If you’ve explored the idea of using CBD to improve your health and wellness, chances are you’ve looked into it and wondered Why on earth is CBD so damn expensive?
We get it. Which is why we’re committed to providing you with the best CBD products at the best price.
But even the best price is still more than we’re used to for standard pharmaceuticals.
So let’s break it down and talk about why CBD can have a little bit of a sticker shock, why that’s a good thing, and what you can expect in the future.
CBD is so expensive
So here’s the thing…
If your CBD product is cheap, there’s a very good chance there’s no actual CBD in it.
Here’s why: CBD isn’t regulated, so you could literally put some liquid in a bottle, slap a label on it, and sell it as CBD.
And that’s important information for you as you decide where and who to purchase your CBD from.
An ethically run CBD company spends dollars and effort to deliver a high quality product, which gets passed onto the consumer in an effort to keep business up and running.
Why is CBD so expensive? Third-party lab testing.
CBD companies, like those we source our products from, submit all their products to third party lab testing to ensure the quality is consistent and accurate.
Why is CBD so expensive? Extraction machines are expensive.
CBD has to be extracted and properly separated from THC in order to deliver the best quality product, and also to be in compliance with the Farm Bill.
Machines that perform this delicate extraction aren’t cheap, becoming another business expense for hemp farms.
We’ll take a moment to issue a gentle reminder: CBD is safe – just be sure you’re getting actual CBD!
Why is CBD so expensive? Supply and demand (a lesson in economics)
As a quick refresher: the Farm Bill legalized industrial hemp with less than .3% THC.
Farming hemp was illegal (unless you jumped through all the hoops and got permission) until the Farm Bill of 2018.
So the Farm Bill legalized hemp, allowing CBD to be produced, but we still had to wait for the plants to grow!
Farms couldn’t instantly produce a crop of hemp the day the Farm Bill was signed.
Fields had to be planted first.
And then, you know… sunlight, water, the whole bit…
THEN harvest time comes.
And that’s just to get the cannabis plant.
Then we’ve got extraction, processing, testing, packaging…
There’s a lot of time that passes from seed to market. We’re just now starting to see a decent supply for the incredible demand of CBD.
When supply is low and demand is high, prices of produce go up.
Why is CBD so expensive? The cost of doing CBD business.
Another reason CBD is so expensive is the cost of doing legal business. CBD companies, including hemp farm suppliers, require high-risk insurance, legal counsel, and licensing. Since CBD isn’t regulated on a federal level, each state chooses how to license and regulate hemp farms. And it’s not cheap.
If CBD is so expensive, why do farmers produce it?
The expense of CBD can be discouraging. But hemp farmers believe in the plant they produce. And they’ve seen the incredible effects of CBD on family, friends, and strangers alike.
CBD is surrounded by so much stigma it can feel almost not worth it. But our producers believe in the healing effects of CBD enough that they’re willing to jump through hoops to provide a valuable product for you.
CBD can be a buzzword
Be careful where you’re buying your CBD. Sometimes CBD is implied but not actually included in the product.
Since CBD was only recently legalized, companies have been searching for ways to give customers the impression that CBD is part of their product, when in fact it’s not even a small ingredient.
For example, CBD is against Amazon’s TOS. So companies will tout products with hemp oil hoping users will feel like they’re purchasing CBD.
Here’s the thing: Hemp Oil is NOT CBD.
Many products include small doses of cannabidiol oil, but it’s not enough to offer therapeutic benefit.
Be a smart CBD user
Be sure when you’re purchasing CBD oil that you’re buying a product that has been tested and verified (like every product in our shop.)
Be sure it includes at least 300mg/dose of CBD. Anything less than that has no therapeutic benefit.
And don’t be afraid to ask questions to be sure you’re buying a high-quality product.
When there’s no government regulation, we have to rely on trustworthy business practices to ensure we’re getting the product advertised.
TL;DR: CBD is expensive, but that might be a good thing
CBD can change lives.
And when your CBD product is more than a few bucks per ounce, you now understand why ethical CBD companies have to charge so much. It’s simply the cost of doing CBD business in a way that protects and helps CBD users like you.
Yes it’s expensive, but hopefully as more crop is produced (supply goes up!) the cost of doing business will come down.
Until then, you can feel confident purchasing CBD from trusted sources who verify and test each product before it goes to market.