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How to Tell If You’re Overpaying for CBD Oil

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The notoriety of CBD, or cannabidiol, has grown tremendously over the last couple years, and so has the availability of CBD oils (and their prices). Many people who are getting into CBD start by asking the question: “How much does CBD oil cost?” But with so much variation in the industry, determining which products are truly worth the cost can be a challenge.

To simplify this process, Ashley Jordan Ferira, PhD, RDN, Senior Editor of Health & Wellness Strategy at Remedy Review, a CBD reviews site, compared the prices of popular CBD oil brands on the market—including Medterra, cbdMD, and Naternal—to pinpoint the average cost of CBD oil.

How much does CBD oil cost?

To determine the value, or cost per milligram of a CBD oil, divide the price of the product by the total mg of CBD. For example, a bottle of CBD oil that costs $120 and contains a total of 2,400 mg of CBD costs $0.05 per mg.

The price of a CBD tincture can vary across brands, but the average cost tends to land somewhere between $0.05 to $0.20 per mg of CBD. If you’re paying more than 20 cents per mg of CBD, you’re likely overpaying.

The best value CBD oils

The average prices of some leading brands are similar, but a few clear leaders emerge when we talk about value. Below, we’ve highlighted the most cost efficient products from three top brands to help you get the most for your money.

Each 1 ml serving of this full-spectrum product from Naternal contains 40 mg of cannabinoids, including CBD and trace amounts of THC (less than 0.3% by law), terpenes, and flavonoids from the cannabis plant, a.k.a. hemp.

To buy: Naternal Full Spectrum 1,200 mg CBD Oil, $40; naternal.com

This THC-free CBD oil tincture from Medterra provides 100 mg of CBD in each 1 ml serving.

To buy: Medterra CBD Isolate 3,000 mg Tincture, $135; medterracbd.com

This moderate strength product from cbdMD is THC-free and delivers 25 mg cannabinoids (including CBD) in each 1 ml serving. It’s available in natural, berry, orange, and mint flavors.

To buy: cbdMD Broad Spectrum 750 mg CBD Oil, $70; cbdMD.com

CBD oil price comparison

In the price comparison below, you can see the average cost per mg of CBD for 10 top brands, organized from lowest (i.e. best value) to highest.

  • Naternal
    • Average cost per mg CBD: $0.03
    • CBD oil price range: $25–$60
  • Medterra
    • Average cost per mg CBD: $0.06
    • CBD oil price range: $34.99–$132.99
  • cbdMD
    • Average cost per mg CBD: $0.07
    • CBD oil price range: $29.99–$339.99
  • CBDistillery
    • Average cost per mg CBD: $0.08
    • CBD oil price range: $29–$260
  • FAB CBD
    • Average cost per mg CBD: $0.09
    • CBD oil price range: $39–$129
  • SEABEDEE
    • Average cost per mg CBD: $0.10
    • CBD oil price range: $57.95–$115
  • Charlotte’s Web
    • Average cost per mg CBD: $0.11
    • CBD oil price range: $39.99–$164.99
  • Spruce
    • Average cost per mg CBD: $0.12
    • CBD oil price range: $89–$269
  • NuLeaf Naturals
    • Average cost per mg CBD: $0.12
    • CBD oil price range: $38.50–$439
  • Green Roads
    • Average cost per mg CBD: $0.14
    • CBD oil price range: $23.95–$342.50

Why do people pay so much for CBD oil?

The main draw towards CBD products stems from the compound’s many potential health benefits. People buy CBD products to help with inflammation and pain, anxiety and stress, and sleep quality. This is not a full list, but it does encompass some of the most common reasons people turn to CBD. Additionally, CBD oil rarely produces any negative side effects, which can be best avoided by proper dosage and administration.

It’s also worth noting that while many people enjoy using CBD oil as a part of their wellness routine, the Food and Drug Administration has only approved one CBD-based drug, known as Epidiolex. This means that mainstream hemp products, like CBD tinctures, have not been evaluated by the FDA and are not intended to treat any disease. If you have a serious medical condition or take prescription medications, consult with your physician before buying CBD oil.

Factors that affect CBD oil prices

CBD oil seems like a pricier wellness supplement, but there’s a reason. Many additional manufacturing and quality control practices go into creating a trustworthy CBD oil that other dietary supplements do not require. Some factors that affect how much CBD oil costs include:

Hemp origin

The origin of the hemp plant matters, and the best CBD companies source their industrial hemp from domestic farms. The most recent Farm Bill laws regulate standards for U.S. hemp cultivation, so American-grown hemp is the safest option for quality CBD oil. Organically or ethically-grown hemp will cost more as well, especially USDA-certified organic hemp that is more costly to grow.

Strength and type of CBD extract

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.

The type of CBD product can affect the price as well. For example, a full-spectrum product may be priced differently than a CBD isolate or broad-spectrum product that has gone through additional distillation and purification processes to filter out plant compounds like THC (tetrahydrocannabinol). THC-free CBD oils are a good option for anyone who submits to regular drug testing, but full-spectrum CBD products may elicit an entourage effect that may be more effective in terms of elevating your general health and wellness.

Third-party testing

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.

Premium ingredients

Some CBD oil tinctures may contain premium ingredients like a USDA-certified organic MCT coconut oil or all-natural flavorings that can increase the price of the product. If you’re set on purchasing a truly organic CBD oil, the extra cost may be worth it.

Promotional discounts

Lastly, and perhaps the most obvious, factor affecting the price of CBD oil is discounts or coupons that may lower the overall cost of an order. Many of the CBD brands listed above offer first-time buyer discounts, as well as subscription or bundle-and-save options that can cut the price of CBD oil significantly.

Is CBD oil worth the cost?

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.

With all this information to take into account, the CBD industry can seem like a confusing marketplace with an overwhelming number of hemp oils (and prices) to filter through. However, many consumers are flocking to CBD, and often use its potential health benefits as a way to justify the price tag.

So if you’re in the market for an all-natural plant extract with a lot of hype around its benefits, CBD oil may be worth the splurge. And you can still shop for high-quality products without breaking the bank.

Ashley Jordan Ferira, PhD, RDN is the Senior Editor of Health & Wellness Strategy at Remedy Review, an independent CBD reviews site. Dr. Ferira completed her PhD in Foods & Nutrition at The University of Georgia, where she researched the role of vitamin D in pediatric cardiometabolic disease. The products featured in this article were tested at ProVerde Laboratories in Milford, MA and Avazyme, Inc. in Durham, NC.

This content is for informational purposes only and does not constitute medical advice; it is not intended to be a substitute for professional medical advice, diagnosis, or treatment. Always seek the advice of a physician or other qualified health provider with any questions you may have regarding a medical condition and before consuming or using any of the products mentioned on this site.

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Want to know how much CBD oil costs? Check out our guide to CBD prices and comparisons from the top 10 CBD oil brands, then determine which is right for you.

How Much Does CBD Oil Cost?

How Much Does CBD Oil Cost?

Whether you’re stocking CBD products for your business or want to purchase hemp extract for personal use, CBD oil cost plays a significant role in the decision-making process. Unfortunately, CBD prices are all over the map, which makes choosing the right product difficult. CBD oil price is influenced by several factors, including manufacturing, added ingredients and labor. Let’s discuss how much is CBD oil and compare cannabis oil prices to help you make the right decision for your personal or business needs.

How Much Does CBD Oil Cost?

If you’ve done a bit of research, you’ve probably noticed that CBD prices aren’t exactly consistent. They can fluctuate wildly from company to company, even when milligram (mg) for milligram they seem to be selling the exact same product.

Joy Organics Lemon CBD Oil Tincture on white suitcase

There might be circumstances to explain this discrepancy. The company can be using high-absorption CBD or a proprietary blend to provide targeted relief. Another explanation could be greedy manufacturers hoping to exploit consumer naivety.

Before you research the unique features that might be jacking up CBD prices, you should have a baseline understanding of determining CBD oil cost in a visible, measurable way. You need to figure out cannabis oil prices down to the milligram.

How to Figure Out CBD Cost Per Milligram

Determining the price of CBD comes down to the number of milligrams of CBD you’re purchasing. When you buy CBD products for personal use, knowing the cost per milligram gives you the information necessary to figure out the price per serving.

As for business owners, knowing the price per milligram can help you figure out more complex equations, such as the CBD oil price per pound or CBD oil price per kilo.

On average, the CBD oil cost per milligram across the industry is around $0.05/milligram (low end) and $0.25/milligram (high end). You can determine how much CBD oil is with a simple mathematical equation.

The equation for determining CBD prices per milligram is:

Total CBD Oil Price / Total Milligrams = Cost per Milligram

For instance, Joy Organics’ 900mg CBD Oil Tinctures sell for $77.95. That makes the CBD oil price around $0.09/mg. There are 30mg of CBD in one serving of these tinctures. Therefore, your CBD oil price per serving is $2.60.

How Much Is CBD Oil in Joy Organics’ Products?

Joy Organics’ premium 0.0% THC hemp extract is available in a wide variety of products that allow people to use CBD to support their healthy lifestyle in numerous ways. Each product is crafted with carefully selected ingredients that influence cannabis oil prices.

Joy Organics Curcumin CBD Softgels lying on a guitar

One of the most important aspects of vetting a new brand for personal use or finding a wholesale partner is to gauge your potential partner’s transparency. We are proud of the proprietary formula we’ve cultivated to make the most bioavailable CBD products on the market. That’s why we work hard to make our CBD prices affordable for everyone.

Joy Organics CBD Oil Price Chart

In the spirit of transparency, here is our CBD oil price comparison between products. We included the cost per serving where applicable.

Joy Organics Product (Mg) Price Cost/Mg Serving Cost/Serving
CBD Oil Tinctures – 900mg $77.95 $0.09/mg 30mg $2.60
CBD Gummies – 300mg $39.95 $0.13/mg 10mg $1.30
CBD Softgels – 750mg $74.95 $0.09/mg 25mg $2.25
CBD Softgels w/ Curcumin – 750mg $89.95 $0.12/mg 25mg $3.00
CBD Softgels w/ Melatonin – 750mg $89.95 $0.12/mg 25mg $3.00
CBD Salve – 1,000mg $79.95 $0.07/mg N/A N/A
CBD Salve Stick – 250mg $32.95 $0.13/mg N/A N/A
CBD Cream – 250mg $32.95 $0.13/mg N/A N/A
CBD Sports Cream – 400mg $39.95 $0.10/mg N/A N/A
CBD Bath Bombs – 100mg $19.95 $0.20/mg 25mg $5.00
CBD Energy Drink Mix – 62.5mg $19.95 $0.32/mg 12.5mg $4.00
CBD Dog Treats – 60mg $34.95 $0.58/mg 2mg $1.16
CBD Tincture for Pets – 450mg $53.95 $0.12/mg 3.75mg $0.45

Items like CBD topicals are applied liberally. Therefore, it’s almost impossible to gauge a personal serving size of CBD.

If you’re interested in figuring out how much CBD oil is costing you in your personal topical purchases, take note of how many servings you used.

  • Total mg in Product/# Servings Used = mg/Serving
  • Your mg/Serving x Cost/mg Above = Your Cost/Serving

Using the CBD oil price chart above, you can figure out your personal CBD oil cost for customized servings.

How Much Is CBD Oil Per Pound?

Figuring out CBD oil price per kilo or pound depends on how much you want to order and the products that work best for your business. Typically, savings on CBD oil prices when buying in bulk range between 50% to 60% off.

What Influences CBD Oil Price?

As you may have noted, CBD oil cost fluctuates depending on the product. Some of these factors are due to the amount of CBD in each product. Other factors include the added ingredients in items. Here are some considerations we take into account when determining our CBD prices.

Farming Practices

hemp products

Hemp will grow pretty much anywhere, and until very recently it was still prohibited to grow in the U.S. Because of this, many hemp CBD products available today come from hemp plants grown overseas (typically Europe and China). The problem with this is that hemp absorbs whatever is present in the soil it’s cultivated in, a process known as phytoremediation. In fact, hemp is so adept at removing toxins from soil that it was planted around the Chernobyl nuclear disaster site to do just that.

Quality, state-of-the-art, sustainable hemp farming is key for high-quality CBD products. At Joy Organics, for example, every product we create goes through a process that begins with hemp grown in nutrient-rich soil using natural growing practices without pesticides or harsh chemicals. Not only does this enhance the quality of our product, but it also ensures that our products are safer than those you might find elsewhere.

Extraction Costs

Extracting premium hemp extract requires expensive equipment. We must be able to isolate microscopic cannabinoids and preserve them so that they remain potent and bioavailable.

Our experts use CO2 extraction to maintain the integrity of as many phytocannabinoids and terpenes as possible. Then, we remove any traces of THC from the formula.

hemp plants drying in warehouse

During this process, we also use nanoemulsion technology to make the smallest CBD particles on the market. While costly, this measure ensures the highest bioavailability of CBD in the market.

The effectiveness of Joy Organics’ products and our low CBD oil price per pound is what makes us an excellent supplier for people looking to start a white label program. We offer dropshipping for small SKU orders and low minimums. Plus, our fulfillment program allows us to keep an inventory for your online shop without having to hold onto the stock yourself!

Third-Party Lab Test Results

Companies that offer third-party testing do so for a few reasons. For one, it ensures that you, the consumer, are getting the high-quality product you deserve. For another, it offers complete transparency. With readily-available third-party lab results, you know the company is offering what they claim.

Woman holding Joy Organics CBD Energy Drink Mix box on her head

It costs money to test products in an independent lab. Until CBD is regulated and you know what you’re getting each and every time you purchase CBD, the cost of third-party testing is going to be passed on to the consumer.

We’re proud to say we offer third-party lab results on each and every batch of CBD we use to create our products. You’ll find them easily accessible next to each item in our catalog.

Ingredients

Another factor is the ingredients. For instance, Joy Organics’ CBD Softgels are cheaper than Joy Organics’ CBD Softgels with Curcumin or Joy Organics’ CBD Softgels with Melatonin . That’s because we must make up for the cost of the added ingredients.

Who Has the Best Cannabis Oil Prices?

There are so many factors that go into determining CBD oil cost. If you’re looking for a fast-acting, highly bioavailable CBD product at an affordable price, try Joy Organics’ CBD Tinctures . Our premium tinctures come in Natural, Tranquil Mint, Orange Bliss, and Summer Lemon.

row of Joy Organics CBD tinctures

You can’t go wrong with $0.09/mg cost per bottle. Joy Organics’ CBD Tinctures are an affordable way to try out CBD and experience the difference firsthand!

If you’re a business owner looking for the best CBD oil price per pound, consider joining our wholesale program. We have partnered with trusted CBD manufacturers to create our line of premium products. Now, we’re excited to share this success with you.

Reach out to our team of specialists to discuss our wholesale program today. We will assign you an expert to help you successfully build your brand from the ground up. Our CBD oil price comparison to other brands is extremely competitive.

Not only are our products more affordable in terms of CBD oil price per kilo, but they’re more effective. Our dedication to high-quality CBD products will foster consumer dedication to your brand.

Thanks for reading! To show how much we appreciate you, we’re going to give you 16% off your next order. Just use code READER16 at checkout!

Hannah Smith

Hannah Smith is Joy Organics Director of Communications. She is driven by her passion for providing clear and accessible wellness and CBD education. In 2015, she received her BA in Media, Culture and the Arts from The King’s College in New York City and before Joy Organics, worked as writer and photographer in the Middle East and North Africa. Her work has been featured on Forbes, Vice, Vox, Denver Post, and the Coloradoan.

If you've done research, you've probably noticed the price of CBD isn't exactly consistent. So how much does CBD oil cost? Joy Organics offers advice.