While CBD gummies, oil, capsules, and edibles continue to grow in popularity, new brands keep entering the market. Due to the intense competition, CBD oil prices vary considerably. Sometimes, different brands sell identical quality products for different prices.
Typically, brands that already established a good name in the industry increase their prices. It is all about the trust factor, due to which CBD enthusiasts are willing to pay higher. However, new buyers are often hesitant.
In this article, we will teach you how to figure out whether you are overpaying for CBD oil.
CBD Oil Prices in the US
Like we mentioned earlier, the price of Cannabidiol products greatly varies from brand to brand. If you visit our CBD store, Buy CBD, you will notice the same variation. That is because we sell products from a wide range of top CBD brands.
Generally, you can expect to pay as little as $10 and as high as $100 (or probably higher in the case of some luxury brands). CBD oils lie on a wide spectrum, and hence, their price depends on many different factors.
For instance, oils that are sourced from the best sources are usually expensive. That is because only a limited number of units can be produced. Similarly, brands that maintain high production standards also charge a higher price. After all, they must cover the higher costs of good quality control.
Are You Overpaying for CBD Oil?
Many new CBD brands try to overcharge new buyers. They take advantage of the fact that new buyers often lack the necessary information. Typically, people who set out to buy CBD oils without doing any research, end up falling for such traps.
This is one of the biggest reasons why we always suggest buyers do proper research before buying CBD oil. Our CBD blog is full of resources that can help you in this regard.
Brands usually set their CBD oil prices on a per gram (or milligram) basis. For instance, on the lowest end, you can find CBD oil that costs as little as 5 cents per milligram. So, a 500 milligrams bottle would cost only $25. Though, do not expect such lowly priced products to have a high quality.
On the higher end, the price can go up to 20 cents per milligram. In that case, a 500 milligrams bottle of CBD oil would cost you $100. As you can see, a considerable difference exists between $25 and $100. Some luxury brands may even go higher up to $200 per 500 milligrams of CBD oil.
Based on this information, you can quickly figure out whether you are overpaying for CBD oil. If all you want is some decent-quality CBD oil, expect to pay around 10 cents per milligram (approximately). In that case, a 500 milligrams bottle will cost you $50.
What Affects CBD Oil Prices?
CBD oil prices are generally affected by the following factors:
Origin of Hemp
The origin of the base components matters a lot. For instance, industrialhemp that grows organically costs more as it is expensive to grow. On the other hand, mass-produced hemp is far cheaper yet has low quality.
Some brands get their products tested from third-party laboratories. This helps in increasing the trust factor, and of course, the cost of the CBD oil. CBD enthusiasts are generally willing to pay higher for lab-tested products because it gives them a sense of assurance.
CBD oil can be produced via multiple production methods. Each method has its own pros and cons. While some methods are more expensive, they yield higher-quality CBD oils. Brands that utilize such methods, of course, charge a higher price.
Eventually, some brands offer lucrative discounts while others do not. At the end of the day, discounted deals and promotional offers can significantly reduce the price the CBD oil prices for you. So, always stay on the lookout for such offers.
Now, you already know what factors affect the CBD oil prices and how to figure out whether you are overpaying for any brand. The next step would be to put all this knowledge to test and to buy yourself some high-quality CBD oil for a good price.
Just head to our store, Buy CBD and scroll through our CBD concentrates category. Here, you can find plenty of liquid CBD products that might interest you. For every order that crosses the $100 mark in total, we offer free shipping, which may further reduce the costs for you.