Among the different types of hemp-derived health and wellness products, CBD oil is the most popular one. This is due to the ease with which it can be used, i.e. it can be consumed orally, added into edibles and beverages, used as the active ingredient in topical products, and so on. Because of this, it has a high demand among cannabidiol users. So, cannabidiol manufacturers are introducing different variants of high-grade hemp CBD oil with varying prices. In this article, we will investigate various factors that influence the price of CBD oil; read on to know more about them.
The Price Of CBD Oil
CBD oil prices range from $9.99 to over $400, and this depends mainly on their quality. Some of the important factors that influence this are strength, formula, and quantity.
The Importance Of CBD Oil Quality
You must know that not all CBD oils are made equal, and this is because the cannabidiol market is highly unregulated. There are no standards for manufacturing and labeling cannabidiol (CBD) products. So, you must keep this in mind when buying cannabidiol health and wellness products.
The Reason For Some CBD Oils Being Very Expensive
Making CBD oil involves growing hemp plants, extracting CBD oil from the plant parts, and laboratory testing of the oil. This whole process is resource-intensive and expensive, and hence high-grade hemp CBD oil is expensive. You must know that a high-quality product gives maximum benefits and thereby improves the quality of life if consumed as a health supplement. To ensure quality, cannabidiol manufacturers pay special attention to the source of hemp extracts, extraction technology used, and invest in accredited third-party lab testing facilities.
Factors Influencing The Cost Of CBD Oil
Calculating Cost Per Milligram Of CBD
The most important factor that you must consider when buying CBD oil is the cost per milligram of cannabidiol (CBD). This can be anywhere between $0.04 to over $3.00 per mg of CBD. So, first, use this metric when comparing CBD oils of different brands with varying prices.
The Source Of Hemp Extract
The geographic location where the hemp plant is cultivated affects the quality of the CBD oil. It is better to buy cannabidiol products made using hemp extracts sourced from the US. This can lower the average price of high-grade hemp CBD oil.
CO2 extraction is the method used by reputed CBD oil manufacturers as it ensures a high-quality product. Typically, carbon dioxide extracted CBD oils are more expensive than those obtained through other extraction methods.
These are the important factors that determine the price of hemp-derived CBD oil.