Having helped thousands of people throughout NZ, we know exactly how you can save yourself money while using CBD oil and medicinal cannabis products.
Dosing is really important to get right and mistakes are very common. Instructions like this for our patients are critical in ensuring that you take your medicine at the correct time and in the right amount.
Can you tell me the cost of specific CBD Oil products?
If you have already been using CBD oil or THC, and you know it works for you already, I would do the opposite and invest in the bottle with the highest total amount of medicinal cannabis. While the up-front cost will be higher, the daily cost will be lower.
While claiming on ACC is also possible, unfortunately we have found them harder to deal with. The good news is that we are hoping this will change over time and with more work from the industry collaboratively, we can expect better results in the future.
Once you get your prescription from your GP, your local pharmacy can order the product on your behalf. Depending on where you live, the price may fluctuate, and delivery times can be unpredictable. We have also had patients being offered almost double the price of what another pharmacy would charge! Alternatively, if you become one of our patients we can dispense your medication through our pharmacy, ensuring you are only charged a fair price.
For the last few years, cannabidiol (CBD) has become one of the hottest wellness trends. Touted for its potential health benefits, CBD oil is one of the most popular items in this space, with products popping up in nail salons, spas, big-box retailers, and health stores throughout the US.
Some companies might do all the production work in-house, but many CBD companies use a larger manufacturer for production. The CBD companies then must market and ship their products. Stem said this can cost around $25,000 to launch, plus a per-unit cost between $2.50 and $12.50.
How much does CBD oil cost the consumer?
CBD can be derived from either hemp or marijuana plants. From a legal perspective, the cannabis plant from which the CBD is extracted makes a big difference. In the United States, a hemp plant must contain less than 0.3% THC. These plants are sometimes referred to as industrial hemp, and they are 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. If it’s legal or not is really the only distinction that matters when choosing whether to purchase CBD derived from marijuana or from hemp.
CBD can be derived from either hemp or marijuana. Photo by: Gina Coleman/Weedmaps
“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.