How Much Does CBD Oil Cost?
Enny SoyinkaFollow us on 
The price of CBD oil depends, to a large degree, on the amount and quantity of cannabidiol it contains. This substance is one of the many chemical components found in the hemp plant. Cannabidiol is a unique compound that can provide all the benefits of the cannabis plant without any of the psychoactive side effects.
What is the Average Price of CBD Oil?
The cannabidiol content in CBD oil regulates the market price of the product. On average, the industry pricing for CBD oil varies from $0.05/milligram to as high as $0.25/milligram, depending on the price of the quality of the extract.
Determining the price of CBD rests entirely on the quantity you are purchasing. Though not always, one can also evaluate the quality of the product this way.
For example, if a 100mg bottle of CBD oil is selling for $100, it is possible to calculate the per mg price to be around $0.10. Similarly, the price range also suggests a mid to high-end product.
Why do People Pay So Much For CBD Oil?
A recent poll showed that 64% of US adults were familiar with CBD or CBD products. With its usage being most common in the 18-30 age group, the CBD oil market will grow to $3.78 billion by 2027.
The growing popularity of CBD, particularly among the younger demographic, is due to several reasons. In an increasingly stressful world, CBD helps people deal with the anxiety of daily life.
Additionally, it does so without involving the use of any addictive, mood-altering substances like benzodiazepines. It is an all-natural alternative to typical anxiety treatments.
What Factors Can Influence the Cost of CBD Oil?
1. Cost of Extraction
The cost of CBD oil production is considerably higher than other cannabis products. Even though they are extracted from the same plant, the Cannabis sativa, the price difference between hemp oil and CBD oil is surprisingly significant.
Such a gap results from the high production cost involved in CBD oil extraction. Unlike hemp oil, which is made by crushing the seeds, CBD oil is made from the flowers of the hemp plant. The chief component of CBD oil is cannabidiol, one of the 113 cannabinoids found in cannabis plants. The process of extracting this substance from hemp is complicated and expensive.
Critical CO2-Based Extraction is known for producing the highest quality CBD oil by removing all traces of THC. However, it is an expensive method since it requires the exact steps involved in perfume making.
2. Ingredients
CBD oil often contains particular substances like melatonin and curcumin among their list of ingredients. From promoting sleep cycles to aiding pain relief, these different substances aim to boost the benefits of CBD oil. However, including these ingredients also affects the product's final pricing.
3. Farming Methods
Since they are hermaphrodites by nature, CBD oil-making hemp plants can easily be cross-pollinated by marijuana plants. Such a situation can make the CBD-rich hemp transform into a THC-containing marijuana plant.
So, to avoid their crop being ruined, cultivators grow them in special regulated facilities. Here, the risk of pollination is minimal, but the cost of such maintenance undeniably adds up to the product's final price.
Will CBD Oil Prices Decrease in the Future?
With the CBD market expected to grow at a rate of 31.9% annually till 2027, the trend in high CBD oil prices seems to be poised for a consistent upward swing.
The user demographic of this product also supports this estimation. Since the primary age group for CBD users is 18–30-year-olds, the demand is expected to be consistent, aiding in the high potential future prices of CBD oils.
Where to Get the Best CBD Oil Deals?
A few suppliers provide the best quality CBD oils at a deal price. While there are plenty of affordable options, not all of them are trustworthy.
However, these CBD providers aim to provide the highest possible quality of CBD oils at the most competitive prices so that both you and your wallet are satisfied.
1. CBDistillery Broad-Spectrum CBD Oil should be your go-to if you look for a reliable THC-free product. Certified by the US Hep Authority, these oils are high-quality products at an affordable price.
2. Charlotte’s Web 60-mg CBD Oil is a full-spectrum oil to hon focus and calm. The company is well-known in the CBD oil world and is famous for its oils that help in reducing minor sport/exercise inflammation. It offers flavors like mint, lemon, and orange is simply icing on the cake.
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