View the original article about What A “Good Price” Is For CBD Oil at Real Tested CBD.
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.”
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…
