Many medical marijuana and CBD isolate consumers prefer an edible such as a gummy to receive their dose of cannabinoids. Photo by: Gina Coleman/Weedmaps
“If you’re a large farm, that’s a lot of testing,” Flannery said. “I know some groups who are spending in the seven-figure range on testing on an annual basis.”
Flannery noted that “cannabis tends to be a little more resinous, so the entourage effect and ensemble effect that you would be able to achieve [by] including some of those other cannabinoids is more profound. But if you’re just consuming an isolate product, it does not matter [which plant] it comes from.”
However, for most brands Weedmaps looked at, 5 cents seemed to be the low end, while the majority cost between 10 to 15 cents per mg of CBD and rarely exceeded 20 cents per mg.
Instead of hemp-derived vs. marijuana-derived, it might be more relevant to compare whole-plant CBD, which can be full-spectrum or broad-spectrum, with isolate CBD. The latter results from refining the CBD compound into its pure form, minus other cannabinoid compounds such as terpenes, which provide flavors, aromas, or enhanced physiological or cerebral effects.
Beyond the legal landscape, there are many other factors that impact the average cost of CBD oil and other CBD products. Flannery noted it takes time to put together the capital expenditures and build out the infrastructure needed to produce CBD. A new hemp farm requires a minimum of two months to produce any crop, and in many places, the 2018 Farm Bill marked the first time it was legal. Plus, testing regulations are often much stricter when it comes to CBD oil and cannabis than to other similar herbal supplements or oils. Additionally, the quality of plants being grown, extraction methods, and other factors related to the production process all play a role in the average cost-per-milligram of CBD by the time the final product makes it to retail shelves.
Some companies might do all the production work in-house, but many CBD companies use a larger manufacturer for production. The CBD companies then must market and ship their products. Stem said this can cost around $25,000 to launch, plus a per-unit cost between $2.50 and $12.50.
Not every customer is the same, and this especially holds true when customers are shopping for CBD oil. There are three main types of oils with differing cannabinoid and terpenes contents. Read below to understand the differences of each type.
If you’re looking for cheap CBD oil without sacrificing quality, then you need to purchase from a hemp or CBD wholesaler. Industrial Hemp Farms now sells CBD oil for as little as Broad spectrum is similar to regular CBD oil in the fact that it contains no THC. Although the THC content is removed, other elements of the hemp plant are included. These include trace elements of other cannabinoids and terpenes. Users prefer broad-spectrum when they want the other cannabinoids and terpenes from the hemp plant with the exemption of THC..01 per milligram. This is 7-30 times cheaper than other online vendors.
Regular CBD Oil
Current estimates suggest average oils retail for between We are proud to carry regular, broad and full-spectrum CBD oil available in various strengths and flavors. Our hemp oil strengths go all the way from 1000 mg to 10,000 mg per 30 ml bottle. Browse our selection below..07 – Shop for the best CBD oil for sale online. Here at Industrial Hemp Farms, we carry the best-priced CBD oil. You will pay a fraction of the price when compared to other vendors both on and offline..14 per milligram of CBD. Premium products, however, could retail for way more than that. Believe it or not, many high-end oils sell for between Despite the wide assortment of CBD products now available, oils and tinctures remain the most sought-after. Due to this incredibly high demand, average retail prices of hemp oil have skyrocketed in recent years..20 – Regular CBD oil is also known as THC-free CBD oil. This is because this type of oil is created by adding CBD isolate to a carrier oil. With this type of product, the user gets pure CBD with no other added cannabinoids or terpenes. Regular CBD oil is generally cheaper than broad and full-spectrum oils..30 per milligram.
Full spectrum CBD oil contains traces of THC, cannabinoids and terpenes from the hemp extraction. Full-spectrum oil will always contain under 0.3% delta-9 THC to remain legal under federal law. Some research has suggested that full-spectrum can create the “entourage effect”, which may boost the effects of CBD.
CBD oil is available in various strengths. You can now buy CBD strengths of 1,000 mg to 10,000 mg per bottle.