What is it about CBD products that make them so expensive? What factors influence the price range of hemp oil sourcing and production?
There are many different brands of CBD oils available in the market. While some of them are very expensive, others are not as heavy on the pocket even though they claim to contain the same ingredients and provide similar results. Some are downright cheap compared to the more expensive variants.
What is the reason CBD pricing is such a complicated issue? Will it affect my health to buy the cheaper variants? Will the top-shelf products cure me of all that ails me? These are the usual thoughts in the minds of people.
Usually, it is the manufacturers who decide the ingredients, labeling, and pricing. The FDA has nothing to do with it, as it has not given its approval to its sale. However, with the legalization of hemp-based products by the federal government, CBD products are openly sold in the market. While some brands are transparent and responsible, others do not care enough for public health.
The Basic Factors That Influence The Cost Of CBD
The quality of the CBD is the main thing that influences its total cost. The other factors that play a role include the product’s hemp source, extraction methods, potency, third-party testing, product formulations, technologies used, among others.
- Hemp Source: Only hemp plants are considered for CBD extraction as marijuana is psychoactive and illegal. Hemp growing is not easy; neither is it cheap, owing mostly to its stringent regulations on growing, extract quality, and CBD potency. The best quality CBD comes from homegrown, organic, pesticide-free, and non-GMO hemp. The best-quality organic hemp is very expensive.
- Ingredients & Formulation: Highly-priced CBD products usually contain all organic ingredients and intricate formulation that gives the extract more efficacy. While European crops are as good in quality – if not better – than American variants, they are way costlier than the latter, mostly due to the additional import costs.
- Extraction & Filtration Methods: The purity, potency, and quality of a CBD product depend on the extraction and filtration processes. From steam distillation and natural solvent extractions to CO2 extraction methods, CBD may be extracted from hemp in various ways. Among them, the CO2 extraction method is considered one of the best as it is eco-friendly and gives you highly potent CBD extracts, with no risk of any solvents or other chemicals remaining in the end product. Equipment required for such highly expensive and elaborate processes can cost around $135,000-$150,00.
- Infrastructure and technologies employed: These are a couple of other aspects that influence the price. The better and more elaborate these aspects are, the higher is the expenditure uncured by the company, naturally increasing the overall price of the end-product.
- CBD Potency: Expressed in milligrams, CBD’s strength determines its efficacy. For more severe health issues and higher body weight, one requires higher potency products to have any effect at all. Bear in mind, to produce a product with higher potency, a higher number of CBD flowers need to be used to make each pack/bottle of the product. To compete in the market, manufacturers cut the per mg price of their products to make them more affordable, leaving smaller profits for themselves, while other companies cut corners on the quality of the extract, leaving behind a lot of contaminants. So, you need to be careful about whom you trust!
- Hiring Specialized Professionals to make and test products: CBD and cannabis industry is a specialized field that requires the expertise of highly skilled professionals.
- Lab Testing: Third-party lab-testing ensures products their quality, safety, and reliability. For that, the brands need to spend additional funds over and above the actual production process. Ideally, brands that get their products tested by such independent labs post their certificates of analysis (CoAs) on their websites to establish the authenticity of their products.
- Brand Reputation & Value: Brands survive based on their performance, which is what builds the trust of their customers. This, in turn, establishes brand reputation – and the price.
All of these aspects cost a lot of money. Period!
How Much Does CBD Cost?
CBD products can cost anything from $9.99 to $400 – depending on the above factors, besides other factors like formulation, size of the package, technologies employed, and infrastructure utilized.
With the global popularity of CBD products, reputed manufacturers have started increasing their prices as they have realized the value of their products.
As a non-psychotropic chemical compound derived from hemp (can also be extracted from marijuana), CBD has numerous therapeutic properties – something that no pharmaceutical medication can possess.
CBD’s Popularity & Reasons Why
This unique characteristic of CBD is what makes it so popular. CBD products are effective in alleviating many health conditions and symptoms, including:
- Neurodegenerative diseases
- Heart issues
- Liver & Brain Issues (hepatic encephalopathy)
- Kidney issues
- Nerve issues
- Cellular and Tissue Damage due to Disease or Injury
Although CBD is scientifically proven to be a safe substance, some people have experienced some side effects after its repeated, frequent, or excessive use. They include:
- Decreased appetite
Another essential thing to know about CBD is that it might react with some specific substances, including some established pharmaceutical medications. The reason for that is that it requires the same group of liver enzymes to metabolize. So, you should always consult a certified medical practitioner before starting on CBD therapy.
The Approximate Range of CBD products
A good quality CBD oil or tincture may cost you around $0.09 to $0.17 per mg. At the lower end, it costs around $0.05 – $0.08. Premium oils, however, would cost you around $0.20 or $0.30 per mg.
Calculating the price of CBD
Before buying CBD oil, you must figure out the price of per-milligram CBD contained in the bottle. The other factors to consider are the overall size of the bottle (which will tell you how many doses you can get out of it), additional ingredients, and product type.
So, before you buy your next bottle of CBD tincture or jar of CBD gummies, compare the brands and their products with those of other brands to get a better idea of how well a brand performs in the market and how effective they are on users in general.
And, don’t forget to check for their third-lab test results on their website.
The manufacturing process of CBD products is expensive. You can’t expect CBD products to be cheap. And if you do, beware! They may be fake products or simply hemp seed oils (which contain no CBD though they are, otherwise, healthy).
Before purchasing the CBD, you should verify the company’s claims about their products. Watch out for mislabelling and dangerous ingredients. Fraudulent vendors could be peddling synthetic chemicals in the guise of natural and organic CBD oils.
But, if you think you can’t find affordable CBD, you are probably mistaken. Before purchasing a product, you need to be very sure why you need CBD and what you expect to achieve from its use. Mind you, CBD is no magic cure. It can only reduce the symptoms to a certain extent and, sometimes, address an underlying issue. The best way to overcome any health issue is to live life the right way. No amount of pill-popping can heal you of everything.
Lastly, talk to your doctor. Find out the best method of using CBD and how to dose yourself. That would not only save you a lot of money but will also help you stay safe and healthy.