How Much Does CBD Cost?
How Much Does CBD Cost?
“How much does CBD cost?”
It’s a simple question, with a not-so-simple answer. CBD products can cost $9.99, or they can cost over $400. There are different sizes, strengths, and product types to consider. Each one of these can make it difficult to discern whether you’re paying too much, too little, or just the right amount.
Part of what makes CBD pricing so enigmatic is that it’s an emerging industry, so the standards are just being established. Most companies sell 30ml tinctures, for example, but others will offer 15ml and 60ml sizes as well. Plus, because CBD is trending at the moment, pricing is at its peak.
However, all is not lost. With one simple calculation, you can determine the cost of a CBD oil, and assess its comparative value in the market. The calculation we’re talking about cost per milligram. Ultimately, this is the figure that matters when it comes to buying CBD oils. You can forget about the size, the extra ingredients, and the product types. All you really need to know is how much CBD you’re getting for the price.
Using that metric, CBD can cost anywhere from $0.04 to over $3.00 per mg. But, that range narrows by product and by brand.
Below, we break down the average costs of each type of CBD product. Before we get into that, however, we describe the various factors that can impact the cost of CBD oil.
Factors that impact the cost of CBD oil
As you might expect, the quality of a CBD oil often impacts the overall cost. But what makes a quality CBD oil? It comes down to four key things: the potency of the oil, the extraction method the brand uses, where they source their hemp, and whether they partner with third-party labs for testing and quality assurance.
The potency, or strength, of a CBD oil describes the amount of CBD it contains, in milligrams. The more potent a CBD oil is, the more effective it may be in treating severe symptoms. But, ultimately, you want to choose a CBD oil based on your dosage needs. For instance, someone with taking CBD for general wellness may do fine with a 150mg tincture, while someone with a chronic health condition may find a 1500mg or 3000mg tincture more effective.
Sometimes, a manufacturer may charge a lower cost per mg for a higher strength CBD oil, since they’ll make more money overall, thanks to the higher amount of CBD it contains. If you require a lower dose, buying a higher strength oil can be a strategic way to save on cost per mg. Just make sure you reduce the amount you consume accordingly (i.e. you can take fewer drops to meet your dose).
CBD can be extracted from the hemp plant in a variety of ways. The most common methods include CO2 extraction, steam distillation, natural solvent extraction (usually using ethanol), or hydrocarbon extraction.
CO2 extraction is considered the most efficient for extracting high concentrations of CBD (and thereby producing a higher-quality oil). As such, CO2-extracted oils are typically more expensive than those extracted using steam distillation or natural solvent extraction (although both of these methods are good, safe options).
The main method to avoid here is hydrocarbon extraction, as there’s a risk of toxic residue being present in the final hemp extract. In other words, CBD oils produced using hydrocarbon extraction may be cheaper, but they’re also less safe—and potentially dangerous.
The type of hemp a CBD oil is extracted from is a mark of quality as much as the extraction method is. The best CBD oils come from hemp that is organic, pesticide-free, and non-GMO. Of course, it is more expensive to use organic hemp, so these products may be more expensive.
Also, if the company adds other ingredients to their oils, and those are likewise organic or natural, you can expect that to drive up the price as well.
Some brands manage to lower their production costs by using organic hemp sourced from European farms, as opposed to American ones.
Reputable CBD brands interested in selling safe, high-quality CBD oils use an unbiased, third-party lab to test their products for safety and potency. The cost of testing oils often drives up the price, but it’s important.
If a brand doesn’t partner with a third-party lab to assess their oils, be wary. The cheaper price may not be worth it.
What else can impact the cost of CBD oil?
Besides quality, brand positioning also determines how a CBD brand chooses to price their products. Some CBD brands have positioned themselves as premium, top-of-the-line brands, with perks like all-organic ingredients, customer loyalty programs, subscription pricing, and more. Others have chosen to focus on differentiating themselves by offering good-quality oils for the most affordable price around.
Finally, where you buy the CBD oil can affect the cost. You’ll typically enjoy the cheapest price available for a CBD brand when you purchase it directly from the company’s website. Buying direct may also present additional discounts like free shipping offers or an online promotion.
If a CBD brand makes their products available through retail locations, it’s possible you’ll enjoy the same price as buying online—without the potential cost of shipping. It just depends if the store adds any markup to the suggested retail price (which they often do).
Now, on to the pricing!
How much does CBD oil cost?
Good CBD oil tinctures cost $0.09 to $0.17 on average, with $0.05 to $0.08 on the low end, and premium oils costing upwards of $0.20 or even $0.30 per mg. Typically, a higher potency oil will cost less per mg than a lower potency (although the bottle itself will cost more in total). For example, a 300mg tincture may cost $30 to $120, while a 1500mg tincture may cost $100 to $250.
How much does CBD isolate cost?
CBD isolate contains 99% CBD and no THC whatsoever. Usually, when people talk about CBD isolate, they’re referring to the powdery, crystalline isolate form of CBD, which can be mixed in with food or drink, bespoke CBD oils, or other CBD products like a vape cartridge. CBD isolate often has the lowest cost per mg of all CBD products, because it comes in such a highly concentrated from. For example, a 1g container (or 1000mg) may cost $0.02 to $0.05 per mg, or $20 to $50.
How much do CBD capsules cost?
CBD capsules come in a variety of strengths (5mg, 10mg, 15mg, 20mg, 25mg, and 50mg), and in 30- or 60-count bottles. Often, the higher the potency, and the larger the bottle, the lower the price per mg. Generally, CBD capsules cost $0.09 to $0.13 per mg, with costs per mg as low as $0.04 and as high as $0.20. On average, a 30-count bottle of 15mg CBD capsules may cost $45 to $60, while a 30-count bottle of 25mg CBD capsules may cost $65 to $90.
How much do CBD gummies cost?
CBD gummies usually include anywhere from 10mg to 25mg of CBD, and cost between $0.09 to $0.20 per mg, with higher potencies and larger bottle sizes costing less per mg. The most common option is a 30-count bottle, although some brands will offer larger bottles for a lower cost per mg. For example, a 60-count bottle of 25mg gummies may cost $135 ($0.09 per mg), while a 30-count bottle of 10mg gummies may cost $45 ($0.15 per mg).
How much do CBD vape oils cost?
CBD vape oils is a catch-all term for multiple types of CBD vape products: standalone vape cartridges, vape e-liquids (which can be added to an existing cartridge), or disposable vape pens. Since they’re designed for one-time use, disposable vape pens claim the highest cost per mg of the three. For example, a 125mg disposable vape pen may cost $30 (or $0.24 per mg). CBD vape cartridges and e-liquids usually contain higher amounts of CBD (and include a larger selection of potencies). These cost less per mg, around $0.08 to $0.20 per mg, so a 4000mg e-liquid may cost $320 ($0.08 per mg) while a 300mg e-liquid might cost $60 ($0.20 per mg).
How much do CBD topicals cost?
CBD topicals include salves, creams, and gels typically designed to provide topical pain relief. These cost anywhere from $0.07 to $0.10 per mg on the low end, as much as $0.24 to $0.36 on the high end, with the average CBD topical costing around $0.12 to $0.19 per mg. These come in a range of sizes, from 1oz to 4oz tubs, and may contain anywhere from 50mg to 800mg of CBD per container. Usually, you can save more by buying a larger tub.
How much do CBD bath bombs cost?
CBD bath bombs contain anywhere from 25mg to 100mg of CBD. Designed for one-time use, these have a higher cost per mg, at $0.10 to $0.60 per mg. Each CBD bath bomb may cost $10 to $15, although you’ll find premium options as expensive as $30.
How much does CBD skincare cost?
CBD skincare products covers a wide range of products. Because of this, and the fact that skincare often includes other, premium ingredients, these are the most expensive CBD products out there. The cost varies widely, from around $0.30 to over $3.00 per mg. For example:
- CBD lip balms may include 15mg or 20mg of CBD, and cost $8 to $20 each ($0.40 to $1.00 per mg),
- CBD body butters may include 300mg to 1500mg of CBD in a 3 or 4oz tub, and run from $0.11 to $0.20 per mg (prices will be higher for products that include UV protection).
- CBD skin serum, haircare, and other specialty creams and masks cost the most, from $0.30 to over $2.00 per mg for a 30ml or 2oz container.
How much do CBD pet oils cost?
As a specialty product, CBD pet oils can be more expensive than those designed for humans, but not always. Typically, quality CBD pet oils range from $0.05 to $0.10 per mg on the low end, to $0.20 to $0.30 per mg on the high end, with lower-potency tinctures costing more. For example, a 150mg tincture (ideal for cats and small breeds) may run you $15 to $40, while a 750mg tincture (best for larger breeds) may cost $35 to over $100.
Besides tinctures, you can also buy CBD capsules and treats for your pet. These pack in anywhere from 5mg to 25mg of CBD per chew, and may cost $0.08 to $0.15 per mg. So, a 10-pack of 20mg dog treats may cost around $20 to $30.
Learn how much CBD costs. We reveal the average pricing for CBD oils, isolates capsules, gummies, vapes, topicals, bath bombs, skincare, and pet products.
How much does CBD oil cost?
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- How much does CBD oil cost the consumer?
- What are the different types of CBD?
- Is CBD oil lab tested?
- How do you read the labels on CBD?
- Will CBD ever cost less?
Cannabidiol (CBD) oil is one of the hottest wellness trends of 2019, with products popping up in nail salons, spas, big-box retailers, and health stores throughout the U.S.
Though once illegal, the 2018 Farm Bill made industrial hemp,and thus hemp-derived CBD, legal to produce in all 50 states. And now CBD oil is popping up in such unlikely places as Bed, Bath, and Beyond.
But for curious newcomers to CBD, the price might be raising some eyebrows. A 1 ounce, or 30 milliliter, bottle of CBD oil could cost anywhere from $30 to more than $200, leaving many wondering how something so small can cost so much and vary so widely. What accounts for the discrepancies and, perhaps most importantly, how much does CBD oil really cost?
Well, that’s complicated. CBD can be expensive to produce with plenty of added costs and there are multiple formulas available. Plus, the potency of a bottle can greatly affect the price, even if it’s the same size as a cheaper bottle with less CBD overall. Here’s a primer to the different types of CBD and how much you should expect to spend.
How much does CBD oil cost the consumer?
According to Katie Stem of Peak Extracts, a cannabis product manufacturer, CBD as a bulk commodity ranges from $3 to $15 per gram, or a fraction of a cent to 1.5 cents per milligram. This could mean that a 1,000-milligram bottle of CBD tincture could contain $3 to $25 worth of CBD, but that wouldn’t account for production costs, materials, or labor.
Some companies might do all the production work in-house, but many CBD companies turn to “white labeling,” which is when a larger manufacturer makes their products for them. The CBD companies then must market and ship their products. Stem says this can cost around $25,000 to launch, plus a per-unit cost between $2.50 and $12.50.
Full-spectrum, or whole plant CBD, will contain trace amounts of THC and all compounds originally contained in the plant, such as terpenes. Photo by: Gina Coleman/Weedmaps
“Long story short, the range is so broad, it’s hard to make a general statement about what is a ‘reasonable’ price to pay for a CBD product,” Stem said. “That said, when examining a cost analysis from a production perspective, you look at labor, materials, packaging, labels, potency/purity testing, marketing, and shipping/distribution.
“In most other industries, the labor, materials, and profit are often divided into three equal portions. Given the exposure to this industry with regard to legal, regulatory, and testing standards, it stands to reason that the profit margin must be higher to accommodate potential risk. The markup may be closer to 400% rather than the 40% seen in many other packaged goods.”
There may also be significant markups on the retail side, as cannabis dispensaries are not allowed write-offs on their business expenses per Section 280E of the Internal Revenue Code.
Stem said that when she is personally trying to decide if a CBD product is a good deal, she goes straight to the source material. Is it grown organically? Is it grown domestically? She also looks for readily available certificates of analysis (COA), which must be issued by a licensed laboratory that tests for potency and safety.
Stem said that those products will probably cost at least $50 to $60 per 1,000-milligram bottle, which comes out to 5 cents per milligram or more.
However, for most brands Weedmaps News looked at, 5 cents seemed to be the low end, while the majority cost between 10 to 15 cents per milligram of CBD and rarely exceeded 20 cents per milligram.
A few examples, using prices found in Los Angeles:
- Ignite’s Lavender CBD Drops, 1,000 milligrams of CBD. Priced at $60, or about 6 cents per milligram.
- Topikal CBD’s Sublingual CBD Oil, 1,500 milligrams of CBD. Priced at $140, or about 9 cents per milligram.
- Icon Extracts’ CBD Tincture, 500 milligrams of CBD. Priced at $45, or about 9 cents per milligram.
- Smashed’s Homies Anxiety + CBD Capsules, 400 milligrams of CBD. Priced at $40, or about 10 cents per milligram.
- Ignite’s Lavender CBD Drops, 1,000 milligrams of CBD. Priced at $60, or about 6 cents per milligram.
- El Gallo Star Anise CBD, 500 milligrams of CBD. Priced at $70, or about 14 cents per milligram.
What are the different types of CBD?
CBD can be derived from either hemp or marijuana. Legally speaking, hemp in the United States must contain less than 0.3% THC; it is generally grown for industrial fiber and other uses. Marijuana may have various amounts of CBD and THC and is typically grown for medicinal or recreational purposes. Broadly speaking, whether CBD is extracted from hemp or marijuana, the distinctions aren’t always relevant.
CBD can be derived from either hemp or marijuana. Photo by: Gina Coleman/Weedmaps
“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 difference might be more relevant when comparing whole plant CBD, which can be full-spectrum or broad-spectrum, with isolate CBD. The latter results from extracting the CBD compound in its pure form, minus other cannabinoid compounds such as terpenes, which may provide flavors, aromas, or enhanced physiological or cerebral effects.
Full-spectrum, or whole plant CBD, will contain THC and all of the compounds originally contained in the plant, such as terpenes. Broad-spectrum hemp is similar to full spectrum, except that the THC is removed.
An ongoing debate in the CBD oil industry currently focuses on whether THC or other compounds are useful. Researchers have identified a synergistic interaction between the plant’s various compounds known as the ensemble effect or entourage effect. That’s one reason some may seek out full- or broad-spectrum CBD, but there are various reasons why a person might prefer one over the other. If, for instance, you dislike the smell and/or taste of cannabis or want to avoid THC entirely, you might choose to stick to isolate.
Flannery notes that “cannabis tends to be a little more resinous, so the entourage effect and ensemble effect that you would be able to achieve [by] including some of those other cannabinoids is more profound. But if you’re just consuming an isolate product, it does not matter [which plant] it comes from.”
Many medical marijuana and CBD isolate consumers prefer an edible such as a gummy to receive their dose of cannabinoids. Photo by: Gina Coleman/Weedmaps
Whether you end up purchasing hemp-derived or marijuana-derived CBD might actually depend more on where you live than preference. With the passage of the Farm Bill, hemp-derived CBD is legal throughout the U.S., while cannabis-derived CBD will be available only to consumers in adult-use states or to patients in states that allow medical cannabis. Cannabis-derived CBD is likely to cost a bit more because hemp is less costly to produce.
Is CBD oil lab tested?
Third-party lab testing ensures a product is safe and correctly measured. A licensed lab will make sure a product’s potency is accurate, meaning you’re actually getting the amount of CBD or THC you’re paying for, or alternatively, that the THC content is zero for those who want to avoid any possible intoxicating effects or drug-testing surprises. These tests also will analyze moisture content and screen for pesticides, mold, fungus, and residual solvents — chemicals that may remain after the extraction process.
Third-party lab testing ensures a product is safe and correctly measured. Photo by: Gina Coleman/Weedmaps
How do you know you’re getting a lab-tested product? If a company lists its certificates of analysis on its website and packaging, shoppers can usually be assured the product has been lab tested.
“If you are a cannabis consumer and you go to a licensed retailer, you are close to 100% certain that all of that product has been tested by a third-party lab and it passed very stringent restrictions and regulations,” Flannery said.
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.
“If you’re a large farm, that’s a lot of testing,” Flannery said. “I know some groups who are spending in the seven-figure range on testing on an annual basis.”
All of these costs are shouldered by the manufacturer and ultimately raise the prices overall.
How do you read the labels on CBD?
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.
The label will also tell you how many milligrams of CBD the product contains. This number may be the total amount or how many milligrams are in each serving.
Topicals and oils usually list the total amount of CBD. Balms, lotions, and other topicals are products you’re likely rubbing into your skin and therefore, you might not be concerned about measuring out a particular dosage.
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.
If your product is an edible — chocolate, candy, etc. — or capsule, you may find that the package lists how many milligrams of CBD are in individual items. If a bottle of capsules says that each capsule contains 30 milligrams of CBD and there are 30 capsules in the bottle, that would be 900 total milligrams of CBD.
CBD oil usually comes with a dropper to allow consumers and patients to measure out their dose. Photo by: Gina Coleman/Weedmaps
If the product contains THC, the label will tell you that as well. It may tell you the ratio of THC to CBD, such as 18:1, which would be a particularly THC-rich product, or 1:1, which would be more balanced.
The package will also specify whether the product contains full-spectrum, whole plant, or isolate CBD, as previously mentioned. And, like any other product, the label will list what else is in it (coconut or medium-chain triglyceride oil derived from coconuts are common carrier oils), where it was made, and how it ought to be stored.
Will CBD ever cost less?
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.
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.
“CBD is never going to be, in my opinion, as cheap as any off-the-shelf pharmaceutical or herbal supplements, but prices are still going to be going down,” Flannery said. That cost savings may come about, he said, when lawmakers begin to understand that cannabis is not, “the devil’s lettuce we were told it was.”
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