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
“In most other industries, the labor, materials, and profit are often divided into three equal portions,” Stem said. “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.”
Third-party lab testing ensures a product is safe and correctly measured. Photo by: Gina Coleman/Weedmaps
Some companies might do all the production work in-house, but many CBD companies use a larger manufacturer for production. The CBD companies then must market and ship their products. Stem said this can cost around $25,000 to launch, plus a per-unit cost between $2.50 and $12.50.
Testing can get pricey, especially in a state such as California, where regulations implemented in late 2018 increased testing costs 40% to 55% for some manufacturers, according to MJBizDaily. This can have an impact on how cost-effective the overall production process is, which in turn impacts the cost per milligram to the consumer. 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.
However, for most brands Weedmaps looked at, 5 cents seemed to be the low end, while the majority cost between 10 to 15 cents per mg of CBD and rarely exceeded 20 cents per mg.
But for curious newcomers, CBD oil cost might raise some eyebrows. A 1 ounce (30 milliliters) 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 why CBD prices vary so widely. What accounts for the discrepancies and, perhaps most importantly, how much does CBD oil really cost?
How much do CBD topicals and creams cost?
How much do CBD oil cartridges cost?
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.
CBD oil prices
How much does CBD flower cost?
CBD oil cartridges are one of the most cost-effective options. They can go for anywhere from Try to avoid gas stations, corner stores, smoke shops and websites that don’t appear to be credible. Many vape shops now stock a variety of premium CBD liquids, possibly even some tinctures and edibles. Pharmacies and health food stores are beginning to follow suit. Just make sure you are getting pure CBD oil and not hemp seed oil, learn the difference. Cannabis dispensaries also tend to carry full spectrum CBD oil, but most of them contain higher ratios of THC to CBD, which is known to produce psychoactive effects..09 to So if a bottle of CBD oil costs $29.99 and contains 250 mg of CBD (regardless of the size of the bottle), then that means you are paying roughly 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 CBD oil prices have started to become more competitive in recent years. With more up and coming brands popping up, this has fostered more competition and a wider range of CBD-based products including creams, capsules, gummies and others. People who never would have even considered it, are now talking about the potential benefits of CBD oil..20 to To learn more about bioavailability and calculating CBD doses, check out our full guide..30 per milligram. The average cost for a good CBD cream is around The best CBD products generally cost anywhere from The best way to compare CBD prices is to use the price per mg method. Don’t worry, it sounds a lot more complicated than it really is. You’ll only need to take into account two main variables: the total amount of CBD in milligrams, and the price. Simply divide the price by the amount of CBD in milligrams to determine the price per milligram. The number of milligrams on the label represents the total amount of CBD per bottle..02 to Price ÷ total mg CBD = price per mg
Example: $29.99 ÷ 250 mg = How much do CBD oil tinctures cost? .12 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..12 per mg of CBD. This can be applied to any CBD product as long as you have those two values. Keep in mind that vaping has the highest bioavailability of all the delivery methods. This means that even if you’re paying the same price per mg, your body is actually going to absorb more of it..18 per mg, and around How much does CBD vape juice cost? .12 per mg on average. They are easy to administer and come with higher bioavailability compared to tinctures and creams. (Keep in mind they do require a 510 thread battery in order to use it.)
The better CBD vape oils generally go for anywhere from Similar to CBD vape juice, CBD oil tinctures can range from The price of CBD can vary based on the type of product. We’ve done an analysis of the top brands across each of the different categories. You’ll notice that CBD vape juice and CBD tinctures tend to cost around the same price, with some level of variation. Cartridges, concentrates and CBD hemp are the most cost-effective option, whereas creams are the least, considering their higher cost per mg and lower bioavailability..4 per mg up to 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..20 cents. On average, the higher quality CBD oils generally go for around How much do CBD concentrates cost?.12 per mg..20 cents to as low as 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..07 per milligram of CBD. The average price for premium CBD e-liquid is typically around CBD concentrates are extremely cheap when you take into account the price per mg. The average price is generally going to be around Now that you know how to calculate the cost per milligram, it’s easier to compare prices. There are even some online shops like Direct CBD that conveniently display the price per mg next to all of their products, which saves a bit of time. If you’re looking for the best prices, be sure to use our coupon codes below for some of the top brands..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..10 per mg.