential factor. Reputable manufacturers test every batch of their products in third-party laboratories for potency and purity. The more advanced testing is employed, the higher the cost of CBD oil.
You may be tempted to buy CBD at gas stations, smoke shops, or in online marketplaces, but it’s not the best idea because such products are usually mislabelled; some of them contain hemp seed oil instead of CBD oil, whereas others may contain higher levels of THC than 0.3%, which may be illegal where you live on top of getting you high.
The price of CBD can also vary based on the type of product.
Here’s how much you’ll pay for CBD depending on the form you’re using.
The Cost of CBD Oil
The cost of CBD oil can range between $0.04–$0.20 per mg of CBD. On average, the higher quality CBD oils generally cost around $0.13 per mg.
The Cost of CBD Vape Juice
High-quality CBD vape oils generally start at $0.07 up to $0.20 per milligram of CBD. Premium products are priced a bit higher, typically around $0.10 per mg.
The Cost of CBD Topicals
CBD creams are made for localized skin problems and discomfort relief. They are far from cost-efficient, as they offer much lower bioavailability than tinctures and vapes. CBD topicals typically cost around $0.20–$.0.30 per mg of CBD. The average cost of premium CBD creams is around $0.25 per mg.
The Cost of CBD Capsules
Similar to CBD oil, capsules are priced at around $0.10 per mg of CBD, with premium brands coming at around $0.13.
Factors that Affect CBD Prices
CBD oil is a pricier wellness supplement, but there are many factors that contribute to its overall costs. Many quality control and manufacturing measures go into creating a reliable CBD product that other dietary supplements can skip. Some factors affecting the cost of CBD oil include:
The best CBD companies use organic hemp as the source of their CBD extracts. Hemp plants are dynamic bioaccumulators; in a more human-like language, it means they easily absorb every substance from the environment they grow in — both the good and the bad ones. Organic farming helps ensure the high purity of the sourcing material, making it also richer in CBD and other active compounds.
CBD can be extracted using different methods, from hydrocarbon solvents to alcohol and CO2. Hydrocarbon solvents are the cheapest but they are also the most difficult to purge from the final product. If purified improperly, these toxic residual solvents will interact with your body. Alcohol extraction is better but it doesn’t provide the highest cost-efficiency. CO2, in turn, is the industry’s standard because it can efficiently pull the beneficial compounds from the plant without introducing high temperatures and aggressive solvents. However, the equipment and employers required to run this type of extraction are expensive, which translates into a higher final price of CBD oil.
There are three types of CBD extracts: full-spectrum, broad-spectrum, and isolates.
Full-spectrum CBD is the closest to the original plant. It contains all cannabinoids and terpenes naturally occurring in hemp, including trace amounts of THC (0.3% or less). These products are considered superior to other forms due to higher efficacy and more predictive dosing. This makes them more expensive than broad-spectrum CBD and isolates.
Broad-spectrum CBD is much like the full-spectrum version — but without any THC.
CBD isolate is exactly what it sounds like — pure, isolated cannabidiol. This is the cheapest form of CBD out there. However, it is considered less beneficial than full-spectrum and broad-spectrum CBD due to the lack of synergy from other hemp compounds.
While products with higher concentrations of CBD are more expensive, they also come with better value. That’s because they provide a lower cost per mg of CBD. It’s like with anything you buy in bulk to save money; a stronger CBD oil will give you more CBD and will last longer than a less potent product.
Some CBD products may contain premium ingredients, such as USDA-certified organic MCT oil, organic honey, or natural flavorings — all of which can increase the price of the product. If you’re shopping for CBD oil with a goal to find a truly organic product, the extra cost may be worth it.
Third-party testing is a must for all hemp-derived products. A certificate of analysis (COA) from a laboratory that has no affiliation with the manufacturer provides unbiased and trustworthy results. These laboratories test CBD oils for potency, overall cannabinoid, and terpene profiles, and look for common contaminants like pesticides, heavy metals, fungi, and residual solvents. In-depth testing can cost more, which also increases the price of the end product — but it also provides better evidence of quality, safety, and transparency of the company.
This is perhaps the most obvious factor affecting the cost of CBD oil. Discounts and coupon codes lower the overall cost of an order. You can usually find them online on special occasions. Some companies offer discounts for signing up for their newsletter, while others have special reward programs for returning customers.
Why Do People Pay So Much for CBD Oil?
The main reason why people want to pay a higher price for CBD products is the wide range of CBD’s potential health benefits. People buy CBD products to help with stress, physical discomfort, poor sleep, concentration, and a general sense of balance and well-being. It’s a versatile health supplement that can enhance your wellness along with a balanced diet and active lifestyle.
CBD rarely produces any negative side effects, which can be completely avoided by proper dosage and responsible use. It’s also important to note that while many people include CBD oil in their wellness routine, hemp-derived CBD products aren’t regulated by the FDA and thus are not intended to treat, diagnose, or prevent any disease. If you have a serious medical condition or take prescription medications, it’s best to consult with your doctor before buying CBD oil.
How to Tell If Your CBD Is Worth the Cost
Companies can say what they want (literally), but there’s one surefire method to determine whether or not you’re overpaying for CBD.
You can calculate the cost per milligram of CBD — it’s very simple.
Calculating the Price per mg of CBD
If you want to calculate the price per mg of CBD, you’ll need to take into account two variables: the total potency of CBD (in milligrams), and the price. Then you just divide the price by the amount of CBD in milligrams to determine the price per milligram.The number of milligrams on the label indicates the total amount of CBD in your product.
Price ÷ total mg CBD = price per mg
Example: $109 ÷ 1200 mg = $0.09 per mg
So if a bottle of CBD oil costs $109 and contains 1200 mg of CBD (in a 30-mL bottle), it means you’re paying roughly $0.09 per mg of CBD, which is a very reasonable price.
Keep in mind that CBD oil has a higher bioavailability than capsules or edibles. This means that even if you’re paying the same price per mg, your body is actually going to get more benefits from that dose.
How to Get the Best Deals on CBD
Now that we’ve established an easy way of assessing the affordability of CBD oils, it’s easier to compare prices. If you’re looking for the best prices for premium CBD oils, be sure to look for coupon codes online. They are available on different forums, social media groups, expert blogs, and third-party cannabis websites.
Here are a few handy tips:
- Look at the price per mg, rather than bottle size, when comparing the cost of CBD oils
- The more CBD you buy at a time, the longer it will last, and the more CBD per mg it will provide.
- Vaping has the highest bioavailability and is the most cost-effective consumption method.
- CBD oils are the second-best in terms of bioavailability.
Will CBD Prices Come Down in the Future?
Industry experts estimate that the price of CBD oil will come down in the future, but not for the next few years.
The major driver behind the cost is the regulatory environment we’re living in, which has limited the number of products manufacturers can do.
It also takes time and lots of financial resources to build out the infrastructure required for making high-quality CBD oil. In many places, hemp was kept illegal until the 2018 Farm Bill, so some states simply have fewer farms than others. This, in turn, introduces a disproportion in the number of hemp producers.
Not to mention that testing regulations are often much stricter for CBD and cannabis in general than for other herbal supplements or oils.
So, while the prices of CBD oil will definitely go down as the market matures and the competition continues to grow, CBD products will never be as cheap as any off-the-shelf pharmaceutical or herbal supplements. There are simply too many factors involved in the cost of CBD oil for the dream to become reality.
How much should CBD oil cost in your opinion? Share your thoughts below in the comment section!