The price for CBD oil can be shocking to people new to the world of cannabinoid products. While prices are slowly going down, buying CBD is still a significant investment, especially if you plan to take CBD consistently. We are going to break down CBD oil price and explain why it costs so much.
How Much Does CBD Oil Cost?
According to Health.com, most CBD oil companies sell their products anywhere from $0.05 to $0.20 per mg. If you do the math, that puts a 1000mg bottle of CBD tincture from $50 to $200.
We have seen CBD oil at a lower cost, but this price range proves to be accurate if you are looking at the major brands. $200 for 1000mg may be a bit high; while you can easily find prices at this rate online, most of the prominent CBD oil companies have gotten their price down to under $100 for a bottle of 1000mg CBD.
The CBD price ranges from business to business, as well as the type of extract. CBD oil comes in three primary forms – full-spectrum, broad-spectrum, and CBD isolate. Full and broad-spectrum products feature a variety of cannabis compounds (full spectrum includes THC). CBD isolate only contains pure CBD; no other chemical compounds can be found in these products.
Usually, full and broad-spectrum products have a higher price tag than isolate CBD. These types of CBD are more expensive because the manufacturing process is more complicated to keep the other cannabinoids and terpenes present in the extract.
CBD Oil Pricing Change
In the past, it was thought that isolate CBD was the most beneficial type of cannabidiol product. As we have learned more about full-plant extracts and the benefits they are capable of, the demand for these products has increased, driving costs.
Isolate CBD products are still expensive, but they are not considered the most beneficial types of CBD. The public opinion is that full-plant CBD is more valuable and willing to pay more for these products.
Types of CBD Products
Hemp legalization allows the free trade of CBD products and manufacturing. Companies have experimented with all types of products, infusing CBD to make them appealing to the health and wellness sector.
The most popular types of CBD products are CBD oil, CBD edible gummies, and CBD topicals. Edibles come in many forms, but gummies and pills have proven to be the most popular as we solidify purchasing trends in the market.
CBD oil pricing of these different product types stays consistent unless you get into specialty products with other ingredients. The space that has taken off recently is CBD skincare products. Lotions, serums, and creams combining CBD with other natural ingredients can demand a high price tag far more than the average of $0.05 to $0.20 per mg. Major skincare companies are getting in on the ‘green rush’ by adding CBD to their skincare lines. We expect to see more companies outside of the cannabis sector to enter into the world of CBD to get a piece of the action.
As CBD oil cost slowly becomes more affordable, it is ever more important to do adequate research before making a purchasing decision. Be sure to stay away from deals that seem too good to be true. If you see a CBD oil priced at $20 for 3000mgs, it is probably just hemp oil. If you check lab tests, look at reviews, and know what you are looking for, you can find a good deal on CBD products in 2021.