CBD is a promising healing agent derived from the cannabis plant, which can address innumerable medical conditions. Even though CBD is fairly common nowadays, many people aren’t aware of the main aspects of this divine bliss. Many users are in love with how it affects their bodies. However, they do not know enough about the manufacturing procedures of CBD oil. This is why they get blown up with the average price range of CBD products. 

Why is CBD so expensive? Many users wonder why they have to pay high CBD oil costs to enjoy its healing benefits. There’s a lot that you need to know before you jump to a conclusion. Your CBD drops undergo many expensive procedures before they make their way to your home. Here’s everything about what makes CBD oil expensive. 

CBD Oil Prices: 2023

According to surveys, an analysis of the prices of multiple CBD products in 2023 shows that the average price of CBD oil varies from $0.78 to $4.1 per serving. This may sound expensive to many buyers, especially those on a budget. 

Although the price of CBD oils is high, we must recognize the fact that they can address multiple medical conditions at the same time. It is like one product working for various functions of the body. If you calculate the sum of money you spend on multiple medications, this price might not sound as huge as it may sounds right now. 

Factors That Drive Up the Price of CBD Oil

Here’s why CBD products cost more than you expect them to. Stick around to learn more. 

1. Harvesting Procedure

Growing a cannabis plant is costly and involves a lot of skill and patience. Farmers have to endure a lot of losses as well. The process requires diligence and technical knowledge to grow a healthy plant.

2. Costly Extraction Processes

All brands use different types of extraction methods to manufacture CBD oil. Some techniques cost less than others. Reputable brands like PlusCBD always opt for the more expensive methods, CO2 or ethanol extraction ones because these are safer than the cheaper ones. This is something most users are not aware of, and thus they end up buying cheaper products that aren’t good for their health.

3. Third-Party Tests

Third-party laboratory testing is a costly business. These tests also add up to the price of your CBD products. These test reports are crucial as they tell a lot about the quality of your CBD product. Skipping this part leaves the quality and purity of the product in a gray area. 

4. Distribution and Marketing

One of the challenges in distributing CBD oil is that it is still illegal under federal law, even though it is legal in some states. This can create difficulties for manufacturers and retailers in transporting and distributing their products across state lines. Additionally, CBD industry lacks a standardized distribution system, which can make it difficult for companies to reach consumers in a cost-effective manner.

Premium packaging and extensive marketing campaigns can increase the cost of the product.

5. Legal and Regulatory Compliance

The legal and regulatory landscape surrounding CBD is complex and constantly evolving. Companies that comply with all necessary regulations and laws may face higher costs that are passed on to the consumer.

Final Thoughts

Manufacturing CBD oils, tinctures, capsules and other products cost high, which is why the prices are so high. Also, it’s highly demanded by a massive population of people across the world. This explains why falling for cheaper products can even cost your health. So make sure to shop smartly and try buying CBD products during sales rather than going for cheaper options. It can help you save a lot of money if you’re on a budget.