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How much does CBD oil cost?

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Contents

  1. How much does CBD oil cost the consumer?
  2. What are the different types of CBD?
  3. Is CBD oil lab tested?
  4. How do you read the labels on CBD?
  5. Will CBD ever cost less?

Cannabidiol (CBD) oil is one of the hottest wellness trends of 2019, with products popping up in nail salons, spas, big-box retailers, and health stores throughout the U.S.

Though once illegal, the 2018 Farm Bill made industrial hemp,and thus hemp-derived CBD, legal to produce in all 50 states. And now CBD oil is popping up in such unlikely places as Bed, Bath, and Beyond.

But for curious newcomers to CBD, the price might be raising some eyebrows. A 1 ounce, or 30 milliliter, bottle of CBD oil could cost anywhere from $30 to more than $200, leaving many wondering how something so small can cost so much and vary so widely. What accounts for the discrepancies and, perhaps most importantly, how much does CBD oil really cost?

Well, that’s complicated. CBD can be expensive to produce with plenty of added costs and there are multiple formulas available. Plus, the potency of a bottle can greatly affect the price, even if it’s the same size as a cheaper bottle with less CBD overall. Here’s a primer to the different types of CBD and how much you should expect to spend.

How much does CBD oil cost the consumer?

According to Katie Stem of Peak Extracts, a cannabis product manufacturer, CBD as a bulk commodity ranges from $3 to $15 per gram, or a fraction of a cent to 1.5 cents per milligram. This could mean that a 1,000-milligram bottle of CBD tincture could contain $3 to $25 worth of CBD, but that wouldn’t account for production costs, materials, or labor.

Some companies might do all the production work in-house, but many CBD companies turn to “white labeling,” which is when a larger manufacturer makes their products for them. The CBD companies then must market and ship their products. Stem says this can cost around $25,000 to launch, plus a per-unit cost between $2.50 and $12.50.

Full-spectrum, or whole plant CBD, will contain trace amounts of THC and all compounds originally contained in the plant, such as terpenes. Photo by: Gina Coleman/Weedmaps

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“Long story short, the range is so broad, it’s hard to make a general statement about what is a ‘reasonable’ price to pay for a CBD product,” Stem said. “That said, when examining a cost analysis from a production perspective, you look at labor, materials, packaging, labels, potency/purity testing, marketing, and shipping/distribution.

“In most other industries, the labor, materials, and profit are often divided into three equal portions. Given the exposure to this industry with regard to legal, regulatory, and testing standards, it stands to reason that the profit margin must be higher to accommodate potential risk. The markup may be closer to 400% rather than the 40% seen in many other packaged goods.”

There may also be significant markups on the retail side, as cannabis dispensaries are not allowed write-offs on their business expenses per Section 280E of the Internal Revenue Code.

Stem said that when she is personally trying to decide if a CBD product is a good deal, she goes straight to the source material. Is it grown organically? Is it grown domestically? She also looks for readily available certificates of analysis (COA), which must be issued by a licensed laboratory that tests for potency and safety.

Stem said that those products will probably cost at least $50 to $60 per 1,000-milligram bottle, which comes out to 5 cents per milligram or more.

However, for most brands Weedmaps News looked at, 5 cents seemed to be the low end, while the majority cost between 10 to 15 cents per milligram of CBD and rarely exceeded 20 cents per milligram.

A few examples, using prices found in Los Angeles:

  • Ignite’s Lavender CBD Drops, 1,000 milligrams of CBD. Priced at $60, or about 6 cents per milligram.
  • Topikal CBD’s Sublingual CBD Oil, 1,500 milligrams of CBD. Priced at $140, or about 9 cents per milligram.
  • Icon Extracts’ CBD Tincture, 500 milligrams of CBD. Priced at $45, or about 9 cents per milligram.
  • Smashed’s Homies Anxiety + CBD Capsules, 400 milligrams of CBD. Priced at $40, or about 10 cents per milligram.
  • Ignite’s Lavender CBD Drops, 1,000 milligrams of CBD. Priced at $60, or about 6 cents per milligram.
  • El Gallo Star Anise CBD, 500 milligrams of CBD. Priced at $70, or about 14 cents per milligram.

What are the different types of CBD?

CBD can be derived from either hemp or marijuana. Legally speaking, hemp in the United States must contain less than 0.3% THC; it is generally grown for industrial fiber and other uses. Marijuana may have various amounts of CBD and THC and is typically grown for medicinal or recreational purposes. Broadly speaking, whether CBD is extracted from hemp or marijuana, the distinctions aren’t always relevant.

CBD and weed

CBD can be derived from either hemp or marijuana. Photo by: Gina Coleman/Weedmaps

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CBD and weed

“One thing I always say is that a molecule does not know its mother, so CBD is coming from cannabis or hemp, but it’s the same compound,” said Robby Flannery, Ph.D., CEO of California-based cannabis brand Dr. Robb Farms.

The difference might be more relevant when comparing whole plant CBD, which can be full-spectrum or broad-spectrum, with isolate CBD. The latter results from extracting the CBD compound in its pure form, minus other cannabinoid compounds such as terpenes, which may provide flavors, aromas, or enhanced physiological or cerebral effects.

Full-spectrum, or whole plant CBD, will contain THC and all of the compounds originally contained in the plant, such as terpenes. Broad-spectrum hemp is similar to full spectrum, except that the THC is removed.

An ongoing debate in the CBD oil industry currently focuses on whether THC or other compounds are useful. Researchers have identified a synergistic interaction between the plant’s various compounds known as the ensemble effect or entourage effect. That’s one reason some may seek out full- or broad-spectrum CBD, but there are various reasons why a person might prefer one over the other. If, for instance, you dislike the smell and/or taste of cannabis or want to avoid THC entirely, you might choose to stick to isolate.

Flannery notes that “cannabis tends to be a little more resinous, so the entourage effect and ensemble effect that you would be able to achieve [by] including some of those other cannabinoids is more profound. But if you’re just consuming an isolate product, it does not matter [which plant] it comes from.”

peach ring gummy edibles

Many medical marijuana and CBD isolate consumers prefer an edible such as a gummy to receive their dose of cannabinoids. Photo by: Gina Coleman/Weedmaps

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peach ring gummy edibles

Whether you end up purchasing hemp-derived or marijuana-derived CBD might actually depend more on where you live than preference. With the passage of the Farm Bill, hemp-derived CBD is legal throughout the U.S., while cannabis-derived CBD will be available only to consumers in adult-use states or to patients in states that allow medical cannabis. Cannabis-derived CBD is likely to cost a bit more because hemp is less costly to produce.

Is CBD oil lab tested?

Third-party lab testing ensures a product is safe and correctly measured. A licensed lab will make sure a product’s potency is accurate, meaning you’re actually getting the amount of CBD or THC you’re paying for, or alternatively, that the THC content is zero for those who want to avoid any possible intoxicating effects or drug-testing surprises. These tests also will analyze moisture content and screen for pesticides, mold, fungus, and residual solvents — chemicals that may remain after the extraction process.

CBD oil research lab testing

Third-party lab testing ensures a product is safe and correctly measured. Photo by: Gina Coleman/Weedmaps

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CBD oil research lab testing

How do you know you’re getting a lab-tested product? If a company lists its certificates of analysis on its website and packaging, shoppers can usually be assured the product has been lab tested.

“If you are a cannabis consumer and you go to a licensed retailer, you are close to 100% certain that all of that product has been tested by a third-party lab and it passed very stringent restrictions and regulations,” Flannery said.

Testing can get pricey, especially in a state such as California, where testing regulations implemented in late 2018 increased costs as much as 40% to 55% for some manufacturers, according to MJBizDaily. Flannery estimated testing can cost a company between $100 and $400 per sample, and they may have to test several samples. Those that produce flower — from which the oil is derived — have to test incrementally, such as every 55 pounds.

“If you’re a large farm, that’s a lot of testing,” Flannery said. “I know some groups who are spending in the seven-figure range on testing on an annual basis.”

All of these costs are shouldered by the manufacturer and ultimately raise the prices overall.

How do you read the labels on CBD?

The label on any CBD product will tell you several important details. Perhaps the most obvious detail is the name of the company, which you may want to research so you can read reviews of the brand (most are available on Weedmaps) or the individual product. Or, you might want to visit the company website’s FAQ page for additional product information.

The label will also tell you how many milligrams of CBD the product contains. This number may be the total amount or how many milligrams are in each serving.

Topicals and oils usually list the total amount of CBD. Balms, lotions, and other topicals are products you’re likely rubbing into your skin and therefore, you might not be concerned about measuring out a particular dosage.

With oils and tinctures that you’ll be ingesting, you may wish to find out how much CBD is in each serving. To do that, you’ll need to determine the milligrams of CBD within the net weight of the product. So, if you have a bottle that contains 30 milliliters (about 1 fluid ounce) of liquid and 500 milligrams of CBD (divide 500 by 30), that’s about 16.6 milligrams per milliliter. It takes about 20 drops per milliliter.

If your product is an edible — chocolate, candy, etc. — or capsule, you may find that the package lists how many milligrams of CBD are in individual items. If a bottle of capsules says that each capsule contains 30 milligrams of CBD and there are 30 capsules in the bottle, that would be 900 total milligrams of CBD.

CBD oil drop

CBD oil usually comes with a dropper to allow consumers and patients to measure out their dose. Photo by: Gina Coleman/Weedmaps

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CBD oil drop

If the product contains THC, the label will tell you that as well. It may tell you the ratio of THC to CBD, such as 18:1, which would be a particularly THC-rich product, or 1:1, which would be more balanced.

The package will also specify whether the product contains full-spectrum, whole plant, or isolate CBD, as previously mentioned. And, like any other product, the label will list what else is in it (coconut or medium-chain triglyceride oil derived from coconuts are common carrier oils), where it was made, and how it ought to be stored.

Will CBD ever cost less?

According to Flannery, yes, the price of CBD will come down, but not for a few years. “I think the primary driver behind [the cost] is just the regulatory environment that we’ve lived in for so long has limited the amount of production we can do,” he said.

Flannery noted it takes time to put together the capital expenditures and build out the infrastructure required. A new hemp farm requires a minimum of two months to produce any crop and in many places, the 2018 Farm Bill marked the first time it was legal. Plus, testing regulations are often much stricter when it comes to CBD and cannabis than to similar herbal supplements or oils.

“CBD is never going to be, in my opinion, as cheap as any off-the-shelf pharmaceutical or herbal supplements, but prices are still going to be going down,” Flannery said. That cost savings may come about, he said, when lawmakers begin to understand that cannabis is not, “the devil’s lettuce we were told it was.”

How much does CBD oil cost? Copy article link to clipboard. Link copied to clipboard. Contents How much does CBD oil cost the consumer? What are the different types of CBD?

The Best Full-Spectrum CBD Oils, 1:1 CBD-THC Tinctures, and CBD Vape Oil

For the uninitiated — and even for the well-versed and all in between — navigating the ever-expanding world of cannabidiol (CBD) products can at times feel overwhelming. But Weedmaps News’ list of the best full-spectrum CBD oil, the best CBD vape oil, and the best 1:1 CBD oil will get you where you need to be.

This curated list features standby products with established reputations and new entrants that are shaking things up in exciting ways. We hope it introduces you to unique, effective, and highly rated CBD products for every kind of wellness regimen or therapeutic need.

To begin, we explore the best CBD vape oils, from e-liquids to CBD additives to vape pens . Next, we check out the best 1:1 CBD oils that offer distinctive blends of cannabis-derived CBD, THC and other therapeutic cannabinoids . Finally, our selections turn to the best full-spectrum CBD oils that provide nutrient and cannabinoid-rich whole-plant extracts .

Weedmaps News chose the products below based on their quality, manufacturing standards, and enthusiastic reviews of satisfied consumers.

The Best CBD Oil for Vaping

Select CBD — Select Blends Multi-Use CBD Drops (Vape Pen)

If you’re interested in vaping CBD, but uninterested in figuring out a vaping rig, fret not. Some of the best CBD oil for vaping is available in disposable pens that eliminate the guesswork. CBD e-liquids and vape juice are typically for larger doses — and making large vape clouds. But the disposable approach allows consumers to microdose therapeutic CBD oil and other essential oils throughout the day.

Select CBD ‘s approach is to enrich its CBD extract with highly refined essential oils, such as spearmint and lavender, to create tailored effects. You won’t find vegetable glycerine or propylene glycol in this CBD vape oil, because Select uses fractionated coconut oil.

And you won’t have to worry about reliability issues, either. Select CBD Disposable CBD Oil Vape Pens use a ceramic core oven, giving them a less than 1 percent failure rate. If something does go wrong, however, Select has one of the best return policies in the industry.

Availability : United States

Price : $35-45 — Find it on Weedmaps

CBDfx — CBD Vape Juice and CBD Oil Vape Additives

Each CBD vape juice from CBDfx combines the company’s European-sourced and EU-certified organic hemp oil with vegetable glycerin, propylene glycol, and natural flavoring extracts. Available in both full-spectrum and CBD isolate formulas, CBDfx CBD Vape Juice is widely compatible with vaporizing devices, from standard sub-ohm rigs to smaller, more portable kits.

A unique product from CBDfx is its line of CBD Oil Vape Additives. These concentrated versions of CBDfx’s CBD extract can be added to any other e-liquid, so customers can enhance any vape juice with the therapeutic benefits of cannabidiol.

Availability : United States

Price : $40-$100 — Find it on Weedmaps

Hemp Bombs — CBD E-Liquid

Hemp Bombs is one of the most popular producers of CBD oils for vaping. Its highly rated, high-potency CBD E-Liquid is designed for use with any vaporizer device or vape pen. Available in varying concentrations and dozens of flavors, Hemp Bombs CBD E-Liquids are made with independent lab-tested CBD isolate, leaving no trace of THC, and sourced from industrial hemp farms.

The nicotine-free e-liquid contains a 70/30 blend of vegetable glycerin and propylene glycol that helps produce massive vape clouds. With flavors such as Exotic Watermelon Kush and Glazed Chocolate Donut, Hemp Bombs CBD E-Liquids are so tasty and fun you might forget all about the therapeutic benefits they can provide.

Availability: United States

The Best 1:1 CBD Oils

Papa & Barkley — 1:1 Relief Tincture

Papa & Barkley aims to provide whole body relief with its line of CBD:THC oils. This tincture is formulated with medium-chain triglycerides (MCT) oil, which makes THC, THCA and CBD more bioavailable for rapid absorption. Reviewers say the effects of Papa & Barkley’s Relief Tincture can be felt within 15 minutes of dosing.

Available in various concentrations with varying degrees of psychoactivity, so consumers can tailor their experience. For example, the 1:1 relief tincture combines CBD and THCA for mild psychoactivity. The 3:1 CBD to THC ratio produces medium to high psychoactivity.

Availability : California

Price : $60-$100 — Find it on Weedmaps

Awakened Topicals — 1:1 Raw Cannabis Sublingual

Typically, 1:1 CBD Oils are associated with psychoactivity because they contain a balance of CBD and THC. But it doesn’t have to be that way. In fact, one of the Best 1:1 CBD oils on the market, Awakened Topicals 1:1 Raw Cannabis Sublingua l, provides relief from acute pain and inflammation with minimal reported psychotropic effects.

That’s because unlike virtually every other CBD oil manufacturer, Awakened Topicals uses its own cold-extraction process. Cold extraction preserves all of the naturally occurring acidic cannabinoids, terpenes, and flavonoids found in the cannabis plant. In the end, all that’s left is 100 percent extra virgin olive oil and raw, single-strain, single-origin, whole plant, California sun-grown cannabis.

Availability : California

Price : $35-$70 — Find it on Weedmaps

Care By Design — CBD Drops 1:1

Care By Design offers a lineup of the best 1:1 CBD Oils for fast-acting relief from pain, inflammation, insomnia, and stress. In fact, Care By Design offers CBD-to-THC ratios ranging from 18:1 to 1:1. That flexibility means consumers with different therapeutic needs and preferences can craft their ideal experiences.

The company’s CBD Drops use only California-grown, whole plant cannabis and a proprietary blend of cannabis strains ensures a consistent and reliable balance of CBD, THC, and cannabis-specific terpenes , as well as flavonoids and minor cannabinoids.

Availability : California

Price : $40-$50 — Find it on Weedmaps

The Best Full-Spectrum CBD Oil

Spruce — Max Potency Full-Spectrum CBD Oil Tincture

Sometimes, the best comes at a price. And even though it’s a relatively new entrant to the saturated CBD market, Spruce is producing some of the top full-spectrum CBD oil available.

Produced in small batches at the company’s Kentucky hemp farm, Spruce doesn’t use high-tech CO2 extraction to make its full-spectrum CBD oil. Instead, Spruce insists that the best combination of CBD, low-THC, and terpenes comes from using a moonshine extraction method. The moonshine gets completely filtered out of the product, leaving no taste or alcohol residue.

CBD consumers are very excited about Spruce’s Max Potency Full-Spectrum CBD Oil, leaving unanimous 5-star reviews. Batches sell out quickly.

Availability : United States

Joy Organics — Full-Spectrum CBD Oil

When it comes to choosing a full-spectrum CBD oil, consumers need to know exactly what a product contains. And with respect to transparency, there are few companies that can compare to Joy Organics.

To produce its THC-free, third-party lab-tested full-spectrum oil, Joy Organics follows strict cultivation practices. The company also provides extensive information about the production process and the products themselves, written by a team of researchers and CBD experts. Joy Organics full-spectrum CBD oils are available in tranquil mint, orange, lemon, and unflavored varieties.

Availability : United States

NuLeaf Naturals — High Grade Hemp Extract CBD Oil

With nearly 12,000 reviewers giving it an average of 4.9 stars, there’s little doubt NuLeaf Naturals makes one of the best full-spectrum CBD oils available. Sourced from Colorado hemp farms and available in all 50 states and more than 40 countries, NuLeaf Naturals Full-Spectrum CBD Oil contains 50 milligrams per milliliter of whole-plant hemp extract.

Producing CBD oil with whole-plant extracts helps provide a full spectrum of cannabinoids and terpenes. For those looking for their first experience with full-spectrum CBD oil, to daily consumers, NuLeaf is an excellent all-around full spectrum CBD oil.

Availability : United States

Price : $40-$440

Find the top CBD brands on Weedmaps with self-care products ranging from CBD oils, vapes, edibles to topicals, flower, and more.

The Best Full-Spectrum CBD Oils, 1:1 CBD-THC Tinctures, and CBD Vape Oil For the uninitiated — and even for the well-versed and all in between — navigating the ever-expanding world of