In the last few years, cannabidiol or CBD has taken the health and wellness industry by storm through its verified health benefits. If you are wondering how much does CBD oil costs, keep reading on. Since it’s been in high demand, there has also been a rise in its commercial availability.
CBD oil is quickly making its way from drug stores to salons, spas, and even big-box retail stores. Such is its popularity! Now, amidst all the buzz around this magic concoction, the obvious question that pops up in our heads is its price. Well, that’s what this article is all about. Let’s get straight into the details!
How Much Does it Cost to Buy CBD Oil?
While regular users might be aware of the average cost per mg of cannabidiol, it could raise the eyebrows of a first-time user. The pricing starts from $30 and can go up to over $200 for an ounce (30ml bottle) of CBD oil. Now you must be wondering how its cost could vary so widely?
The pricing of CBD mainly depends on factors like the type of oil used, the form it’s used in, the strength, and the overall quality.
Best Affordable CBD Oils
Buying CBD oil can get a little heavy on the pocket if you’re a regular user. The good news is there are quite a few CBD brands that are affordable and of reliable quality. If you’re not aware of them, we are here to help you. Below is a list of brands that offer the best price on CBD oil.
CBDistillery is known for its full-spectrum CBD oil tinctures that are naturally sourced and tested at 3rd party labs to ensure top-notch quality. Tinctures are a unique substance that absorbs oil much faster, thus bringing you quicker relief.
And the best part? You get 30ml CBD oil for just $45, which is quite affordable, considering the average market price in terms of quality.
The Tranquil Mint Organic CBD Oil by Joy Organics is as mellow as its name suggests. If you’ve been stressed and are longing for a good night’s sleep, this oil might do wonders for your nerves and muscles. You can either buy it once or subscribe for periodic deliveries for a whole year.
Ideally sold for around $45, you get a 20% discount if you make a subscription. You can also cancel your subscription as and when you like.
It is formulated with virgin hemp seed oil and full-spectrum hemp extract, the Nuleaf Full Spectrum CBD oil costs around $30 for 300 mg. This concoction is a synergy of organic hemp, essential oils, and terpenes.
All of this makes for a robust blend and does not require any harmful chemical solvent, making the product safe for use and effective. You can subscribe for deliveries as per your preference and save 10% on the cost.
If you’re looking for a flavorful CBD oil, Hemp Bombs are the answer for you. It offers one of the most concentrated oils in the market (ranging from 300mg to 5000mg), making it a value for money choice. Besides, there are six flavors that you can choose from — Peppermint, Orange Creamsicle, Acai Berry, Watermelon, Chocolate Mint, and Natural Hemp.
You can start off with the 300mg bottle, which costs a mere $25, and move it up with experience. To avail of a 20% off, you can subscribe to the brand for periodic deliveries.
Now a lot of you might not be needing CBD products for yourself but your pets! This is where Canna Pet comes to your rescue. Designed in the form of capsules with a separate formulation for different animals, a pack of 30 Canna Pet CBD capsules can cost you about $30.
Don’t forget to check with your vet and follow the instruction manual regarding the amounts of CBD you should give to your furry friend.
Pure Hemp CBD Oil
The CBD oil manufactured by Pure Hemp is flavorless but the choicest herbal supplement to ensure good health. It’s best recommended for those with highly sensitive nerves and skin. Besides, it’s rigorously tested in labs to ensure safety and is devoid of any chemical fertilizer.
It’s better to start with a lesser dose of 500mg, which comes for a sum of $40. So, there you go! Next time you’re in doubt about purchasing the right CBD oil for yourself or your pet, you can take a look at these cost-effective CBD products and decide for yourself.
Factors that Affect the Price of CBD Oil
As mentioned above, there are numerous factors that affect the pricing of CBD oils. Let’s go over each of these factors to understand the gap in price ranges.
Type of CBD oil
CBD oils can be of two types: full spectrum or a CBD isolate. The key difference here is that an isolate contains only one cannabinoid, i.e., CBD, while a full-spectrum CBD oil contains terpenes, various cannabinoids, flavonoids, and other substances extracted directly from the cannabis plant.
It’s important to note that a full spectrum oil creates a powerful synergy, commonly known as the entourage effect. They also contain some amount of tetrahydrocannabinol or THC, the ingredient of a marijuana plant that induces the feeling of getting high.
On the other hand, CBD isolates are THC-free, and you wouldn’t have to worry about any side effects. So naturally, full-spectrum CBD oils are relatively costlier than a CBD isolate.
Origin of the Hemp
The origin of hemp also acts as a price determinant for CBD oils. Although it might sound a bit surprising, the plant of origin highly matters to investors and consumers alike. While marijuana and hemp plants belong to the same genus and species, there has been a lot of debate as to how to deconstruct their botanical differences. It does affect the supply chain and hence the pricing too.
These days, a lot of CBD oils come in several flavors and are infused with multiple organic ingredients. To procure these natural flavors and ingredients takes quite the effort, and a lot of time goes into mixing and preparing the solutions.
Besides, CBD products are also available in various forms like gummies, capsules, vape pens, tinctures, and so on. These ingredients and formulations greatly affect the average cost per milligrams. But if you’re set on buying a CBD oil with organic flavorings, the extra price might be worth your hard-earned money.
Strength of the CBD Oil
While some CBD products bear a higher potency level, others don’t. Although you might be thinking that you’re saving a lot by purchasing low-dose CBD oils, remember that it may end up costing you the same in the long run. It’s best to opt for a good-quality CBD oil and gradually increase your dosage to improve effectiveness. However, that entirely depends on your dosage requirement and budget.
As you noticed in the list above, a lot of brands now have subscriptions with promotional offers. The average price of CBD is also determined by these discounts. Most regular users go for a subscription as it costs less than a single purchase, and their need for CBD is constant.
Lab testing is another major factor that affects the cost per mg for CBD. It requires time, effort, and money to get each product tested. While most brands get their products tested for safety, there are many that don’t. Always remember to check for tested products in the market.
Why do People Pay So Much for CBD Oil?
It’s become a common practice for medical experts to recommend CBD oil for health issues such as anxiety, heart diseases, migraine, asthma, seizures, and joint pain, to name a few. CBD is even infused into beauty products.
If you’re experimenting with CBD to enhance your beauty, you don’t need to incorporate it into your daily routine as such. But for those who require a regular dosage must! Besides, a lot of people have seen positive impacts of the oil, which is why they say it’s proven and don’t mind paying a high price for it.
It’s crucial to note that the Food and Drug Administration (FDA) has approved only one CBD product called Epidiolex as a prescribed drug. This means the FDA is yet to evaluate mainstream products like CBD oil tinctures to treat any illness. Make sure you consult a physician before buying any CBD-infused oil or drug.
Now that you know all the nitty-gritty behind CBD pricing and quality, we hope you’d make a wise decision. If you have a serious medical condition, get tested first and then purchase CBD oil. Also, don’t get lured by low-priced and poor-quality oils, as they won’t impact you the way you would want them to.
Since you’re investing in your health, you must buy a product that has good bioavailability, offers potency, and is of top-notch quality.