Let's face it — CBD is expensive. If you've spent any time shopping around for hemp products, you’ll notice that CBD oil prices are all over the map. For example, a 1 oz bottle of 500 MG CBD oil can cost anywhere from $30 to $80.
So, why does the price of this valuable oil vary so wildly? Unfortunately, a highly prevalent problem in this market is a lack of regulation.
Gimmicky, arguably useless products are making it onto the shelves. These brands are looking to cash in on the growing CBD trend with budget oils, making it difficult to discern the good products from the bad.
CBD Prices Explained
As we mentioned before, the average price is anywhere from $30 to $80 for a 1 oz bottle containing 500 mg of CBD, but the cost only goes up from here with more high-potency drops.
Several factors play a crucial role when exploring the cost of CBD oil.
Firstly, the concentration and potency of the CBD extract in the product will significantly influence the final price. A general rule of thumb is that the higher the potency of (mg) CBD in the bottle, the higher the price tag.
While higher potency oils usually cost more, they can potentially offer better value over the long term. With a higher-potency oil, you may only need one or two drops to feel the desired effects, whereas with a low-potency oil, you may need three or four.
The quality of hemp is another key factor. CBD supplements made with organically grown, high-quality hemp demand a more substantial price tag due to the expensive farming and rigorous testing it undergoes.
On top of this, the extraction method can play a major role in the overall cost. CO2 extraction is the most expensive due to its high purity and safety standards.
Additional factors that contribute to the cost include:
- Extract type (full spectrum CBD, broad spectrum CBD, or CBD isolate)
- Brand reputation
- Market variations
- Additional ingredients
- Packaging
Comparing the cost of edibles can help set expectations for other cannabinoid products.
How to Calculate the Price per MG
With so many hemp brands offering different prices and potencies, the best way to compare value is by calculating the cost per milligram (mg) of CBD. This calculation provides a straightforward metric to gauge which brand offers the most bang for your buck.
To determine the cost per mg of CBD, divide the total price of the bottle by the total milligrams of CBD it contains.
For example, if a bottle costs $50 and contains 500 MG of CBD, the cost per mg would be $0.10.
This method allows you to cut through the marketing noise and directly compare the economic value of different products, ensuring you make an informed and cost-effective choice.
Of course, this doesn't consider the other factors in pricing (we'll get into this later). Still, calculating this cost per MG of CBD is a fairly reasonable starting point for comparing the cost of CBD from one brand to the next.
| Price Guide | |
|---|---|
| Cost | Price per MG of CBD |
| Low-Priced | $0.05 - $0.12 per mg of CBD |
| Average | $0.13 - $0.18 per mg of CBD |
| Expensive | $0.18 or more per mg of CBD |
What's The Reasonable Retail Price Of CBD Per Mg?
A reasonable CBD cost per milligram ranges anywhere from $0.05 – $0.20 per MG, as long as the company can justify its products' costs.
Factors that influence CBD product costs include licensing, marketing, packaging, shipping, distribution, and staffing in a competitive market.
| Price Comparisons | ||
|---|---|---|
| Brand A | Brand B | |
| Bottle Size | 1 oz (30ml) | 1 oz (30ml) |
| Mg of CBD | 1000 mg | 1000 mg |
| Retail Price | $50.00 | $50.00 |
| Cost Per Mg Of CBD | $0.05 | $0.05 |
| Hemp Quality & Source | Unspecified hemp source | USA organic hemp crops |
| Ingredients | CBD isolate and hemp seed oil | Full spectrum extract and organic hemp seed oil |
| Independent Lab Testing | Not available | Batch tested for cannabinoid and terpene profile and contaminant report |
| Customer Service | Limited customer support online | Customer chatbox on website and money guarantee |
For example, you can look at two bottles of 1000MG CBD oils priced at $50.00 and think, "Well, they're both priced at $0.05 per MG of CBD."
However, looking into the company practices and the products themselves, you'll see that one stands out for its value over the other.
Let’s compare three brands: Farmulated’s 1000MG CBD oil at $29.99, our 1000MG full spectrum CBD oil at $35, and CBDistillery's 1000MG full spectrum CBD oil at $60.00.
We can start by working out the price per MG:
- Farmulated: $0.02 per MG
- Neurogan: $0.03 per MG
- CBDistillery: $0.06 per MG
We see that all three brands:
- Use US-grown, non-GMO hemp
- Undergo independent lab testing
- Focus on vegan, non-GMO ingredients and full spectrum CBD hemp extract
However, when comparing further, we see that while all three focus on quality ingredients, Neurogan stands out in terms of transparency around sustainability, easily accessible lab results, exceptional customer service, and specialized, targeted formulations.
How Much Do Pure CBD Drops Cost?
The term "pure CBD" can refer to a range of CBD products, each with unique price points. Let's break these categories down to help you make a more informed decision with your CBD purchases.
Price of Crude CBD
The price of crude CBD extract varies based on the hemp source and extraction method. On average, the wholesale price is around $100 per kilogram.
Crude CBD is the initial extract from the hemp plant, containing various plant compounds before further refinement. Since it hasn't undergone processes like winterization or distillation, it is cheaper per mg. Businesses buy crude oil in bulk to refine it and make other products.
Price of Pure CBD Extract
The price for a pure CBD extract per gram, can vary significantly based on factors like purity, brand, and source. Generally, consumers can expect to find pure CBD extract priced anywhere from $30 to $100 per gram.
Pure CBD extract refers to a product with a high CBD concentration and minimal other compounds from the hemp plant. It's essentially the most concentrated form of plant resin, extracted directly from the plant. This sticky consistency, similar to molasses, makes it difficult to dose and use.
The cost of pure CBD extract is generally higher due to the intricate extraction process and the high purity and potency. Prices can also vary significantly based on the concentration of CBD and the quality of the hemp used.
Price of CBD Isolate Oil
The price range for CBD isolate differs, but typically, it falls between $20 to $60 for a 30 ml bottle, depending on the concentration of CBD extract.
The price of drops made with CBD isolate is often lower than full-spectrum CBD oil, but can vary based on the concentration of CBD, the quality of both the CBD isolate and the carrier oil, and the brand's pricing strategy.
Who Has the Best Price?
Generally, the average cost of oil falls between $0.07 to $0.12 per mg. A notable trend in the market is that oils with higher concentrations tend to offer more CBD per dollar spent, making the overall cost per mg cheaper.
The brands with the best value for CBD oils include:
- Neurogan ($0.02–$0.04/ per mg of CBD)
- Lazarus Naturals ($0.02-$0.06 per mg of CBD)
- cbdMD ($0.03-$0.06 per mg of CBD)
3 key factors contribute to our ability to offer our product at such a low price point:
- Long-Standing Relationships with Farmers for Better Pricing Negotiations
- Efficient Extraction Methods
- Ownership of Production Facilities
How Much Does Hemp Oil Cost?
Hemp seed oil (hemp oil) and cannabidiol oil are often confused, but they are different products with distinct uses and costs.
Making hemp seed oil is simpler than extracting CBD, so production costs are lower. As a result, hemp oil is significantly cheaper than CBD. Unlike cannabidiol oil, which is extracted from the flowers and leaves of the hemp plant and contains cannabinoids like CBD, hemp seed oil is made from pressed hemp seeds and contains little to no CBD.
Hemp oil prices typically range from $10 to $30 per bottle, depending on size, brand, and whether it’s organic. For example, a 1.09 oz bottle of hemp seed oil at Walmart costs $15.99.
How Much Does CBD Cost Across All Products?
CBD is a popular ingredient in capsules, gummies, skincare, and smokable vape products, with prices varying across these categories. Below is a price guide outlining reasonable price points.
- CBD Edibles: $20-$60
- CBD Topicals: $25-$100
- CBD Capsules: $30-$100
- CBD Vape Products: $20-$60
What Affects Cannabidiol Oil Prices?
Hemp Source
Hemp farming itself is labor-intensive. Farmers need to make sure their hemp crops don't end up with more than 0.3% THC by weight, or they can't use it.
Where your hemp comes from is also very important. Organic hemp crops will cost more than non-organic farms because of the cost of licensing organic farms and the labor involved.
Extraction Methods
Most CBD extracts are made either using supercritical CO2 or ethanol extraction.
These methods produce high-grade hemp extracts, but the machines and materials required to do this are costly. One supercritical CO2 machine can cost upwards of $149,000.
Potency
How much CBD is in the prodfiuct will affect its price point.
Generally, the more CBD in the oil, the stronger and the more expensive it will be. However, it becomes more cost-effective when you break down the cost per MG of higher potency bottles of the same brand.
Extract Type
The extract type may also influence the final price point, as some extract types will need to undergo more processes, requiring more labor and resources.
The market has three main CBD extract types: Full spectrum, Broad Spectrum, and CBD Isolate.
Formulation/ Ingredients
CBD drops are very rarely made using pure CBD extract.
Other ingredients can also be important in pricing, such as essential oils, vitamins, or other compounds, which can improve the product's intended use. For instance, the best flavored oils might be pricier due to the addition of high-quality, natural flavoring ingredients, which provide a more enjoyable and palatable experience.
To highlight our commitment to quality and value, we offer a free sample of our CBD oil, which meets the same high standards as our full-sized products. This sample allows you to experience the quality and benefits firsthand, ensuring you understand the exceptional value we offer even before making a purchase.
Quality Control and Safety
A good CBD price doesn't always equal a good CBD. And because the CBD industry is fairly new, many companies on the market fall through the cracks, selling sub-par or even dangerous products.
Quality control goes beyond safe manufacturing practices and third-party lab testing. It can also focus on consumer education on how to use products responsibly.
Bulk Pricing
Larger CBD companies benefit from reduced bulk pricing for supplies to pass the savings on to their customers and have a competitive edge on the market.
Will the Price of CBD Ever Go Down?
Predicting the future price is complicated, as prices could fluctuate based on market demand, production costs, competition, and policies that affect the hemp industry.
Although the CBD market is expected to grow at a compound annual growth rate of 15.5% from 2024 to 2030, this doesn’t guarantee that prices will go down. However, based on our experience, we can tell you that refined oils may be the most susceptible to pricing fluctuations in the CBD market, as their production requires additional processing steps and specialized equipment.
Our Recommendation: Choosing the Best Price
While CBD tends to be expensive, many consumers are willing to pay for it due to the wide range of wellness benefits a single bottle can offer.
When comparing brands, remember that a lower price doesn’t always mean better value, and a higher price doesn’t necessarily reflect superior quality.
We encourage you to go beyond the price tag and initial product impression and dig deeper into the brand before purchasing, considering hemp source, quality control, and brand accountability in your decision-making process.
We recommend starting with a full spectrum CBD Oil 2000mg, which offers extremely good value for its price point, and working your way up from there. Remember to consult with your healthcare practitioner before incorporating any new CBD product into your regimen.
FAQ
How Much Do CBD Drops Cost?
The average cost can vary from $30 to $80 for a 1oz bottle containing 500MG of CBD, with higher-strength oils costing even more. We even found a CBD isolation oil (1oz) containing 2,500 mg of CBD for $42.
What Factors Affect the Cost of CBD?
The cost is influenced by several factors, including farming practices, the extraction method, potency, extract type, formulation, quality control and safety standards, and bulk pricing.
What's a Reasonable Retail Price of CBD Per Mg?
As long as the company can justify the costs of its products, reasonable pricing for CBD varies from $0.05 to $0.20 per MG.
What are the Benefits and Is It Worth the Cost?
CBD is a popular cannabinoid known for supporting wellness benefits such as stress relief, relaxation, and a healthy inflammatory response. CBD is worth the price for people who want a natural, gentle way to support a healthy lifestyle.
What Is the Cost of Hemp Oil?
Hemp oil prices can vary between $10 to $30, depending on factors such as the size of the bottle, brand, and whether it is organic.
Who Has the Best-Priced CBD Extract on the Market?
When comparing the cost of CBD per MG, we have one of the best value-for-money CBD drops on the market.
How Do Wholesale CBD Prices Compare To Retail CBD Prices?
As with any health product bought in bulk, wholesale CBD prices are lower than retail prices.
