Some of the top brands of CBD oil can cost you several hundred dollars for a single bottle. Still, you can genuine CBD oil for much less, if you can see through the marketing stunts.
To sell CBD legally in the EU and UK, it needs to contain no more than .2% traces of THC. Achieving this is responsible for a large part of the cost of the CBD products on shop shelves. Both of these factors will help in scaling up the production for the entire industry. This, in turn, would lead to the reduction of costs of raw material, equipment, and support services. Some companies believe Full Spectrum oil to be more beneficial due to the entourage effect while others consider broad-spectrum and CBD isolate to be better for not having any traces of THC in them.
They CBD oil consider it to be risky to partner in with the companies dealing in an already long-time blemished product. And even if they do partner with the company, they do it on their terms by charging higher processing or consultancy fees compared to other industries. This forces CBD manufacturers to appoint a permanent legal team to guide them on all the aspects of the business from product development to customer complaints.
Know The Difference In Cbd Type
So, the type of product would also have an impact on the cost of CBD. If there are brands that are investing so much in producing high-quality products, there are manufacturers who do not follow any of these processes. And this leads to some additional cost implications exclusive to these products.
Cbd Hemp Oil Is Not Hemp Seed Oil
- These products can be billed just as high as, if not higher than, quality CBD products.
- A sad truth is that some companies price their products in a way that’s misleading.
- Some companies even bill their product as CBD when it actually contains hemp products that aren’t CBD, such as seed oil.
All these high-quality farming practices add to the cost of production and eventually cause a hike in the final price of the supplement. There is another important factor that needs to be considered while growing the hemp plant. As the extract has to be eventually used in the health supplements, it should be free from all the harmful chemicals including pesticides, herbicides, and chemical fertilizers.
The extraction of CBD is a complex process that not only isolates CBD from the plant but also removes many impurities like lipids and chlorophyll present naturally in the plant. It also ensures that no microbial contamination remains in the final extract. All these impurities and contaminants can be very harmful if consumed. These expenses again add to the manufacturing cost and eventually impact the final price of the product. It requires adherence to many agricultural practices defined by the respective state.
Now, even in these states, growing these CBD-rich plants is pretty expensive. It requires specific environmental conditions to get the desired breed of the hemp plants. The ambiguity in the legal status also creates apprehensions in the mind of the financial institutions.
All these high-quality processes add significantly to the CBD oil cost. To reach this SCF state CO2 has to be heated at an extremely high temperature under high-pressure conditions. And generating such heat at high pressures needs a lot of energy which again adds to the high operational cost of the CO2 extraction plant.
All the above activities incur high costs and thus impact the final price of CBD. Each batch of CBD extract and the pre-packaged product is tested for multiple quality parameters in the in-house laboratories. Besides, samples of each batch are collected and sent for outside laboratory for more advanced third party testing. So, all the above minor ingredients too, add to the cost of production that gets reflected in the final price of the product.