The legalization of marijuana in some regions has greatly improved the sector. Today, CBD oil has some of the competitive prices in the industry. As more brands join the industry, the competition has stiffened. More brands are offering CBD-based products of different ranges such as capsules, creams, and gummies among others.
With this competition comes different prices for CBD oil. How can you determine if you are paying a fair price for your CBD oil? This guide will highlight the average prices of CBD per milligram so you can tell if it is a fair price or not. You will also learn how to calculate the price per mg of each product you buy.
Average Cost of CBD Oil
CBD oil often costs $0.05 to $0.20 per milligram on average. To get this figure, the most popular CBD products from known brands were compared. In some cases, you may get a cheaper price when you buy more products. Also, when a product contains more CBD, it tends to be costlier per mg.
CBD is determined by its potency and not overall volume like nicotine e-juice or other similar products. This means that you can have the same size of CBD oil in a bottle, but a more potent one will cost more. The cost is based solely on the potency of the product.
The method of production may also have an effect on CBD price. When the quality of raw materials and potency levels are put into consideration, the price can be considerably higher. Great brands often use organic hemp that does not contain GMO or pesticides. This costs more to produce, so it could result in higher prices.
Another major consideration is quality control. CBD is often sent to third party labs for testing. Some brands test for just basic THC and CBD levels but others test for pesticides, residual solvents, and mold.
Products that are tested in such rigorous processes are going to cost more per milligram. Cost should not be an issue when it comes to lab testing for CBD. it is often a better choice.
How Can You Calculate CBD Prices?
The best way to calculate CBD price is by using the product price per mg style. For this, you need to understand the two main variables which are the price and the total amount of CBD per milligram. In most cases, the number on the label written in milligrams represents the total content of CBD per bottle.
All you need to do is divide the product price by the cost of CBD per milligram. It should be: price divided by total mg CBD equals price per mg.
This means that if the bottle costs around $29.99 and contains roughly 250mg of CBD, the cost of the product per mg is $0.12. You can apply this method to any CBD product if the variables are the same. Also, remember that vaping offers the highest bioavailability. So if you pay the same price per milligram, your body will absorb more of it.
Also, if you want to buy CBD in bulk, you can use this formula to determine the price, but in pounds. You can get pure CBD isolate powder from some manufacturers by the pound. It is more affordable in this form. Also, you can choose to use the CBD concentrates to make your own tinctures and recipes. You can also choose to vaporize it using a dab rig or a wax pen.
How Can You Get the Best CBD Deals?
Now, since you know how to calculate the fair price of the CBD oil for sale, it will be a lot easier to compare prices while searching. Some online stores also help make it easier to compare prices because they display the product price per mg with each one. Be sure to check it thoroughly to ensure that you are paying a fair price for it.
In conclusion, before buying any CBD oil product, check the price per mg instead of the bottle size. The bottle size does not have much to do with the price. Rather, the potency of the product does. Also, when you buy more CBD each time, you will get a cheaper cost per mg for the product.