CBD is one of the most viable wellness alternatives available today. And because of its many benefits, the product market for it has more than tripled over the years.
Before you make a trip to the store or fill your online shopping cart, you need to know the cost of CBD. This will help you make an informed decision when you visit a reputable retailer for top quality CBD oil.
Unless you’re accustomed to paying more, the price tag of CBD doesn’t matter. If you are looking to get quality for a fair price, then being frugal about CBD costs won’t hurt. Paying less simply means you know the value of the product you’re purchasing.
That doesn’t lessen the worth of cannabidiol. It just means you know how to buy it and pay a fair price for its products.
If you’re looking to stock up, there are a few things to know about the average cost of CBD oils. Check out our helpful price guide.
What Determines the Cost of CBD?
The fluctuation of market prices for CBD products relies on several factors. These factors determine what’s a fair price to pay for Cannabidiol.
Understanding each can direct you to the right source for purchasing CBD.
Farming
A cannabidiol oil processor or farmer can get hemp to grow anywhere. Before the passing of the 2018 Farm Bill, most hemp farming happened overseas.
Import tariffs affect the cost of doing business with CBD. Business owners have to find a way to recover the loss, and that’s mostly done through the price to consumers
Also, farming itself is not a cheap process.
Hemp absorbs the contaminants of the soil it’s grown in. Farmers have to pay for extra steps to present high-quality CBD products. That means spending funds on nutrient-dense soil absent of chemicals and pesticides.
Again, consumers suck up the cost on the sale end.
Extraction
Farmers extract CBD from hemp, and that process gets complicated and expensive. There are 12 to 18 different methods of extraction, all of which cost harvesters in the thousands.
The hydrocarbon extraction process alone can cost a farmer upwards of $100,000. The liquid nitrogen process? In the millions. If CBD business owners ate the cost, they’d go out of business, and so would access to CBD.
Lab Testing
Smart business owners never put a product on the market without third-party lab testing.
Because CBD harvesting is a complicated process, lab testing takes more time and trial. Lab testers examine each different cannabinoid compound in the harvested product. They also look for poisons like insecticides, bacteria, and mold.
Owners foot the bill for independent lab testing then recoup the money from shelf prices.
Putting CBD Products on the Market
Cannabidiol business owners go through a lot of legal loops and laws to sell CBD. That process isn’t free.
You would think the Farm Bill heavily regulated the market, but it doesn’t. So owners have to pay their way through the legal red tape. That adds to the cost of the products presented to customers.
The Average Cost of CBD
CBD sells by potency. The higher the mg, the greater the price. Lower mg potency means a smaller bottle and cheaper cost.
You may have to utilize a CBD dosage calculator to find out how much you need.
Considering all factors, CBD oil itself can cost you between $30 and $250, depending on who’s selling it. The same goes for products like gummies, capsules, topicals, and such—size, mg, and manufacturer matter.
If you’re keeping an eye on your pennies, isolate is the cheapest CBD product across the board.
Get Your CBD
There are several things to know when it comes to the average cost of CBD oils. Like other products on the market, comparison shopping ensures you get more value for the price.
Study this guide, discover your need, and start loading your shelf with the best CBD oil. Want to know more about health and fitness? Check out our life advice guide and stay informed with the latest tips and advice.
