Crude CBD Oil: A Glimpse of the Future This weeks Hemp update recognizes the squeeze in the biomass market and what is driving the pricing index in August. In the past month, we have seen the USA How much should you be paying for CBD oil? In this guide we look at the average price of CBD and how to determine whether you're getting a good deal or not. Whether you’re stocking CBD products for your business or want to purchase hemp extract for personal use, CBD oil cost plays a significant role in the decision-making process. Unfortunately, CBD prices are all over the map, which makes choosing the right product difficult. CBD oil price is influenced by several factors
Crude CBD Oil: A Glimpse of the Future
This weeks Hemp update recognizes the squeeze in the biomass market and what is driving the pricing index in August. In the past month, we have seen the USA reserves of high quality hemp nearly disappear. We would expect to see the market prices continue to climb for biomass, but I am seeing a price ceiling forming around the $6.5 – $7.0 / % pt mark for two reasons.
The first reason is the importation of CBD . Raw materials are arriving from Canada, China and other countries to take advantage of arbitrage opportunities to make money. This is the future of the industry, with open borders and import export. Right now, the issues stem from quality control, and there are issues with out of country material. First, hemp is a soil remediator. In countries such as China where the soil quality is notoriously contaminated, this can result in terrible contamination in hemp material and oils derived from this material. Second, a warning, some companies are supplementing their manufacturing of CBD with out of country origin CBD due to the cost of raw materials to process.
The second factor holding prices steady is CBD Crude oil . Currently raw CBD Crude prices for a contract of 500 – 1000 kilos are hovering between $2,850 / $3,500 per kilo of CBD content for crude material that is 45%+. This is the first major sign of industrialization and a glimpse of the future of this agricultural industry. Because the supply of high quality plant material is dwindling, production costs for many labs who produce CBD isolate are rising. To create the same volume of raw crude CBD oil, you have to process four times as much 3% CBD material as 9% material! Many labs are not designed to the scale necessary to accommodate for the low quality hemp on the market. We are finding that purchasing raw crude CBD oil is now a viable alternative for labs to produce CBD distillate and Isolate.
The reason CBD Crude has become price competitive is the scale of the processors making this raw extract. When a processor can run 10,000 lbs of material of day, this saves money on labor and costly machine time. These businesses operate on a completely different scale than many labs producing higher level extractions. Ultimately this means that crude has become a more effective starting material than doing in house crude extraction from biomass.
My crystal ball says that our perception of what a large scale raw crude extraction is, will completely change in the next 18 months. With the farm bill on the cusp of legalization, we are going to see large contract processors who service the alcohol and agriculture industry enter the hemp market. This will make primary extractions obsolete for small businesses trying to compete in the new commodities market. I hope you enjoyed this weeks update, please leave questions or comments below.
If you’re looking for a consistent supplier of CBD Isolate at a fair price, check out the listing below:
CBD Oil Prices: Stop Overpaying for CBD
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.
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.
How much does CBD oil cost?
The best CBD products generally cost anywhere from $0.02 to $0.20 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.
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.
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.
How to calculate CBD prices
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.
Price ÷ total mg CBD = price per mg
Example: $29.99 ÷ 250 mg = $0.12 per mg
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 $0.12 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.
To learn more about bioavailability and calculating CBD doses, check out our full guide.
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.
CBD oil prices
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.
How much does CBD vape juice cost?
The better CBD vape oils generally go for anywhere from $0.20 cents to as low as $0.07 per milligram of CBD. The average price for premium CBD e-liquid is typically around $0.10 per mg.
How much do CBD oil tinctures cost?
Similar to CBD vape juice, CBD oil tinctures can range from $0.4 per mg up to $0.20 cents. On average, the higher quality CBD oils generally go for around $0.12 per mg.
How much do CBD topicals and creams cost?
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 $0.20 to $0.30 per milligram. The average cost for a good CBD cream is around $0.25 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.
How much do CBD oil cartridges cost?
CBD oil cartridges are one of the most cost-effective options. They can go for anywhere from $0.09 to $0.18 per mg, and around $0.12 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.)
How much do CBD concentrates cost?
CBD concentrates are extremely cheap when you take into account the price per mg. The average price is generally going to be around $0.05 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.
How much does CBD flower cost?
There are many legal cannabis strains available that are rich in full spectrum cannabidiol and within the legal THC limit. It can be vaporized, smoked, used for edibles or CBD oil extraction. They often contain up to 25% (or higher) of cannabinoid content, which is the equivalent to 250 mg per gram, or 875 mg per eighth! They generally go for around the same price as cannabis you would get from a dispensary, between $25 to $40 per eighth (3.5 grams), with the average price being $30. That comes out to about $0.03 per mg, if you get an eighth for $30 containing 25% total cannabinoid content.
How to get the best deals on CBD
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.
How Much Does CBD Oil Cost?
Whether you’re stocking CBD products for your business or want to purchase hemp extract for personal use, CBD oil cost plays a significant role in the decision-making process. Unfortunately, CBD prices are all over the map, which makes choosing the right product difficult. CBD oil price is influenced by several factors, including manufacturing, added ingredients and labor. Let’s discuss how much is CBD oil and compare cannabis oil prices to help you make the right decision for your personal or business needs.
How Much Does CBD Oil Cost?
If you’ve done a bit of research, you’ve probably noticed that CBD prices aren’t exactly consistent. They can fluctuate wildly from company to company, even when milligram (mg) for milligram they seem to be selling the exact same product.
There might be circumstances to explain this discrepancy. The company can be using high-absorption CBD or a proprietary blend to provide targeted relief. Another explanation could be greedy manufacturers hoping to exploit consumer naivety.
Before you research the unique features that might be jacking up CBD prices, you should have a baseline understanding of determining CBD oil cost in a visible, measurable way. You need to figure out cannabis oil prices down to the milligram.
How to Figure Out CBD Cost Per Milligram
Determining the price of CBD comes down to the number of milligrams of CBD you’re purchasing. When you buy CBD products for personal use, knowing the cost per milligram gives you the information necessary to figure out the price per serving.
As for business owners, knowing the price per milligram can help you figure out more complex equations, such as the CBD oil price per pound or CBD oil price per kilo.
On average, the CBD oil cost per milligram across the industry is around $0.05/milligram (low end) and $0.25/milligram (high end). You can determine how much is CBD oil with a simple mathematical equation.
The equation for determining CBD prices per milligram is:
Total CBD Oil Price / Total Milligrams = Cost per Milligram
For instance, Joy Organics’ 1000mg CBD Oil Tinctures sell for $99.95. That makes the CBD oil price around $0.10/mg. There are 15mg of CBD in one serving of these tinctures. Therefore, your CBD oil price per serving is $1.50.
How Much Is CBD Oil in Joy Organics’ Products?
Joy Organics’ premium 0.0% THC hemp extract is available in a wide variety of products that allow people to use CBD to support their healthy lifestyle in numerous ways. Each product is crafted with carefully selected ingredients that influence cannabis oil prices.
One of the most important aspects of vetting a new brand for personal use or finding a wholesale partner is to gauge your potential partner’s transparency. We are proud of the proprietary formula we’ve cultivated to make the highest bioavailable CBD products on the market. That’s why we work hard to make our CBD prices affordable for everyone.
Joy Organics CBD Oil Price Chart
In the spirit of transparency, here is our CBD oil price comparison between products. We included the cost per serving where applicable.
Items like CBD topicals are applied liberally. Therefore, it’s almost impossible to gauge a personal serving size of CBD.
If you’re interested in figuring out how much CBD oil is costing you in your personal topical purchases, take note of how many servings you used.
- Total mg in Product / # Servings Used = mg/Serving
- Your mg/Serving x Cost/mg Above = Your Cost/Serving
Using the CBD oil price chart above, you can figure out your personal CBD oil cost for customized servings.
How Much is CBD Oil Price Per Pound?
Figuring out CBD oil price per kilo or pound depends on how much you want to order and the products that work best for your business. Typically, savings on CBD oil prices when buying in bulk range between 50% to 60% off.
What Influences CBD Oil Price?
As you may have noted, CBD oil cost fluctuates depending on the product. Some of these factors are due to the amount of CBD in each product. Other factors include the added ingredients in items. Here are some considerations we take into account when determining our CBD prices.
Hemp will grow pretty much anywhere, and until very recently it was still prohibited to grow in the U.S. Because of this, many hemp CBD products available today come from hemp plants grown overseas (typically Europe and China). The problem with this is that hemp absorbs whatever is present in the soil it’s cultivated in, a process known as phytoremediation. In fact, hemp is so adept at removing toxins from soil that it was planted around the Chernobyl nuclear disaster site to do just that.
Quality, state-of-the-art, sustainable hemp farming is key for high-quality CBD products. At Joy Organics, for example, every product we create goes through a process that begins with hemp grown in nutrient-rich soil using natural growing practices without pesticides or harsh chemicals. Not only does this enhance the quality of our product, but it also ensures that our products are safer than those you might find elsewhere.
Extracting premium hemp extract requires expensive equipment. We must be able to isolate microscopic cannabinoids and preserve them so that they remain potent and bioavailable.
Our experts use CO2 extraction to maintain the integrity of as many phytocannabinoids and terpenes as possible. Then, we remove any traces of THC from the formula.
During this process, we also use nanoemulsion technology to make the smallest CBD particles on the market. While costly, this measure ensures the highest bioavailability of CBD in the market.
The effectiveness of Joy Organics’ products and our low CBD oil price per pound is what makes us an excellent supplier for people looking to start a white label program. We offer dropshipping for small SKU orders and low minimums. Plus, our fulfillment program allows us to keep an inventory for your online shop without having to hold onto the stock yourself!
Third-Party Lab Test Results
Companies that offer third-party testing do so for a few reasons. For one, it ensures that you, the consumer, are getting the high-quality product you deserve. For another, it offers complete transparency. With readily-available third-party lab results, you know the company is offering what they claim.
It costs money to test products in an independent lab. Until CBD is regulated and you know what you’re getting each and every time you purchase CBD, the cost of third-party testing is going to be passed on to the consumer.
We’re proud to say we offer third-party lab results on each and every batch of CBD we use to create our products. You’ll find them easily accessible next to each item in our catalog.
Another factor is the ingredients. For instance, Joy Organics’ CBD Softgels are cheaper than Joy Organics’ CBD Softgels with Curcumin or Joy Organics’ CBD Softgels with Melatonin . That’s because we must make up for the cost of the added ingredients.
Who Has the Best Cannabis Oil Prices?
There are so many factors that go into determining CBD oil cost. If you’re looking for a fast-acting, highly bioavailable CBD product at an affordable price, try Joy Organics’ CBD Tinctures . Our premium tinctures come in Natural, Tranquil Mint, Orange Bliss, and Summer Lemon.
You can’t go wrong with $0.10/mg cost per bottle. Joy Organics’ CBD Tinctures are an affordable way to try out CBD and experience the difference firsthand!
If you’re a business owner looking for the best CBD oil price per pound, consider joining our wholesale program. We have partnered with trusted CBD manufacturers to create our line of premium products. Now, we’re excited to share this success with you.
Reach out to our team of specialists to discuss our wholesale program today. We will assign you an expert to help you successfully build your brand from the ground up. Our CBD oil price comparison to other brands is extremely competitive.
Not only are our products more affordable in terms of CBD oil price per kilo, but they’re more effective. Our dedication to high-quality CBD products will foster consumer dedication to your brand.
Thanks for reading! To show how much we appreciate you, we’re going to give you 16% off your next order. Just use code READER16 at checkout!
Hannah Smith is Joy Organics Director of Communications. She is driven by her passion for providing clear and accessible wellness and CBD education. In 2015, she received her BA in Media, Culture and the Arts from The King’s College in New York City and before Joy Organics, worked as writer and photographer in the Middle East and North Africa. Her work has been featured on Forbes, Vice, Vox, Denver Post, and the Coloradoan.