CBD oil is becoming a very big market right now. So many different demographics of people are using CBD for health issues like pain, inflammation, decreased appetite, seizures, anxiety and depression. If you’ve recently decided to try CBD oil, you probably have noticed that it’s quite expensive. You can sometimes find a brand that is affordably priced, but you have to be careful.
With CBD, you’re getting what you pay for. It’s not a good idea to focus too much on price. You could be losing out on the effects that the CBD could be providing you with a better quality of CBD. If you’re concerned that you’re paying too much for your CBD, we’re going to talk about what it costs to grow, manufacture and sell CBD. This will give you an accurate depiction of why you’re paying what you’re paying.
CBD Products at a Glance
CBD oil is a natural product that contains cannabidiol. This is a compound that comes from the cannabis plant. As an active cannabinoid in the cannabis plant, there are many health benefits that can come from supplementing the endocannabinoid system in our body. This system is largely responsible for things like pain, cardiac function, digestive function, inflammation, immune responses and much more. When your endocannabinoid system is functioning more optimally, you’ll feel better overall. Your body will be more balanced, with each individual system working more efficiently together.
The Expense of CBD Oil
When you’re taking into account the price of buying a good quality CBD oil, you’ll want to start right from the beginning. In order to grow cannabis, you’ll need to meet certain standards of cultivation. From there, you have to turn the cannabis into a CBD oil. In order to do this safely, there are steps that need to be taken. The quality of the cannabis and the extraction methods used will all determine what the final price point is going to be for a CBD product. Don’t forget about the packaging, marketing and shipping that goes into running a successful business of any kind.
Growing Cannabis and the Costs
CBD oil comes only from the stalks and leaves of the cannabis plant. CBD is manufactured this way in order to prevent THC from being in the final product. A cannabis farmer must plant cannabis, grow it and harvest it. There is land, water and equipment involved in this process. If you’re not an experienced farmer, this process can have a lot of challenges along the way. In order to produce a good amount of CBD oil, there is a good deal of cannabis that will need to be grown. Not a lot of CBD comes from one single plant.
The Manufacturing Process of CBD
When CBD is extracted from a cannabis plant, it ends up being in the form of a gel. The CBD in gel form isn’t really usable by consumers. Because of that, it goes through a manufacturing process to turn it into an oil. The CBD will usually be suspended in a carrier oil of some sort. There are costs associated with this entire process. You have to pay for a person (or people) to complete this process. You need materials, carrier oils, etc. The additional ingredients that you’re using should be just as good of quality as the type of CBD that you have.
Manufacturing CBD oil and selling it isn’t really enough when you’re dealing with something that is medicinal in nature. The people who are buying CBD oil want to know that they’re buying something that is safe and pure. There are third-party labs that will test a CBD product, and they will provide the results. Many CBD brands will make this information public. This is a way to attract consumers. It isn’t free to have this third-party testing done. This is a major cost of running a CBD brand.
Many people are taken aback by the cost of CBD oil. However, these costs are very much justified. With CBD skyrocketing in sales, there obviously is a market for it. Business experts are predicting that the CBD market will total $2.1 billion by the year 2020. That is a 700 percent increase over the course of 4 years. It’s likely that this demand will increase. The pharmaceutical industry has even taken an interest in CBD. They have a chemical-based CBD product that is being prescribed to people with seizure disorders. Doctors are recommending CBD to their patients. There are veterinarians that are even backing the use of CBD for pets with various health issues.
Before you skip trying CBD because of the expense, think about everything that goes into the production of these products. Not only is there CBD oil being sold. There are also CBD capsules, edible products, topical creams, CBD water, CBD beauty products and much more. The brands that are manufacturing and selling these products need to pay their bills. This results in the average cost of CBD oil.