CBD oil demand increases every day, and you can find it in many physical and online stores. But why is CBD oil so expensive? Due to the high demand for CBD oil, the response from a CBD manufacturer is to increase the price. In this article, we will look at several factors that make CBD oil costs increase.
Is CBD Oil Expensive?
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Like other things in life, when it concerns CBD oil, you get what you order. This means top-shelf premium CBD oil prices are higher than expected. However, knowing what goes into creating a high-quality CBD oil will make you understand why CBD oil costs are high. CBD oil is not expensive, especially when you consider how it benefits your health in the long run. Several aspects play a role in CBD’s current retail prices including.
- Quality control
CBD products usually pass through several quality control measures to ensure safety. CBD products with higher quality control are more natural, concentrated, and expensive. The cost that the manufacturer uses for quality control is passed to the consumer in the form of higher prices.
- Third-Party Analysis
This occurs when independent third-party organizations test the claims made by CBD brands about what is in their products. Third-party analysis usually tests for CBD content, THC content, and the presence of heavy metals.
These organizations are independent and provide honest results so consumers can know what’s in their products. CBD products usually undergo the third-party test at an added cost, and this further explains the high costs of better-quality CBD products.
Trusted CBD brands like cbdMD and others have their CBD products third-party lab tested. The results are available on the products’ pages.
- Legal Red Tape
The passing of the 2018 Farm Bill made it legal to grow and produce hemp products across the U.S. This means that the CBD industry is still in its infancy and lacks regulations. Furthermore, since there are insufficient well-established hemp farms, CBD oil prices are bound to increase.
- Extraction methods
The common method of extracting hemp includes supercritical carbon dioxide (CO2). This method involves using heat and pressure to create phase changes in CO2 to successfully extract cannabis plant material without removing the integrity and amounts of terpenes in the cannabis plant. C02 extraction is precise, safe, and requires expensive equipment and skilled operators. This cost is then passed to consumers in the form of high prices.
How Much Does CBD Oil Cost?
CBD oil prices vary from one product to another. Novice users will most likely start with a low-strength oil. Buyers can expect to find the price of CBD oil range between $0.04 and $0.20 per mg of CBD. However, higher-quality CBD oil costs around $0.13 per mg or more.
Eventually, the price you should pay for CBD oil boils down to your personal experience and your budget. It’s essential to research CBD oil to determine if it’s genuine or not before making the final purchase.
When it comes to CBD oil, a good product is crucial. High quality CBD oil comes from premium ingredients but it’s usually expensive. Regardless, you can save on the cost of CBD by using a coupon code during checkout.