CBD oil: the cost and how to find the best prices to save money
One question we commonly get is how much it costs to purchase CBD oil. Shortly after that, we get the question “Why is it so expensive?” Relatively speaking, CBD products can be on the costlier side. However, once you take into consideration the actual benefits and improvements in your quality of life, many will agree that it is a small price to pay for improved health and comfort. Having said that, we understand that price is still a concern for many, so we want to provide some tips as well as a helpful costing tool for CBD so you can continue using it consistently and affordably.
Typically, you’ll find that the price of CBD oil will vary from $20 - $200. The cost is largely determined by quality, concentration and amount of CBD present. In order to find the best prices, it’s important you find how much you are paying per milligram (mg) of CBD oil. Once you know how much you’re paying per milligram of CBD, then you can compare brands and find the best price to save money.
With prices varying so widely between different types of CBD oil, it can create confusion in an already complicated space. Let’s go over some of the factors that cause these variations in pricing.
CBD cost factors
There are three main factors that determine the cost of CBD: Quality, Concentration and Amount. Let’s go over each one and why they’re important to you.
The main difference in the quality of CBD oils will come from the quality of cannabis or hemp that the CBD oil is extracted from.
Hemp is a form of cannabis, so we will be using those terms interchangeably.
Not much information is available regarding the different sources and strains of cannabis that are being used by manufacturers. Some manufacturers source their hemp from here in the USA, but if it’s not stated, then you may assume that the hemp is sourced from outside the USA, most likely from Europe or China.
Growing hemp is not easy in the US since there are strict laws regarding its cultivation. Without widespread availability, some manufacturers look overseas.
Since hemp is not easily grown here in America, it can be safe to assume that the prices for US grown hemp would be higher than hemp sourced from outside the US. Higher prices for the manufacturer ultimately mean higher prices for the consumer.
In addition to where the hemp is sourced from, there are differences between the types of cannabis that are used to make CBD oil.
The quality of the crop will definitely play a role in the effectiveness of CBD oil. Just like how some oranges are sweeter than other oranges, some crops of hemp will produce better oils than others.
Unfortunately, there isn’t any public knowledge available that discloses where each manufacturer sources their hemp. That info would be a ‘trade secret’ that gives away a competitive advantage. Therefore, although it’s not always easy to tell, the source and quality of hemp used for extracting the CBD will play a huge part in determining the final cost the CBD oil that ends up in your hands.
The largest determining factor when it comes to CBD oil pricing is concentration.
You will always find that the higher the concentration, the more expensive the oil is going to be.
It takes more hemp to make more concentrated versions of a CBD oil, so oils that are more highly concentrated will be more expensive.
Stronger concentrations are great for people who need a little extra in order to feel the effects. It also lets you use less oil per serving.
So, how do we determine the concentration in each bottle of CBD? Concentration is going to be broken down to milligram (mg) per milliliter (ml). Some bottle volumes are measured in ounces instead of ml, but mg/ml is a very common measurement.
Make sure when you are comparing brands that you compare apples to apples and compare oils that have similar concentrations. Continue reading in the section below on how to calculate concentrations between bottles so you can properly compare like for like.
Let’s move on to our last big determining factor for the price of CBD oil.
This one is pretty self-explanatory: the larger the amount, the higher the cost.
The bigger the bottle of CBD, the more it’s going to cost when comparing oils that have similar concentrations.
We should add that typically when you purchase larger bottles you usually end up paying less per mg of CBD since it is comparable to you buying the product in bulk. Think Costco when it comes to this line of thought.
It will usually be cheaper in the long run if you buy in larger quantities. So if you can afford the upfront cost, buy bigger bottles. It will last you longer and you should save a bit of money.
Bonus tip: There is one additional factor that you can keep an eye out for regarding price and cost savings:
Full spectrum vs. isolate
As if CBD oil couldn’t get more complicated, we had to throw you this curveball. Don’t worry, we’ll be explaining the key differences between the two so you can keep an eye out for these terms when buying CBD. It will help you make a more educated buying decision.
Full spectrum oils
‘Full spectrum’ is a term coined by the CBD industry to describe CBD oil that contains CBD as well as a host of other cannabinoids. e.g. CBC, CBN, CBA, etc. It also contains other nutrients: amino acids, terpenes, proteins, vitamins, and more
What does all this mean? Basically, you are getting the most comprehensive CBD oil on the market. All these beneficial factors come from an extract that utilizes the hemp plant in its entirety. Many hemp oils aren’t CBD oils because they use extracts from just the seeds or the stalks of the plant. These parts of the plant are missing many key ingredients and have very little CBD.
There is also another term that you may run across when it comes to full spectrum oil and that’s the ‘entourage effect’. CBD pundits believe that the entourage effect is when you combine all the different components of the plant together, you get a combined effect that is stronger and more effective than just CBD alone.
And this leads us to our next type of CBD oil...
CBD isolate is a form of CBD extract. It’s a crystallized or powdered form of 99%+ pure CBD. Manufacturers produce these CBD crystals by performing extraction processes until the only thing left is pure CBD. CBD oil is made by adding these isolate crystals to a carrier oil, like hemp seed oil.
Manufacturing CBD isolate is cheaper than creating a full spectrum oil, so those savings get passed on to the customer.
One possible drawback is that CBD oils made from isolate are lacking all the other beneficial components of hemp since it contains only CBD. There is no ‘entourage effect’.
On the other hand, one benefit is that isolate-derived CBD oils contain absolutely zero tetrahydrocannabinol (THC), which means they have no psychological effects. Since you are only getting pure CBD, there is no risk of getting any THC in your system. THC is the psychoactive compound that commonly gives the ‘high’ to marijuana users.
There is a possibility that even with full spectrum oils with very low trace amounts of THC, technically you could test positive, although this is very rare. The zero-THC CBD oil made from isolate can give you that extra security and peace of mind if you are worried about THC tests.
Another benefit of isolate is that when compared to full spectrum oil you can get much more mg of CBD for a lower cost. A 1000 mg CBD oil made from isolate will be cheaper than a 1000 mg of full spectrum CBD oil.
So, how do I get the best prices when buying CBD?
As mentioned above, you can:
Buy larger bottles of CBD
Buy CBD oil made from isolate
Compare price and concentration
We already mentioned the reasoning behind options 1 and 2. Let’s go over how you can do price and concentration comparisons between brands to find the best prices.
When doing comparisons for price it boils down to two major figures:
Concentration: milligrams (mg) of CBD per volume of oil
Price: dollars ($) per mg of CBD
Let’s take a look at the first step in finding the best prices:
As previously stated, all CBD oils have a concentration. This concentration is in milligrams (mg) per volume of oil. To find the concentration of oil use this equation:
Milligram CBD per Bottle mg ÷ Volume of bottle ml=Concentration of bottle (mg/ml)
For example, take a 30 ml bottle that contains 500 mg of CBD. Let’s plug those numbers into our equation:
500 mg CBD ÷ 30 ml bottle= 16.67 mg/ml
So the concentration of this particular bottle of CBD oil is 16.67 mg/ml.
Conversely, if you purchased 1000 mg of CBD in a 30 ml bottle, you will get double the concentration at 33.3 mg/ml, and will presumably pay a higher cost as stronger concentration oils are typically more costly.
Disclaimer: One very important thing to consider when calculating concentrations between bottles make sure they are the same type of CBD oil, i.e. full spectrum or isolate. As mentioned above, they are very different and we want to compare apples to apples.
Calculate all the CBD oils you want to compare and make sure they look similar to each other. This finally brings us to price and how to compare prices between CBD oils.
That’s right, it’s time for some math! Don’t get too excited.
After you have measured the concentrations we can look into calculating the price per mg of CBD you are receiving.
The calculation for price per mg looks like this:
Price per bottle ÷ Total Concentration of CBD=Price per mg of CBD
Let’s do a quick comparison between 2 imaginary bottles of CBD:
Bottle A: 500 mg of full spectrum CBD oil that costs $50
Bottle B: 500 mg of full spectrum CBD oil that costs $60
Let’s plug these numbers in the equation for price comparison for both bottle A and bottle B
Bottle A with 500 mg of CBD at $50:
$50 ÷ 500 mg of CBD=$0.10 per mg of CBD
This means you’ll be paying 10 cents per mg of CBD for bottle A.
Bottle B of 500mg of CBD oil at $60.
$60 ÷500 mg of CBD=$0.12 per mg of CBD
This means you’ll be paying 12 cents per mg of CBD for bottle B.
You now know the price you are paying for a specific amount of CBD in both bottle A and bottle B. In this case, Bottle A would be the cheaper option.
Just compare these numbers between similarly concentrated oils and you can make an accurate assessment based on price.
We’d like to mention that this is a good method to compare prices for similarly concentrated products, but it’s not a perfect comparison since product quality will vary between brands.
At Buddii, we want to help make your CBD journey as simple as possible. That is why we have created a CBD dosage calculator for you so you don’t have to do all this math by hand. Who really wants to do any math, right?
Well, there you have it. An easy and effective way to compare prices between different brands of CBD oil. If cost is a concern, you can always refer back to this article to learn how to compare on pricing and save you some money in the process.