Hemp became federally legal in the United States under the 2018 Farm Bill. One use of the hemp plant is the extraction of CBD, a non-psychoactive compound found in hemp and cannabis plants.
While there is still some grey area around the legality of CBD from cannabis in certain states, the legalization of hemp is great news for the CBD industry. The use of CBD oil from Hemp is legal in all states.
Since it is a relatively newly-legal product to the market, there aren’t many regulations in place to monitor and regulate prices. The industry has even been compared to the wild west because of its lack of consistency around pricing.
So, how much does CBD oil cost? Keep reading to find a detailed breakdown of prices and concentrations from popular brands, and to find out more information about the benefits and legalities surrounding the use of CBD oil.
What is CBD Oil?
Cannabidiol (CBD) oil is the non-psychoactive compound found in the hemp and cannabis plants.
It is often confused with tetrahydrocannabinol (THC) which is the psychoactive compound found in cannabis plants (as in, the one that gets you high). CBD does not produce psychoactive effects. It does not get you high.
It does, however, cause feelings of drowsiness and sleepiness, which is why it is known for being useful to help people with insomnia or trouble sleeping.
There are two categories of CBD oil. Crystalline isolate, which is 100% pure CBD and has zero traces of THC or any other active compounds of the cannabis plant, and full spectrum oil from cannabis, which contains THC and is only legal in states where marijuana use has been legalized. However, full spectrum CBD oil from hemp is legal in all states and does not cause any high.
Why Use CBD Oil?
More and more people are now turning to CBD oil as a natural remedy for various health concerns including insomnia, anxiety, epilepsy, chronic pain, and inflammation.
While the solid scientific evidence is limited in terms of most of these conditions, many users of CBD oil have reported that it helps.
There is solid scientific evidence, however, of CBD oil’s impact on epilepsy. Last year, the FDA unanimously agreed to approve a CBD medication to treat two rare forms of childhood epilepsy.
The treatment of these forms of epilepsy is only scientifically supported evidence proving the benefits of CBD, but many clinical trials have seen positive changes in terms of insomnia, anxiety and chronic pain.
CBD oil does not cure any of these conditions, but according to many users, it helps patients cope with their symptoms.
Is CBD Oil Legal?
The legality surrounding CBD oil from Cannabis is a complex issue and differs on a state-by-state basis. The use of crystalline isolate (pure CBD crystals) is legal in most states, but full spectrum cannabis oil remains legal only in states where marijuana use has been legalized.
Some states have more complicated laws surrounding its use. For example, in Mississippi, the use of marijuana-based CBD oil is illegal for use, except when medically prescribed to treat epilepsy.
In Idaho, marijuana CBD use is illegal for both recreational and medical purposes. In Kentucky, marijuana-based CBD oil is completely illegal.
However, all CBD products from hemp are legal in all states without the need for a prescription or medical card. And, because hemp is naturally low in THC, there is no high from using these products.
It’s recommended to do your research and become familiar with the laws in your state before starting to use CBD oil for any reason.
How Much Does CBD Oil Cost?
This is the real reason you’re here, isn’t it? Because of the legal complexities surrounding the sale and use of CBD oil, and because of its newness to the market at all, the price of CBD oil ranges drastically from brand to brand.
CBD oil prices vary with little or no real explanation as to why. The best way to determine CBD oil cost is to calculate the price per milligram.
It’s important to note, however, that a high price might not mean high quality. The average price taken from six popular, trusted brands is $0.15/mg.
When shopping for CBD oil, you should do your research and consider more than just the price. Things you should look for and questions you should ask are as follows.
Was the CBD grown at an accredited farm?
Was it grown organically (without the use of pesticides)?
Does it pass a third-party lab test?
Was it extracted through a C02 extraction process?
Does it have positive reviews from real users?
Reputable companies will have all of this information available on the label. It should not be hard to find. Even if you’ve found an oil for a low price (under $0.15/mg), you should make sure it meets all of the above criteria before buying.
Third-party lab tests are important to determine the cannabinoid content of a product. A Dutch study found that only 7 out of 46 tested brands contained any traces of cannabidiol at all.
How Much CBD Oil Should You Take?
When first deciding how much CBD oil to take, there are a few determining factors to consider. First of all, your bodyweight. Second of all, your desired affects.
For people who weigh less than 130 pounds, it’s recommended to take a dosage of 11 to 17mg, depending if you’re looking for mild, moderate or strong effects. For people 130 to 230 pounds, 18 to 27mg is the sweet spot.
For people who weight more than 230 pounds, larger doses are required and it’s recommended to take 23 to 45mg. Again, these numbers are dependent on your desired effects.
If you’re a first-time CBD oil user, air on the side of caution and start at the low end of those spectrums. And it’s always a good idea to consult your doctor before taking CBD oil or any other medication.
There aren’t any solid rules and regulations around the concentration and price of CBD oil in the United States, making it difficult to know whether or not you’re getting ripped off.
How much does CBD oil cost? The average cost calculated from six trusted brands is $0.15 per milligram. But the price is not the only thing to consider.
Make sure you do your research and only buy products from accredited farms and products that pass third-party lab tests. Read reviews and make sure to leave reviews about your own experience too.
For more information on CBD prices and other information regarding benefits and side effects, visit our F.A.Q. page. Happy shopping!