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.
There may also be significant markups on the retail side, as cannabis dispensaries are not allowed any type of business write-offs per Section 280E of the Internal Revenue Code.
What are the different types of CBD?
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.
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
Instead of hemp-derived vs. marijuana-derived, it might be more relevant to compare whole-plant CBD, which can be full-spectrum or broad-spectrum, with isolate CBD. The latter results from refining the CBD compound into its pure form, minus other cannabinoid compounds such as terpenes, which provide flavors, aromas, or enhanced physiological or cerebral effects.
Using your product only when you need it is important to avoid wasting it. This can be tricky with CBD oil as it sometimes takes regular use for 2-3 weeks to see an effect.
For example, with a bottle that has a total of 1000mg CBD oil, a daily dose of 50mg will cost about $7/day. With a 2500mg bottle of CBD oil, this is reduced to about $5/day.
TIP 2: What also really helps is a trial of CBD oil and noticing a benefit from it before applying. That way, your case manager knows that the treatment you are on is actually working and helping you. Back that up with a signed doctor’s letter and your chances of success here is increased.
6. Make Sure You Are Taking Your Correct CBD Dose .
There are various companies currently importing CBD oil into New Zealand. Although some companies, such as Cannasouth and Helius Therapeutics, are planting and getting ready to produce locally, none of the existing CBD prescriptions are NZ-made. They usually originate from the USA, UK or Switzerland. We expect NZ-made products in late 2021 or in 2022.
The cost of THC is $1-2 per day, depending on the dose you use. THC bottles are $190 – $250, depending on their concentration. There is currently a limited selection of THC products available to prescribe. With the right product to suit your needs and using the correct doses, THC is quite affordable to maintain long term. If you are currently using Sativex then please consider speaking to your doctor about other more affordable options.
If your doctor needs to refer you to a specialist before being willing to prescribe THC, you could end up waiting months just for the specialist appointment. Alongside multiple doctor and specialist visits, you still may not end up with a prescription.
Remember, the cost of the prescription excludes the product so finding the right way to get an affordable product is also important.
Part of what makes CBD pricing so enigmatic is that it’s an emerging industry, so the standards are just being established. Most companies sell 30ml tinctures, for example, but others will offer 15ml and 60ml sizes as well. Plus, because CBD is trending at the moment, pricing is at its peak.
Below, we break down the average costs of each type of CBD product. Before we get into that, however, we describe the various factors that can impact the cost of CBD oil.
Factors that impact the cost of CBD oil
CBD can be extracted from the hemp plant in a variety of ways. The most common methods include CO2 extraction, steam distillation, natural solvent extraction (usually using ethanol), or hydrocarbon extraction.
CBD bath bombs contain anywhere from 25mg to 100mg of CBD. Designed for one-time use, these have a higher cost per mg, at Some brands manage to lower their production costs by using organic hemp sourced from European farms, as opposed to American ones..10 to The type of hemp a CBD oil is extracted from is a mark of quality as much as the extraction method is. The best CBD oils come from hemp that is organic, pesticide-free, and non-GMO. Of course, it is more expensive to use organic hemp, so these products may be more expensive..60 per mg. Each CBD bath bomb may cost $10 to $15, although you’ll find premium options as expensive as $30.
Finally, where you buy the CBD oil can affect the cost. You’ll typically enjoy the cheapest price available for a CBD brand when you purchase it directly from the company’s website. Buying direct may also present additional discounts like free shipping offers or an online promotion.