Did you know that they expect CBD sales to reach around 1.8 billion U.S. dollars by the year 2022? With this number on the rise, you might be curious about what the cost of CBD oil is. Whether you are planning on using CBD for yourself or your pets you’re in the right place!
Keep reading to learn more about what to expect when you buy CBD.
Cost of CBD Oil
If you have been shopping around you might have noticed different prices from each CBD oil retailer. Prices can range from $10 to over $400. Everything depends on the amount you are buying, the strength, and the brand.
With CBD trending the prices are currently at a peak because of the demand for this oil. Something that you want to take a look at when you are shopping around is the cost per mg that you will be paying.
The cost per mg can vary between 4 cents to $3 per milligram. This applies if you are buying for yourself or are buying CBD oil for dogs.
What Impacts the Cost?
There are various factors that impact how much the CBD costs. The higher the quality of the oil the more you can expect to pay. These are the primary factors that will affect the price.
There are different ways that CBD can be extracted from the hemp plant. The most common ways include a CO2 extraction, a hydrocarbon extraction, a steam distillation, or a natural solvent extraction.
Typically the CBD oils that you find in the market that are the least expensive are extracted with the hydrocarbon extraction method. This is the method that you want to avoid. The reason is that there is a risk of toxic residue being present in the final hemp extract.
This makes it less safe and dangerous to consume.
The CO2 extraction method is usually the more expensive of the methods because it is considered the most efficient. Its efficiency, in turn, produces a higher quality CBD oil.
The strength of the CBD oil will affect the price as well. The stronger the oil is the more effective it will be in treating symptoms. Make sure that you buy the best strength for your specific needs.
The brands that want to sell safe and the best quality CBD oils hire a third party to perform tests on their products. Conducting these tests brings the price of the CBD oil up because the testing is expensive. You want to look for CBD oils that have been tested by third-parties that are unbiased even if the price is a little higher.
The hemp that the CBD oil is extracted from will affect the price as well. The better quality the hemp source is the higher the price of the oil. You want your oil to be sourced from hemp that is organic, non-GMO and free from any pesticides.
Feeling Like a CBD Oil Pro?
As you can see the cost of CBD oil can vary depending on the factors we mentioned above. Make sure that you don’t get the cheapest one you find and you do your research. Your goal should be to treat the symptoms you want to treat without skimping on quality.
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