How Much Does CBD Oil Cost? 6 Factors That Affect Hemp Prices

CBD oils have become increasingly popular over the years. You can find them in several big-box retailers, corner stores, dispensaries, and health food shops across the United States.

The best deals for CBD oils are online when you order directly from the manufacturer.

So how much does a bottle of CBD oil actually cost? How do I know if I’m paying too much?

In this article, we’ll break all of this down in more detail.

How Much Does CBD Oil Cost?

The price of CBD oils can range between $0.05 to $0.30 for every milligram of CBD. An ounce (standard US bottle size) of oil can cost you $35 to $300.

The average bottle of CBD oil costs around 11 cents for every milligram of CBD. At a standard 20 mg, this works out to around $2.20 per dose.

The more CBD oil you buy, the cheaper it becomes. If you order in bulk, the cost can be as low as 7 cents per milligram, which brings the cost of an average dose down to just $1.40.

Factors That Affect the Cost of a CBD Oil

CBD oils come with different price tags depending upon the plants’ cultivation to extract and prepare the CBD oils.

It also depends on the quality, purity, concentration, spectrum of cannabinoids, techniques, and processes used to prepare and manufacture the oils.

1. Where was the Hemp Sourced?

The best CBD oil comes from organic hemp farms right here in the United States.

Healthy and contaminant-free strains are the best kinds. The origin matters a great deal as this depends on the organic nature, purity, and potency of the oils. The US’s top manufacturing companies either grow the plants on their own land or source them from other farms.

For example, some hemp plants grown in China or India have been shown to contain heavy metals hazardous to the consumer’s health.

On the other hand, the US manufacturers’ organic CBD oils go through stringent testing in compliance with the authorities’ regulations and standards.

With the passing of the farm bill in the United States, it is now legal to grow hemp following the authorities’ standards. The sourcing of natural and organically grown hemp is more expensive than the others in the market.

2. In-House CBD Oil vs. White Labelling

Some manufacturers grow the cannabis and hemp plants on their own fields, extract and produce the CBD oils in-house. Others resort to sourcing the ingredients for larger manufacturers to prepare the products for them.

This is known as “white labeling.” The end product CBD oils are then marketed and shipped to customers. It can cost up to $25,000 to $30,000 to launch, and between $15 and $100 per bottle of oil.

3. Full-Spectrum vs. CBD Isolate Oils

Generally, most manufacturers retain the full-spectrum extract — these are rich in terpenes and various other plant compounds (including some THC). Preserving the original contents of the strains takes a lot of time, labor, effort, and the use of the right techniques and technology.

4. The Potency of the Oil

The potency is of prime importance when it comes to CBD oils.

Before you go scrambling to purchase those products with lower CBD potency in the hopes that it would save some cash, think again, you’ll actually end up spending more.

Here’s why.

When low potency CBD oils are used, it won’t be as effective as the higher potent ones. You will end up having to buy more products to recover and obtain the desired outcome. What makes the potent CBD oils special is that they last longer, and you only need a small amount with each dose.

Curious about how CBD potency is determined?

The potency of CBD is determined by checking the presence of the cannabinoid content along with tetrahydrocannabinol, phytocannabinoids, cannabigerol, cannabidiol, and tetrahydrocannabivarin. Generally, the potency tests are carried out using UV detectors for the chromatography process that studies the mass traces of the cannabinoids.

These tests tell us how much CBD is in the bottle. From here, you can find the potency by dividing the total CBD content by the volume of the bottle.

For example, a 1000 mg CBD oil with 30 mL of oil has a potency of around 33 mg/mL.

5. Presence Of Premium Ingredients In The CBD Oils

CBD oil extracts from the best hemp companies contain other ingredients to help guide the effects of CBD.

The inclusion of additional ingredients or other natural flavorings in the CBD oils boosts the taste, consistency, and health benefits — but it also makes the product more expensive.

You can expect to find coconut oil, MCT oil, olive, almond oils, or raw hemp seed oils in the products.

6. Third-Party Lab Testing

CBD oil extracts and all the hemp products in the United States should be sent to a third-party lab for testing. This guarantees the purity, potency, and reliability of the CBD oil you’re using. It doesn’t matter if you get them on e-commerce websites or at the store, always check if the products are thoroughly tested for potency, purity, and to check for any potential contamination.

Some manufacturers and producers have their own laboratories with state of the art testing facilities and equipment.

However, setting up the testing laboratory with the necessary equipment can be quite expensive. In contrast, other manufacturers have to send it to the third-party labs to test the CBD oils and other related products they prepare. Detailed and in-depth testing of the products is costly, ultimately leading to higher price tags for the end product.

The CBD oils’ laboratory testing cannot be skipped as it ensures clean and pure extracts, quality, potency, safety, and transparency in the manufacturing process.

Key Takeaways: Is CBD Oil Worth The Money?

CBD oils are a popular remedy for a variety of health conditions. Many people prefer to use this natural supplement instead of over the counter medications.

On average, a single milligram of CBD oil costs 11 cents, and the normal recommended dose for adults is about 20 mg. This will cost you roughly about $2.50 for each dose, making it a lot cheaper than purchasing meds from a pharmaceutical with price tags of up to several dollars per tablet.

This is just an estimate — the cost of CBD oils can vary a lot depending on the quality of the hemp, the potency of the oil, and the inclusion of other premium ingredients or extracts.

When shopping for CBD, it helps to calculate the cost per mg of the oil you’re looking at and consider the company’s reputation, the potency of the oil, and other factors mentioned above to ensure you’re getting the best deal possible.