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how expensive is cbd oil

For the last few years, cannabidiol (CBD) has become one of the hottest wellness trends. Touted for its potential health benefits, CBD oil is one of the most popular items in this space, with products popping up in nail salons, spas, big-box retailers, and health stores throughout the US.

How do you know you’re getting a lab-tested product? If a company lists its certificates of analysis on its website and packaging, shoppers can usually be assured the product has been lab-tested.

How much does CBD oil cost the consumer?

But for curious newcomers, CBD oil cost might raise some eyebrows. A 1 ounce (30 milliliters) bottle of CBD oil could cost anywhere from $30 to more than $200, leaving many wondering how something so small can cost so much, and why CBD prices vary so widely. What accounts for the discrepancies and, perhaps most importantly, how much does CBD oil really cost?

Third-party lab testing ensures a product is safe and correctly measured. Photo by: Gina Coleman/Weedmaps

Testing can get pricey, especially in a state such as California, where regulations implemented in late 2018 increased testing costs 40% to 55% for some manufacturers, according to MJBizDaily. This can have an impact on how cost-effective the overall production process is, which in turn impacts the cost per milligram to the consumer. Flannery estimated testing can cost a company between $100 and $400 per sample, and they may have to test several samples. Those that produce flower — from which the oil is derived — have to test incrementally, such as every 55 pounds.

Cost per mg of CBD; 856 CBD Oils

Here is a summary of our key findings. To read the full report and watch the video, see the link below.

CBD Examine analyzed the prices of 856 CBD oils from 263 companies to answer the question, "Are you paying too much for CBD?"

SANTA CRUZ, Calif. (PRWEB) October 05, 2020

  • The average cost per milligram of CBD in 2020 is About CBD Examine: CBD Examine shows consumers what’s inside their CBD products. Our independent lab reports empower consumers with the cannabinoid levels, accuracy, honesty, and value of their CBD products..099 (about 10 cents).
  • Full-spectrum products (products with CBD, THC, and other cannabinoids) are the most expensive, with an average CBD cost per milligram of .104.
  • Broad-spectrum products (products with CBD, other cannabinoids, and NO THC) have an average CBD cost per milligram of .097.
  • Pure CBD products (CBD isolate, NO THC, and NO other cannabinoids) are cheaper, averaging .075 per milligram of CBD.