“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.”
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 the individual items. If a bottle of capsules says that each capsule contains 30mg of CBD and there are 30 capsules in the bottle, that would be 900 total mg of CBD. Knowing the total number of milligrams of CBD in a package, whether it’s chocolate or tincture, can help you better compare costs across CBD products.
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.
Flannery noted 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.”
According to Katie Stem of Peak Extracts, a cannabis and CBD 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 mg CBD. 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.
A bottle of CBD oil costs $150, and it contains 3,000 mg total CBD. This gives you Divide the price of CBD oil by its total mg to determine the cost per milligram..05 per mg.
There are many different CBD oil products with varying ratios of cannabinoids, and even custom products made through a compounding process, read more here!. Talk to your doctor or a health professional to find the best ratio for you.
The cost of medical CBD oil per day, week or month
In this example, we will take a quick look at the estimated cost of a larger 60ml bottle of CBD oil.
Talking with your doctor may reveal that you have been prescribed CBD oil at 100mg/ml. Each bottle contains 30mls. While the product and dosage might change, the calculation remains the same.
Please let us know your thoughts on the price of CBD oil in Australia! How much does it cost you every day or each week?
SANTA CRUZ, Calif. (PRWEB) October 05, 2020
Here is a summary of our key findings. To read the full report and watch the video, see the link below.
CBD Examine analyzed the prices of 856 CBD oils from 263 companies to answer the question, "Are you paying too much for CBD?"
- The average cost per milligram of CBD in 2020 is Cost per mg of CBD; 856 CBD Oils.099 (about 10 cents).
- Full-spectrum products (products with CBD, THC, and other cannabinoids) are the most expensive, with an average CBD cost per milligram of About CBD Examine: CBD Examine shows consumers what’s inside their CBD products. Our independent lab reports empower consumers with the cannabinoid levels, accuracy, honesty, and value of their CBD products..104.
- Broad-spectrum products (products with CBD, other cannabinoids, and NO THC) have an average CBD cost per milligram of .097.
- Pure CBD products (CBD isolate, NO THC, and NO other cannabinoids) are cheaper, averaging .075 per milligram of CBD.