How Much Is a Gram of CBD Oil?
CBD is mostly derived from hemp or marijuana. Generally, it is grown for industrial fiber and several other uses. Marijuana that contains some amount of CBD is grown for both holistic or recreational purposes. Whether it is extracted from marijuana or Hemp, the distinctions aren’t relevant all the time. CBD (Cannabidiol) oil has become one of the most talked-about wellness products in recent years. There have been a good number of CBD products seen in nail salons, spas, and wellness stores in the United States. CBD is derived from Hemp which was formerly illegal in the country. However, the Farm Bill which was passed in 2018 has made CBD derived from Hemp legal to produce in the United States. Hence, we are not surprised that CBD oil has become so common in the country. For newcomers to CBD, knowing the actual price of CBD oil might be a cause for concern. So, exactly how much is a gram of CBD oil?
The Price of CBD Oil
A bottle of CBD oil (which can be an ounce or 30 milliliters in size) could cost between $30 to $200. The question is why is something so small that expensive? How many variations are out there? Why are there discrepancies? How much does a Gram of CBD oil cost? CBD price can be expensive due to the many added costs during its production. Besides, there are many formulas out there. Another consideration is that the potency of a bottle of CBD oil can affect its price no matter its size.
The price of CBD per gram (as a commodity) can range from $3 to $15. Per milligram, it can be a fraction of 1 cent to 1.5 cents. Hence, a bottle of CBD (1,000-milligram) could contain CBD worth $3 to $25. Although, this may not account for the cost of production, materials, and labor involved. The production work is mostly done in-house. Some producers turn to white labeling. Meaning, these CBD companies have to ship their products. In such a case the product can cost as much as $25,000 to launch. Meanwhile, per-unit it could cost $2.50 or $12.50 for the CBD product.
Why Is The Price So High?
When you examine the costs involved from production, labor, materials, packaging, and labels, as well as potency, marketing, and shipping you’ll agree that this is a reasonable price to pay for CBD products. When trying to determine if a CBD product is worth it, go to the source material. Check if it is grown organically. Is it homegrown? Check for COA (certificates of analysis) issued by a licensed potency and safety testing laboratory. These are all indicators of a quality product.
When you examine the costs involved in the production of CBD oil including the labor and the materials used, the packaging, and labels, as well as the potency of the product, plus marketing, and shipping, you’ll agree that the price of CBD products being high is reasonable. Finally, to determine if a CBD product is worth the amount it is sold for, go to the source material and check if it is grown organically or if it is homegrown. You must check the potency as well and other considerations stated above.