Some people wonder what CBD oil typically costs and what does into to figuring out the price of the products. The fact is, the price of CBD oil products can vary greatly and why can be a somewhat complicated subject. One reason it is so complex is that the FDA does not regulate the production standards and labeling of CBD products derived from the hemp plant. As a result, the quality can vary. Obviously, most consumers want to find the best priced CBD oil.
There are several factors that help determine the ultimate price of the CBD oil you purchase including the method used to extract the oil, the source of the hemp, the reputation of the brand in question and the potency of the product.
Supply and demand also play a role in determining the price. Because CBD oil is very popular right now, the demand is high and manufacturers are trying their best to have supplies keep up with it.
We will now analyze several factors that determine the price of CBD oil products:
Quality of the CBD Oil
It is always important to be careful when purchasing CBD oil products. Make sure you turn to a reputable dealer. Because the Food and Drug Administration does not regulate CBD oil products, some people will market inferior products in an attempt to make a quick buck without regard for the quality of the product and the health and well being of their customers.
The quality of the CBD oil used is an important factor in making sure that you get something worth paying for and that will give you the numerous health benefits that CBD oil can offer.
Preparing a proper batch of high quality CBD oil, like what Penguin CBD sells, is both time consuming and labor intensive. A qualified staff is needed to make sure safety precautions are taken and that the extraction of the oil is done correctly. You also have to pay a third-party lab to test the products and make sure they are safe for human consumption.
How Much CBD Oil Are You Actually Getting?
Another way to measure the value of a product is to determine exactly how much CBD oil you are getting in the product. When you boil it all down, ask yourself what is the price per milligram of CBD? Other ingredients do matter, but the ultimate value is how much CBD are you getting for each dollar spent?
Prices can vary wildly between four cents per mg and three dollars per milligram of CBD oil. The quality of the CBD oil matters and can vary greatly be manufacturer and product. Is the CBD oil organic or all natural, pesticide free and non-GMO? These are all questions that could help make the price of the CBD oil you buy higher but they also make the quality of the product higher as well.
What Is the Method of Extraction?
The method used to extract the CBD from the hemp plant is another factor that helps determine the ultimate price of your CBD oil product.
Some of the possible ways to extract CBD oil from the hemp plant include steam distillation, hydrocarbons, C02 and natural solvent extraction.
Using CO2 extraction is considerably less harmful to the environment because it leaves behind less toxic solvent residue. It also provides for a high-quality product. Again, however, this can raise the final price of your CBD oil product.
How Potent Is Your CBD Oil Product?
The more milligrams of CBD there is inside your product, the higher the concentration of CBD and therefore, the higher the potency of the product. The CBD oil will likely be better at helping you manage your symptoms if you use higher potency products. Larger and heavier patients will also benefit significantly from using a higher potency CBD oil product because they require a higher dose to get the same results.
If you use a lower potency formula, it may be necessary to purchase a refill or replacement more often because you will need to use more of it with each dose that you take, so keep that in mind as well.
Eventually, you will figure out the perfect potency that you require based on how your body responds to the product.
Most reputable brands of CBD oil products will use an independent laboratory to test the purity and potency of their products. This way, you can tell if it works the way it should and if there are any unwanted contaminants or substances in the product itself.
Stores vs Web Sites
Another important factor that may determine the price of your CBD oil product is whether you order from a local store or from a company that does business exclusively over the Internet.
Store owners must pay rent for their stores and that adds to their cost of doing business. If you choose to purchase your CBD oil product directly from the manufacturer online, you cut out the middleman and thereby reduce your overall cost. In addition, online companies also offer coupons and frequent special offers or discounts that consumers can take advantage of to further reduce the price of the products they want to purchase.
Additional Ways to Save Money
There are several other ways to reduce the price of your CBD oil products in addition to purchasing the online. They include:
1. Use high-potency oils
If you use high potency CBD oil products, you will need to use less of the product each time you take it. This will help your purchases last longer and you will need to purchase new CBD oil products less frequently.
2. Join Rewards Programs and Frequent User Programs
Many sellers have loyalty programs or rewards programs that give discounts or even free product after you’ve spent a certain amount of money. If you are using your CBD oil product to treat a chronic condition, this can be a very helpful way to save money on your purchases.
3. Buy in Bulk
If you make larger purchases, many companies will charge you less money per ounce for the same product. So, buying a larger container or more items at once can help reduce your costs.
4. Find and Use Coupons
Many companies will offer coupons and military discountsonline. These can be applied to reduce the cost of your CBD oil product and help save you money.
As we have discovered, there are many factors that determine the price of a CBD oil product. If you follow the steps laid out in this article, you can spend less money and still get a high-quality CBD oil product that can help improve your health and manage your symptoms.