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Despite the high markup for cannabis oil, many consumers regularly use this delivery method to reap all of the mental and physical benefits of two major cannabinoids: cannabidiol (CBD) and deltatetrahydrocannabinol (THC). A number of factors affect the price of the oil. You can expect to pay anywhere from $30 to up to $ for a single bottle. Here’s what you need to know about shopping smart for cannabis oil.
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CBD oil has become widely accessible to the entire nation. It’s revered for its non-psychoactive and therapeutic effects on pain, anxiety, inflammation, seizures, and other debilitating symptoms. The health and wellness aspect of CBD oil commands a premium price for its symptomatic relief. Apart from its medical applications, there are plenty of other factors that determine how much consumers pay for cannabis oil in general.
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Cannabis oil varies in price based on cannabinoid content, as well as the region where it’s sold. Seattle-based Headset published a report detailing pricing data for a variety of marijuana products in Washington State, California, Nevada, and Colorado. The price of THC oil varied by state. For example, Colorado had the highest price at 41 cents per milligram, which was 64 percent higher than Nevada’s 25 cents per milligram. California and Washington both had a 30 cent per milligram average price for THC oil.
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Cannabis oil products can be derived from either marijuana or hemp plants. Both belong to the same Cannabis sativaplant species. Marijuana plants are primarily bred for a THC-rich resin, while hemp plants produce high-CBD resin with only trace amounts of THC. Hemp-derived oil tends to be more affordable than marijuana-derived oil. When shopping for cannabis oil, consumers may run across terms such as full-spectrum, broad-spectrum, or distillate. Each comes with varying price points depending on many factors, including its source.
Full-spectrum products contain the original chemical profile of a strain, including THC, CBD, and terpenes. Broad-spectrum contains everything in the plant but the THC, for a non-intoxicating experience. Distillates only contain one cannabinoid, either CBDA or THCA. The compounds in full-spectrum and broad-spectrum cannabis oil not only add to the aroma, but also the effects and the price.
Research into cannabinoids indicate that the interaction between different cannabinoids and terpenes produces an “entourage effect.” This synergistic effect of the plant’s compounds is thought to enhance the therapeutic benefits of a cannabis product. For this reason, many medical consumers look for full- or broad-spectrum cannabis oil. However, someone who doesn’t want the aroma of intoxication of cannabis, may stick with a CBD isolate.
Hemp-derived CBD oil is more widely available than cannabis-derived tinctures. Ever since the Farm Bill passed, hemp-derived CBD is legal all over the country. If you’re hoping to buy cannabis-derived tinctures, you must live in a state that allows medical cannabis (at the very least). In these states, cannabis-derived tinctures tend to be pricier because hemp isn’t as expensive to produce.
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A bottle of cannabis oil can vary in price based on an assortment of factors from production to marketing costs. For example, cannabis oil made from organically grown hemp from Colorado will have a higher price than oil made from a plant grown in a state with a newer market. Besides quality, potency also affects the price of a product. Cannabis oil with 1, mg of cannabinoids will be more expensive than oil with fewer cannabinoids per milliliter.
The cannabis industry has unique costs and challenges that can drive up the price of cannabis oil. For example, lab testing requirements can force companies to spend hundreds of thousands of dollars testing their oil for contaminants. Lab testing can range from $ to $ per sample tested. In many cases, cannabis must be tested various times throughout the supply-chain process.
Furthermore, the cannabis industry can’t write off business expenses because according to the US federal government, the marijuana plant is a Schedule I drug with no medicinal value. Dispensaries and producers may hike up their prices to offset some of these overhead costs. Industry experts believe that full legalization will help build a stronger regulatory framework for the industry to benefit both companies and consumers.
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Certified laboratories can provide a complete analysis of licensed cannabis product samples. Third-party labs can test for potency including its cannabinoid and terpene profile. Labs also test for pesticides, microbial contamination, residual solvents, and other harmful chemicals that can remain after the extraction process. Essentially, lab testing ensures the product you are buying has the potency listed on the label. More importantly, lab testing ensures the product you are consuming has no harmful contaminants that can offset its therapeutic effects.
Lab testing can significantly increase the price of cannabis oil products. However, it’s up to you to make sure your product is actually lab tested. Most companies who lab test provide a certificate of analysis (COA) on its website. Simply type in the batch number found on the packaging into their lab results page. Buying from a licensed cannabis retailer is one of the only ways to ensure you are getting a product tested by a third-party lab. While buying hemp-derived CBD oil online without lab testing may be cheaper, we recommend you spring the extra few bucks for peace of mind and security.
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Finding the right cannabis oil at the right price point can seem like an impossible task. Luckily, there are a few ways you make sure you get the most for your dollar based on your desired results. It can take a few hours, days, or weeks of research to find the right cannabis oil. While price matters, some affordable cannabis oils can be just as effective as the most expensive cannabis oils. Here are a few ways to save money on cannabis oil.
- Buy cannabis oil in bulk. Larger quantities mean more upfront costs, but the product often comes with considerable savings of up to 40 percent per milligram. Manufacturers pass their savings on packaging onto you. Buying in bulk can also earn you free shipping with most hemp-derived oil companies.
- Follow your favorite cannabis oil companies or retailers on their social media channels to scope out special discounts, promotions, and giveaways.
- Sign up for low-income, veteran, or other financial assistance programs if you qualify. Not every company offers this perk, but the ones that do may give you a discount of more than half off if you can send qualifying proof or apply for a spot in their program.
- Buy based on price-per-milligram. In order to calculate the price per milligram of a cannabis oil bottle, divide the total price of the product by the milligrams of cannabinoids in the product.
- When searching for bargains, always make sure you buy cannabis oil that has a certificate of analysis (COA) from an accredited third-party laboratory ensuring you have a safe and pure products.
Reliable Places to Buy CBD Online
- Extract Labs CBD Oil
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Will CBD Prices Ever Come Down?
Industry insiders believe the price of cannabis oil will eventually go down, but not anytime soon. The industry’s strict regulations place an enormous burden on cannabis companies in terms of testing, taxes, and other rules on the plant’s production. A variety of factors serve to limit the amount of cannabis production possible. Whether it’s commercial cannabis bans in your town or excessive licensing costs, it takes a lot of money to start up a cannabis company.
Cannabis oil may never be the most affordable natural medicine available, at least compared to pharmaceutical or herbal supplement products. However, prices are expected to go down as lawmakers become more supportive of the industry. Once they remove the harsh limits imposed on weed companies, maybe then will the prices become accessible for those who truly need it.
As you can see, the price of cannabis oil varies widely based on the source, quality, potency, location, size, and other manufacturing and marketing costs associated with the product. The novelty of the industry and a lack of regulation have contributed to cannabis oil’s high prices, but consumers are hopeful that one-day cannabis oil can reach an accessible price point for everyone that needs it.
Stay tuned to the Cannabis Training University blog for updates on:
- price of cannabis oil
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- how much does CBD oil cost
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What is THC Oil And Where To Find THC Oil For Sale In Canada
THC oil is a liquid substance obtained from the cannabis plant by method of extraction. THC oil contains the concentrated amounts of the marijuana compounds, including the terpenes and the most well-known component – tetrahydrocannabinol, or THC. If you look for the purest and the most concentrated form of tetrahydrocannabinol possible, then a bottle of THC oil from our online store is a good buy for you – at a reasonable price.
What are the benefits of THC oil?
THC oil is a relatively new product from marijuana you can buy now. But it already has gained the trust of cannabis consumers. It allows them to experience the beneficial effects of tetrahydrocannabinol for their health in one of the easiest and the most discreet ways possible – by ingestion. Ingesting THC oil is considered to be a much healthier way of delivering tetrahydrocannabinol and other cannabis compounds to your bloodstream if compared with inhaling cannabis smoke.
In our online store, you can choose and buy the best THC oil available in Canada online.
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The fastest way to medicate with the THC oil is to put a couple of drops under your tongue. There it quickly gets adsorbed into your bloodstream, letting you start feeling the effects of THC within a minute. It’s also one of the easiest ways to define the dosage you require for your medicinal or recreational purposes.
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At the same time, just like THC oil, the THC syringe will perfectly do if you want to add it to your meals.
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Each product we feature has been independently selected and reviewed by our editorial team. If you make a purchase using the links included, we may earn commission.
The notoriety of CBD, or cannabidiol, has grown tremendously over the last couple years, and so has the availability of CBD oils (and their prices). Many people who are getting into CBD start by asking the question: "How much does CBD oil cost?" But with so much variation in the industry, determining which products are truly worth the cost can be a challenge.
To simplify this process, Ashley Jordan Ferira, PhD, RDN, Senior Editor of Health & Wellness Strategy at Remedy Review, a CBD reviews site, compared the prices of popular CBD oil brands on the marketincluding Medterra, cbdMD, and Naternalto pinpoint the average cost of CBD oil.
What are the best affordable CBD oils?
How much does CBD oil cost?
To determine the value, or cost per milligram of a CBD oil, divide the price of the product by the total mg of CBD. For example, a bottle of CBD oil that costs $ and contains a total of 2, mg of CBD costs $ per mg.
The price of a CBD tincture can vary across brands, but the average cost tends to land somewhere between $ to $ per mg of CBD. If you're paying more than 20 cents per mg of CBD, you're likely overpaying.
The best value CBD oils
The average prices of some leading brands are similar, but a few clear leaders emerge when we talk about value. Below, we've highlighted the most cost-efficient products from top brands to help you get the most for your money.
Cornbread Hemp Whole Flower CBD OilBuy It, $35
Not only is Cornbread Hemp's CBD oil under $40, but it also contains a unique "flower-only" hemp extract. By taking out the stalks and the leaves, the brand is left with a purer CBD formula that reviewers recommend taking before bed. It comes in two strengths, starting at 25 milligrams of CBD per serving
Charlotte's Web Everyday Plus CBD OilBuy It, $60
This CBD tincture from Charlotte's Web is a great place to start for individuals who are trying CBD for the first time. It contains 17 milligrams of full-spectrum CBD per serving, providing the full benefits of hemp extract in a milder dose. It's also available in four different flavors: mint chocolate, lemon twist, orange blossom, and natural olive oil.
R+R Medicinals CBD TinctureBuy It, $50
R+R Medicinals CBD oil is made from USDA organic Colorado-grown hemp. It offers a high concentration of natural compounds at a great value. The milligram option contains milligrams of CBD per serving and over 4 milligrams of minor cannabinoids like CBC, CBN, CBG, and THC.
CBDistillery Relief + Relax CBD OilBuy It, $45
CBDistillery's Relief + Relax formula is available in a variety of strengths to appeal to a wide range of people. The milligram option has 17 milligrams of full-spectrum CBD per serving and costs less than similar concentrations from other brands.
Joy Organics Broad-Spectrum CBD OilBuy It, $50
If you're looking for an affordable broad-spectrum CBD oil, Joy Organics's tincture is hard to beat. It's USDA organic, cruelty-free, and available in four different strengths, including a starter strength of 15 milligrams of CBD per serving.
Naternal Full-Spectrum CBD OilBuy It, $40
Each 1 milliliter serving of this full-spectrum product from Naternal contains 40 milligrams of cannabinoids, including CBD and trace amounts of THC (less than % by law), terpenes, and flavonoids from the cannabis plant, a.k.a. hemp.
Medterra CBD Isolate TinctureBuy It, $35
This THC-free CBD oil tincture from Medterra provides 16 mg of CBD in each 1 ml serving. As a CBD isolate product, it contains zero THC or any secondary cannabinoids.
cbdMD Premium Broad Spectrum CBD OilBuy It, $30
This moderate strength product from cbdMD is THC-free and delivers 10 milligrams of cannabinoids (including CBD) in each 1 milliliter serving. It's available in natural, berry, orange, and mint flavors and is a good option for those new to CBD.
CBD oil price comparison
In the price comparison below, you can see the average cost per mg of CBD for 1 brands, organized from lowest (i.e. best value) to highest.
- Average cost per mg CBD: $
- CBD oil price range: $25$60
- Average cost per mg CBD: $
- CBD oil price range: $$
- Average cost per mg CBD: $
- CBD oil price range: $$
- Average cost per mg CBD: $
- CBD oil price range: $29$
- FAB CBD
- Average cost per mg CBD: $
- CBD oil price range: $39$
- Average cost per mg CBD: $
- CBD oil price range: $$
- Charlotte's Web
- Average cost per mg CBD: $
- CBD oil price range: $$
- Average cost per mg CBD: $
- CBD oil price range: $89$
- NuLeaf Naturals
- Average cost per mg CBD: $
- CBD oil price range: $$
- Green Roads
- Average cost per mg CBD: $
- CBD oil price range: $$
Why do people pay so much for CBD oil?
The main draw towards CBD products stems from the compound's many potential health benefits. People buy CBD products to help with inflammation and pain, anxiety and stress, and sleep quality. This is not a full list, but it does encompass some of the most common reasons people turn to CBD. Additionally, CBD oil rarely produces any negative side effects, which can be best avoided by proper dosage and administration.
It's also worth noting that while many people enjoy using CBD oil as a part of their wellness routine, the Food and Drug Administration has only approved one CBD-based drug, known as Epidiolex. This means that mainstream hemp products, like CBD tinctures, have not been evaluated by the FDA and are not intended to treat any disease. If you have a serious medical condition or take prescription medications, consult with your physician before buying CBD oil.
Factors that affect CBD oil prices
CBD oil seems like a pricier wellness supplement, but there's a reason. Many additional manufacturing and quality control practices go into creating a trustworthy CBD oil that other dietary supplements do not require. Some factors that affect how much CBD oil costs include:
The origin of the hemp plant matters, and the best CBD companies source their industrial hemp from domestic farms. The most recent Farm Bill laws regulate standards for U.S. hemp cultivation, so American-grown hemp is the safest option for quality CBD oil. Organically or ethically-grown hemp will cost more as well, especially USDA-certified organic hemp that is more costly to grow.
Strength and type of CBD extract
While products with higher strengths or concentrations of CBD are more expensive, they also have better value. This is because they have a lower cost per mg of CBD. Similar to buying toilet paper in bulk to save money, you can save money in the long run if you opt for a strong CBD oil that will last for a longer period of time than less potent options.
The type of CBD product can affect the price as well. For example, a full-spectrum product may be priced differently than a CBD isolate or broad-spectrum product that has gone through additional distillation and purification processes to filter out plant compounds like THC (tetrahydrocannabinol). THC-free CBD oils are a good option for anyone who submits to regular drug testing, but full-spectrum CBD products may elicit an entourage effect that may be more effective in terms of elevating your general health and wellness.
Whether you're buying CBD oils online or in-store, third-party lab testing is a must for all hemp-derived products. This process isn't cheap, and more in-depth testing can cost more (which leads to a more costly end product). However, this external testing provides greater evidence of quality, safety, and transparency for the brand and its products.
Some CBD oil tinctures may contain premium ingredients like a USDA-certified organic MCT coconut oil or all-natural flavorings that can increase the price of the product. If you're set on purchasing a truly organic CBD oil, the extra cost may be worth it.
Lastly, and perhaps the most obvious, factor affecting the price of CBD oil is discounts or coupons that may lower the overall cost of an order. Many of the CBD brands listed above offer first-time buyer discounts, as well as subscription or bundle-and-save options that can cut the price of CBD oil significantly.
Is CBD oil worth the cost?
If you're looking to buy CBD oil online, there's no doubt that there are plenty of hemp products to choose from. Apart from CBD oils, there's also the option of varying application styles like CBD capsules, gummies, topical lotions, and much more.
With all this information to take into account, the CBD industry can seem like a confusing marketplace with an overwhelming number of hemp oils (and prices) to filter through. However, many consumers are flocking to CBD, and often use its potential health benefits as a way to justify the price tag.
So if you're in the market for an all-natural plant extract with a lot of hype around its benefits, CBD oil may be worth the splurge. And you can still shop for high-quality products without breaking the bank.
Ashley Jordan Ferira, PhD, RDN is the Senior Editor of Health & Wellness Strategy at Remedy Review, an independent CBD reviews site. Dr. Ferira completed her PhD in Foods & Nutrition at The University of Georgia, where she researched the role of vitamin D in pediatric cardiometabolic disease. The products featured in this article were tested at ProVerde Laboratories in Milford, MA and Avazyme, Inc. in Durham, NC.
This content is for informational purposes only and does not constitute medical advice; it is not intended to be a substitute for professional medical advice, diagnosis, or treatment. Always seek the advice of a physician or other qualified health provider with any questions you may have regarding a medical condition and before consuming or using any of the products mentioned on this site.
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