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Help! Why is CBD So Expensive?

If you are interested in CBD, you may have looked at some products and wondered, “Why is CBD so expensive?” and “Is cheap CBD available?”

It’s certainly not because of a lack of demand. In 2019, 64 million Americans said they had tried CBD in the past 24 months. And it’s not a lack of supply: The range of CBD products is extensive, with everything from CBD oil to gummies to bath bombs pillows vying for consumers’ attention. There’s tea, coffee, skin care products, clothing, sprays, suppositories, edibles, and beverages, with new products coming out every day.

So why are CBD products so expensive, and are there sources of inexpensive CBD out there? We’ll address both those questions.

How Much Does CBD Cost?

If you’ve shopped for CBD products recently, you’ve probably seen a wide range of prices. The cost of CBD oil, for instance, averages between $0.05 to $0.20 per mg of CBD. To put that in perspective, a $140 bottle of CBD oil that contains 1500mg of CBD costs about $.09 per mg. Here’s a CBD oil price comparison for some popular brands.

The costs can add up to a lot of money over 12 months. CBD oil for just you and your pet can be $2,400 a year or more. And don’t forget all the other CBD products that are available aren’t cheap, either: CBD bath bombs can be $10-$30 each, while a CBD-infused pillow sells for $129. A CBD pillow? Seriously? But that’s a topic for another blog.

While the cost may be prohibitive for some, it certainly hasn’t hurt sales: In 2019, CBD sales amounted to about $5 billion; Estimates are that number will rise to $20 billion in the US alone by 2023.

What to Look for When Buying CBD

CBD bottles. How to buy CBD.With CBD, as with many products, you get what you pay for. If you’re buying mystery CBD from an unreputable brand, it may cost less. But it also may be non-organic hemp grown overseas in contaminated soil, and it may lack third-party lab analysis that ensures it’s pure and free from THC, pesticides, heavy metals, residual solvents, and bacteria.

Or – especially if you are shopping on Amazon – you may be buying hemp oil, rather than CBD oil. Hemp oil and CBD oil are not the same things. CBD uses the entire hemp plant, and the result is pure CBD. Hemp oil is usually pressed just from hemp seeds and contains no CBD. 

Here’s what to look for when buying CBD:

Has a third-party lab tested the product?

If the products aren’t lab-tested, there’s no way to ensure there are no harmful chemicals or contaminants in the bottle. You may not be getting the amount of CBD (or THC) listed on the label.

Does the company post the results of the lab tests on its site?

If not, are the reports easy to access somewhere else? If you can’t get the lab results, beware.

How recent is the lab report?

If it’s from five years ago, again, beware.

Has the product been tested in a third-party lab?

A good, reputable lab has accreditation from the International Organization for Standardization (ISO).

Does the product have .3% THC or less?

If not, it may not be legal in your state. And if there’s too much THC, you may get psychoactive effects that you don’t get with pure CBD.

Where is the hemp sourced?

Hemp can grow in many places, but the growing conditions in the US make it the best place to produce quality hemp.

Are the ingredients all-natural?

Are there additives and hard-to-pronounce ingredients? If so, be sure you know what you’re getting.

What type of CBD is used?

There are three types to consider:

CBD Isolate, which is pure CBD extracted from the hemp plant and isolated from other cannabinoids. The result is pure CBD.

Full-Spectrum CBD is the “kitchen sink CBD.” In other words, it has everything the plant contains, including THC. Because it contains THC, it may not be legal where you live.

Broad Spectrum CBD is a full-spectrum CBD with NO THC.

So, Why is CBD So Expensive?

Hemp farmer examining seeds

When you buy CBD from a reputable supplier, here’s what you’re paying for:

1. The cost to grow hemp

As with any crop, farmers need to pay the costs for land, seed, water, specialized equipment, and labor. They often have to pay high licensing fees to the state. After all that, they need to generate a reasonable margin with their crops to make a profit.

2. The cost to extract CBD

The cannabis plant is the source of CBD. Each plant provides a relatively small amount, so you need a lot of plants to get enough raw material to produce a small amount of CBD oil. The cost to extract the CBD involves time, specialized equipment, and labor. Again, to make a profit, a reasonable margin needs to be realized.

3. The cost to test CBD

Buy a product that is labeled correctly and is free from contaminants. The way to do that is to buy CBD tested by an independent third-party lab. Lab testing incurs another cost.

4. The cost to sell CBD

There are a variety of costs associated with selling any item, and CBD is no different. There are packaging, advertising, and shipping costs to consider. Brick-and-mortar retailers have a lot of overhead, so products are marked up so retailers can make a profit.

As you can calculate from above, the cost to grow, extract, test, and sell CBD can quickly add up. And then there’s:

5. Unscrupulous and greedy sellers

Because CBD sales have exploded, there are sellers out there who are just looking to make a quick buck. Their goal is simply to manufacture the compound and sell it for as much as they can get for it. You don’t know what you’re getting if the hemp is grown and manufactured overseas or lacks third-party testing. The product and have more (or less) THC and CBD than shown on the label, or it may contain contaminants. Be sure to look for a reputable brand that grows its hemp in the US, has third-party testing, and has excellent reviews.

Wait a minute, Is there such a thing as cheap, quality CBD?

Sunrise CBD productsThere is good news: The answer is “Yes,” you can get cheap CBD that’s high quality. Sunrise CBD has the cheapest (we prefer “inexpensive”) CBD oil, as well as other CBD products, anywhere. Our CBD is organic, pure, all-natural, and vegan-friendly. It has no contaminants. We have our products tested by a third-party lab to ensure that you get what it says on the label. That’s important: One study found that of 84 products from 31 companies tested, only about 31% of tested products contained the amount of CBD shown on the label. Almost 43 percent had more CBD than stated, and 26 percent had less. That means some 70% of products did not contain the strength of CBD shown on the label.

Our goal is to have a successful business that also helps people lead better lives. That’s why our focus is on quality and price. How do we do it? First, there’s no fancy packaging, so you’re not paying for that. Second, you can’t buy Sunrise CBD in stores. Our products are available only online. That means there’s no intermediary to drive up prices. Because we ship directly to you, we can sell at prices that are as much as 80% lower than other brands. 

So, if you’re looking for high quality, low-cost CBD, head over to https://sunrisecbd.com/shop/ and check out our prices. Trying our products is risk-free. Your complete satisfaction is our primary mission, so we offer a 100% money-back guarantee. If you’re not happy for any reason, we’ll refund your money. And we’ll even send you a return label via email.

Hemp’s not just great for CBD, it’s great for the planet.

When the Agriculture Improvement Act of 2018 (AKA “The Farm Bill”) was passed last December, hemp was removed from the Controlled Substances Act. While the 2014 Farm Bill allowed industrial farmers to start growing hemp if made legal at the state level, the 2018 Farm Bill meant it was no longer an illegal substance at the federal level. This paved the way for CBD products and the hoopla surrounding that kept hemp itself somewhere in the shadows. Sure, this versatile plant is important in CBD production, but it’s so much more. And it’s great for the planet!

Hemp: Something Old is New Again

Hemp is nothing new. Evidence of hemp rope was found via an imprint in broken Chinese pottery from about 10,000 B.C. A remnant of hemp cloth dating back to 8,000 B.C. was found by archaeologists in ancient Mesopotamia (now Iran and Iraq). Up until the cotton gin was invented, hemp was the most popular fiber for textiles. In fact, the first American Flag, sewn by Betsy Ross, was made of hemp, as were the covers of the Conestoga wagons that brought American West.

Hemp had many other uses as well. The Chinese used hemp to make durable bow strings and paper. In the Middle Ages, hemp was used to make sails for ships. In fact, the word “canvas” comes from “cannabis” and means “made from hemp.”

So hemp has a strong place in history, but the modern era stigmatized hemp because of its relation to marijuana (hemp and marijuana are both members of the cannabis family), ignoring its historical uses and its promise as a sustainable crop that can be made into fiber, building materials, plastic, rope, paper, jewelry and biofuels – there are some 25,000 products made with hemp. And in addition, hemp aids in water and soil purification.

The Sustainability of Hemp

Hemp shows great promise for a sustainable crop, a crop that is grown in an ecologically mindful way, with a focus on soil health and biodiversity rather than using chemicals.

According to Sana Packaging, which produces hemp-based plastic packaging for the cannabis industry, hemp has great promise. On the company’s website it says, “The domestic hemp industry is growing over 30% per year and has the potential to reinvigorate economically stifled agricultural communities all across the United States. With its rapid growth cycle, hardiness, and versatility, hemp provides maximum benefit with minimal impact on the environment.”

Hemp is also a great crop for producing durable textiles. When compared with cotton, for instance, hemp is a far more sustainable crop:

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Hemp v. cotton sustainability infographic

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Hemp can also be used to make paper. One acre of hemp can produce 4 times more paper than one acre of trees, and hemp is ready for harvest after just four months, vs. 20-50 years for trees. Hemp breathes in 4x the carbon dioxide (CO2) of trees during its growing cycle, requires no chlorine bleach and hemp paper can be recycled up to 7 to 8 times, compared with 3 times for wood pulp paper.

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Hemp v. wood sustainability infographic

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Hemp’s Great for the Planet

Hemp aids in water and soil purification. It was used in Chernobyl in the 1990s because of its ability to extract heavy metals from contaminated land. In Italy, farmers planted industrial hemp to leach heavy metals from the soil contaminated by a nearby steel plant.

The process is known as phytoremediation. In phytoremediation contaminants are absorbed by living plants, in this case hemp, which removes heavy metals, particularly copper, cadmium and nickel from contaminated soils.

Some other ways hemps is great for the planet:

Health benefits of Hemp

Of course, hemp isn’t just great for the planet: It has health benefits, too. Another product that comes from hemp is hemp seeds. Hemp seeds are considered a superfood because they are rich in protein, fiber, and healthful fatty acids. More than 25% of their total calories are from high-quality protein, so hemp seeds are a great protein source. They contain vitamin E, magnesium, phosphorous, and potassium, as well as iron, zinc and B vitamins.

Hemp oil is a seed oil that contains no CBD, which is also derived from the hemp plant.

CBD oil on the other hand, is also derived from the hemp plant. It is extracted from the entire hemp plant for a compound that is 99+% pure CBD. While derived from a plant from the same family as marijuana, CBD has zero THC, so it doesn’t have the psychoactive properties of pot.

What is does have is the cannabinoid that assist in providing relief for a number of ailments from acne to rheumatoid arthritis. It has been approved as a treatment for a rare type of epilepsy, but otherwise is not regulated by the FDA. However, CBD is safe, effective and non-habit forming, so it’s an excellent alternative to prescription medication. Check out “CBD 101” for everything you need to know about CBD.

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Sunrise CBD is conscious CBD crafted for wellness. We ship direct to your home, so we cut out the middleman and can offer our products at up to 80% off other brands’ prices. Check out our shop and see for yourself!

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