There are two basic extraction techniques, both are mentioned in my article on, what to look for when selecting a CBD product. Co2 extraction is the most expensive technique (used by Hemp Daddy’s), and the only way to get a clean solvent free product. Some brands use ethanol extraction techniques, where there is no way to completely remove traces of solvents in the final product. The hemp is soaked in ethanol or another solvent to strip it of cannabinoids, the liquid is then evaporated away.
As the industry continues to grow prices will start to fall. Increased demand for CBD will help CBD producers implement greater efficiencies in the production process, and in the end drive down the cost to consumers. For example, a smaller operation like Hemp Daddy’s can go from paying several people to hand fill bottles to a more automated process.
How the CBD is manufactured plays into CBD pricing
An added benefit of the Co2 extraction process is the ability to control the temperature of the process, and therefore target specific cannabinoids, which is why some Co2 extracted products will contain higher concentrations CBD yet still contain a full spectrum of cannabinoids, there is also minimal risk of contaminants in the finished product.
You likely got sticker shock the first time you looked at CBD oil prices, I know I did. There is a lot of confusion over the wide range of prices on the market, and prices of CBD vary widely from brand to brand. Prices typically range from $50 to $200 per bottle, or more. So why is CBD oil so expensive?
With the influx of hemp farming in the United States prices are finally starting to come down a little, but not too much. The reason being is the market is still a bit uncertain in terms of how long the supply will stay how it is. Many manufacturers are hesitant to drop their prices yet and are playing the, “wait and see game.” However Hemp Daddy’s is in the process of lowering prices as well as adding to our product line.
Gordon: It can be used for a variety of purposes, things like inflammation, anxiety, stress, and it can also be used just to support general wellness. Now, the differentiating criteria between a medicine and a supplement is you cannot make a claim that it treats or cures a specific medically diagnosed disease. And that’s really important for companies to understand, because they can get their products pulled off the shelves, and they can also potentially sometimes unintentionally mislead consumers.
CBD is shrouded in mystery and confusion for the consumer. On the one hand, a 2018 cross-sectional study of CBD users found that almost 62% “reported using CBD to treat a medical condition,” stating that CBD has “broad therapeutic value. But on the other hand, manufacturers cannot use the research data to make medical claims, leaving spokespeople in the unenviable position of having to promote their products to a certain demographic while avoiding endorsing the public’s perception of CBD.
Narrator: But in the age of anxiety, it’s no surprise that CBD has become a hot ticket for manufacturers, who infuse all sorts of products with cannabidiol, shrewdly tapping into its perceived wellness benefits and bumping up the price of otherwise standard items, like gummies, sportswear, tampons, and even dog treats. But how do we assess the value of CBD oil, which is actually produced in two different ways?
Firstly, what is CBD?
Narrator: Thankfully, despite the misconceptions, no matter what you use it for, there is a way to get a snapshot of the quality of CBD oil.