Since CBD has only been available since 2018, it’s pretty difficult to gauge its “average market price.” We simply don’t have enough historical data to understand what a fair price for CBD should be. Also, farmers have just begun cultivating hemp flowers, yet the demand for CBD remains incredibly high. The disconnect between supply-and-demand has weighed heavily on CBD’s higher price tag in the past few years.
Although it’s difficult to say what CBD oil’s “fair value” should be, we have enough data to suggest an average price range for CBD supplements. Hopefully, the data in this post will help you better understand whether your CBD oil is a “good bargain.”
How Much Should People Expect To Pay On CBD Oil?
When customers evaluate the value of a CBD supplement, they try to figure out how much one milligram of CBD costs. Generally, anything under $0.10 per mg of CBD could be considered a “cheap rate.” Products in the $0.10 – $0.15 per mg range could be considered mid-tier CBD products, while those close to or above $0.20 per mg are usually “premium-grade” CBD.
Please remember these price targets don’t matter if your CBD oil is poor quality. Don’t assume just because one CBD oil has a higher price tag that it must be “better” than lower-tier products. There are affordable CBD oils that meet all the same requirements as pricier extracts.
While you should consider the average price of your CBD oil, you shouldn’t rely on it to tell you the quality of your CBD extract. You still need to check out your CBD oil’s third-party lab results to double-check your product has clean CBD with no heavy metals or nasty additives.
How Do You Tell If A CBD Oil Is Worth The Cost?
As mentioned above, the easiest way to gauge a CBD oil’s average price is to figure out the cost per mg of CBD. To do this, divide the price of your CBD oil by the total milligram count. As a simple example, if your CBD oil retails for $50 and it has 500 mg of CBD, you’d be paying $0.10 per mg of CBD (50 ÷ 500 = 0.1).
While CBD oils that cost less than $0.10 per mg are generally considered the “best bargain,” that doesn’t always mean they’re a “great value.” You can’t just rely on the average price of CBD per mg to assess the value of your product. Please remember to factor in your brand’s reputation and their third-party lab results. Also, some customers don’t mind paying up for full-spectrum CBD oil since these contain secondary cannabinoids you won’t find in CBD isolate powder.
Every customer will have unique standards for judging the fair cost for their CBD oil. Please take a few moments to figure out what you want in a CBD oil and then calculate the average cost per mg of CBD. Knowing what you want out of a CBD extract will make it easier to decide when a CBD oil is in an ideal price zone.
Real Tested CBD Takes Care Of CBD Price Calculations
To take the strain out of your CBD shopping experience, Real Tested CBD calculates the average price of CBD per mg with every product we test. When you pull up one of our unbiased lab reports, you’ll see an easy-to-scan graph that clues you in on the core details for each CBD oil, gummy, or vape cart. You could also read through our more detailed summary and pros & cons to better understand how we rank each CBD brand.
Please check out all the CBD brand reviews on Real Tested CBD’s site to get a sense for which companies offer the best deals relative to their products’ quality.