The use of CBD has grown tremendously in the past few years. Likewise, CBD products are now available at dispensaries, retail stores, fitness centers, and online.
While the increasing demand has only raised CBD oil costs, many people know it’s worth the price. But as with any industry, brand competition and various formats are confusing to find the best CBD deals.
So, here is a simple guide with a breakdown of what goes on in determining the cost.
What Is the Average CBD Oil Cost?
With many variations of products, forms, and formats, there is a lot of difference in CBD pricing. CBD oil is available as tinctures, lotions, wax, drops, sprays, vapes, and other products.
The final products usually come in 15 ml, 30 ml, and 60 ml bottles. But the same 30 ml-sized products may cost $20 in one place and $200 in another. Hence, there is no average cost for CBD.
Also, companies use a variety of extraction methods, strengths, and ingredients. The main attraction of CBD oil is the amazing health benefits it imparts. It can help you deal with inflammation, pain, anxiety, depression, sleep issues, and many more problems.
CBD oil contains cannabidiol, which is non intoxicating, as opposed to THC available in the same marijuana plant. Hence, it also doesn’t induce any adverse side effects, provide you use the correct dosage and proper administration.
What Factors Impact CBD Oil Prices?
Apart from the best extraction process, premium CBD products undergo stringent quality control practices.
Here are some factors that influence the rates of the final product:
Where the hemp comes from is crucial to achieving the desired outcome.
The 2018 FarmBill laws regulate hemp cultivation standards in the country. So, most CBD companies use local farm-grown industrial hemp.
Ethically-grown, pesticide-free, non-GMO, and vegan hemp variants may be slightly expensive. But they give you the best results. Organically or ethically-grown hemp will cost more, especially the USDA-certified organic variant.
Some of the commonly used CBD oil extraction methods are:
- Steam distillation
- CO2 extraction
- Hydrocarbon extraction
- Natural solvent extraction
While hydrocarbon extraction is the cheapest process, the final hemp extract contains residues. Of the above, CO2 extractions are more effective and, thus, pricier.
In addition, full-spectrum, broad-spectrum, and isolate products are priced differently. They contain varying levels of THC, cannabinoids, essential fatty acids, terpenes, flavonoids, and other plant compounds. Coconut oil and other premium ingredients or all-natural flavorings can lead to extra costs.
Third-Party Lab Testing
Companies opt for third-party lab testing to ensure the quality of a product. When you look for the best CBD deals, check if the lab results are available online.
These are unbiased lab reviews that are unrelated to the brand in any way. Such an additional step of external testing may increase the cost of the product you purchase. But you will know that you are getting the highest quality CBD oil.
Typically, more established brands go for third-party testing, while new entrants entice customers with low prices.
The potency or strength of CBD oil impacts its effectiveness in treating your symptoms. It can also affect the quality of the cannabinoid product.
But it is essential to note the purpose behind taking CBD. If you are looking for an improvement in your general wellness, a smaller dosage product may be enough.
For chronic issues or pain, choose a larger dosage with higher concentrations of CBD. For instance, instead of 150mg tincture, it is better if you use 1500mg tincture. They may be more costly, but they last longer and have better value with a lower cost per mg.
Finally, one factor that plays a significant role in pricing matters is how much you are buying. If you order in bulk or choose the ‘subscribe and save’ option for more extended periods, you can receive coupons and discounts.