Flannery noted it takes time to put together the capital expenditures and build out the infrastructure required. A new hemp farm requires a minimum of two months to produce any crop and in many places, the 2018 Farm Bill marked the first time it was legal. Plus, testing regulations are often much stricter when it comes to CBD and cannabis than to similar herbal supplements or oils.
According to Flannery, yes, the price of CBD will come down, but not for a few years. “I think the primary driver behind [the cost] is just the regulatory environment that we’ve lived in for so long has limited the amount of production we can do,” he said.
Third-party lab testing ensures a product is safe and correctly measured. Photo by: Gina Coleman/Weedmaps
With oils and tinctures that you’ll be ingesting, you may wish to find out how much CBD is in each serving. To do that, you’ll need to determine the milligrams of CBD within the net weight of the product. So, if you have a bottle that contains 30 milliliters (about 1 fluid ounce) of liquid and 500 milligrams of CBD (divide 500 by 30), that’s about 16.6 milligrams per milliliter. It takes about 20 drops per milliliter.
“One thing I always say is that a molecule does not know its mother, so CBD is coming from cannabis or hemp, but it’s the same compound,” said Robby Flannery, Ph.D., CEO of California-based cannabis brand Dr. Robb Farms.
The label on any CBD product will tell you several important details. Perhaps the most obvious detail is the name of the company, which you may want to research so you can read reviews of the brand (most are available on Weedmaps) or the individual product. Or, you might want to visit the company website’s FAQ page for additional product information.
Testing can get pricey, especially in a state such as California, where testing regulations implemented in late 2018 increased costs as much as 40% to 55% for some manufacturers, according to MJBizDaily. Flannery estimated testing can cost a company between $100 and $400 per sample, and they may have to test several samples. Those that produce flower — from which the oil is derived — have to test incrementally, such as every 55 pounds.
To buy: Medterra CBD Isolate 3,000 mg Tincture, $135; medterracbd.com
Whether you're buying CBD oils online or in-store, third-party lab testing is a must for all hemp-derived products. This process isn't cheap, and more in-depth testing can cost more (which leads to a more costly end product). However, this external testing provides greater evidence of quality, safety, and transparency for the brand and its products.
Medterra CBD Isolate Tincture
If you're looking to buy CBD oil online, there's no doubt that there are plenty of hemp products to choose from. Apart from CBD oils, there's also the option of varying application styles like CBD capsules, gummies, topical lotions, and much more.
To buy: Naternal Full Spectrum 1,200 mg CBD Oil, $40; naternal.com
While products with higher strengths or concentrations of CBD are more expensive, they also have better value. This is because they have a lower cost per mg of CBD. Similar to buying toilet paper in bulk to save money, you can save money in the long run if you opt for a strong CBD oil that will last for a longer period of time than less potent options.
CBD prices are primarily determined by the method of production, quality of raw materials used and the overall level of potency. The better brands use organic hemp that is free of pesticides and GMOs. Quality control is another crucial factor. Most CBD is put through third party lab testing. Some companies only test for basic CBD/THC levels, whereas others test more rigorously for residual solvents, mold, pesticides etc. The more extensively tested products are going to usually cost a bit more per mg. Regardless of the cost, if your CBD has not been lab tested you may want to consider trying a more reputable CBD brand.
In this guide, we will assess the average price of cannabidiol per milligram, which will help you determine if you’re getting a good deal or not. Whether you’re vaping on CBD oil cartridges, CBD vape juice, or CBD-rich cannabis strains, we will explain why some CBD products can cost more than others. And if you’re new to the whole CBD thing, check out this full guide which covers everything you will need to know about CBD.
How much does CBD oil cost?
How much do CBD oil tinctures cost?
How much do CBD oil cartridges cost?
CBD creams are designed for localized skin treatment and pain relief. They are not the most cost-effective option, since they come with much lower bioavailability than tinctures and vapes. CBD topicals typically go for around To learn more about bioavailability and calculating CBD doses, check out our full guide..20 to CBD concentrates are extremely cheap when you take into account the price per mg. The average price is generally going to be around How much does CBD vape juice cost? .05 per mg, but it becomes even cheaper when you purchase it in bulk by the pound. If you vape CBD concentrates, that is by far the most efficient way to inhale cannabinoids directly..30 per milligram. The average cost for a good CBD cream is around The best CBD products generally cost anywhere from If you’re buying CBD in bulk, the same formula can be used to determine the price of CBD per pound. Some manufacturers actually sell 99% pure CBD isolate powder by the pound. This is by far the most cost effective option. CBD concentrates can be used to concoct your own recipes and tinctures, or can be vaporized in a wax pen or dab rig..02 to The better CBD vape oils generally go for anywhere from How much do CBD concentrates cost?.20 cents to as low as How much does CBD flower cost?.07 per milligram of CBD. The average price for premium CBD e-liquid is typically around How much do CBD topicals and creams cost? .10 per mg..20 per mg CBD on average. This is based on an average assessment of the most popular CBD products from some of the top brands. For most products, the more you buy, the cheaper it tends to get. Likewise, the more CBD a product contains, the cheaper it is going to generally cost per mg. Unlike nicotine e-juice, the price of CBD oil is determined by potency rather than overall volume. In other words, you can have two equal-sized bottles of CBD oil, but the more potent one can potentially cost 2-3 times more, based on the total CBD content..25 per mg. Many of the best CBD patches tend to go for about the same price per mg, making them more cost effective due to their higher absorption rate than topical creams.