Why is CBD So Expensive?
Why is CBD so expensive? Here’s a breakdown on what makes a CBD oil worth your money. Savvy CBD oil shoppers will have already noticed the vast and confusing range of CBD oil prices. There are CBD oils for thirty dollars or less and then the same size can sell for over a hundred dollars. The ingredients may be the same, and the extraction method, and even the milligrams per dose, but there is a confounding price difference from one brand and another. Is there a real difference between these CBD products? What’s the rationale for price difference? And why is CBD oil so expensive? Despite some recent crackdowns by the Food and Drug Administration on the CBD industry, it still operates like the wild west. Aside from a few basic guidelines on medical claims, there is little to no oversight about what goes into a bottle of CBD oil. That means no standard dose, no max dosage per bottle, and no standards about quality. Many consumers have been left bewildered and frustrated by the astronomical prices. What is going on inside a CBD oil that makes it so expensive? The Numbers: How Expensive is CBD, Really? The CBD industry is on course to break records over the coming years. According to a press release from the Brightfield Group, CBD experienced a 700 percent increase in 2019. They also predict that the American market alone will reach close to twenty-four billion dollars by 2023. Tinctures, topicals, and CBD-infused beauty products…
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