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Although more research needs to be done, more and more people are using CBD oil as a natural remedy for a variety of health concerns. Acquiring CBD oil is extremely difficult and puts the buyer into extreme confusion due to the large difference in prices. Some brands of CBD oil or CBD products are very cheap as compared to the rest. Some cost as much as gold does! So, what causes this disparity and why is it this way?
If it’s your first time venturing into the CBD world, you might be feeling somewhat shocked at the high prices. Why does CBD oil cost so much? Well in most cases, especially with the best CBD brands, there’s a good reason why CBD oil is so expensive.
Certain factors and processes add to the cost of CBD oil. We need to understand what these are and how they contribute to the final product. The first and foremost is the cost of growing the raw material, that is hemp or cannabis plant.
The plant requires farming that has its own costs but what adds to the basic cost is the fact that it is illegal in most countries of the world. So, it must be imported from countries where it is legally grown. The import costs a lot because it must go through the government’s approval along with transportation costs.
Furthermore, the cost of extracting CBD oil from hemp or cannabis plant is also added to the manufacturing cost. The processing requires labour, equipment and complex processes. The next step of the process is to purify the CBD oil.
Purifying is very important as the hemp plant can absorb toxins from the soil very easily. The price of this purifying and then testing increases the cost of the CBD oil.
CBD oil is rare, and the legality is still a grey area in most countries, so the cost increases due to scarcity.
Cheap CBD oils may not be very safe. They do not go through proper purifying and safety procedures to save on the manufacturing costs. Moreover, these may also be oils that have substandard raw material used in them, and some have been found to have no CBD in them at all!
Expensive CBD oils go through proper processing and manufacturing. They are sold using proper channels and are generally backed up by legal agreements. They are better for medicinal purposes as it is guaranteed that no impurities can react with your body and they also contain the lowest THC compounds.
Related Article: CBD vs THC
Well, assuming that you have then there are a number of factors driving up the price of the CBD. First of all, CBD can only be grown in certain countries or states, and any limitation or exclusivity adds up. Most CBD Oil is legal in the UK, however, it’s always best practice to research current laws before purchasing CBD oil. General confusion surrounding the legality of cannabis and cannabis products is a constant issue among consumers.
Added to that there are heavy taxes placed on the growth of legal cannabis cultivation. And on top of that are a lot of licensing fees due to the amount of government oversight there needs to be.
Additionally, in certain countries, like the United Kingdom, there are only a specific number of growers that can get a license. So licenses are very rare and often end up going to friends and family of the UK government.
CBD is truly a business where you need to be bringing a lot of cash to play just to even start your business. After all the legalities are taken care of there’s the matter of storing and maintaining your stock. Cannabis is a tough and durable plant but it requires certain temperatures and continuous levels of care. In some locales, that’s simply impossible to do. The prices get high, forgive the expression, really quickly.
And then after all that, once a business has got itself set up with a decent CBD supplier, the products themselves will be heavily taxed. This, naturally, drives up the price.
Like we said up top, we understand why you might be a bit nervous shelling out this kind of money for CBD. You look at these tiny bottles sitting on the shelf, massive price tag, and you wonder, is this worth it? Well hopefully you know by now but clearly the production of CBD involves innumerable obstacles.
There’s not just the practical and legal difficulties, there’s also public stigma to contend with. People starting CBD companies know that there are those that will just say it’s simply cannabis. That the proprietors are really drug dealers. This negative image is unrelenting and can create a real strain on decent business owners.
And a final question you should probably ask yourself if you’re unsure about CBD. What if it really works? We know that there is still quite a lot of research to be done on the effects and potential benefits of CBD. But what if it really worked? If it could really do all the things people claim it can. Would it be worth it then? There’s only one way to find out after all.
You should buy CBD oil after very careful research and should stay away from the cheapest ones as they are of low quality and safety is not guaranteed. You should be careful while buying CBD oil and should always buy it through legal channels and brands that are transparent and publish their safety test results and legal agreements. Paying a bit more is better than the trouble you will experience when you use low-quality CBD oil to treat your illness. So whether your using a CBD vape pen or a CBD tincture our you must keep the article above in your mind at all times!