With the growing popularity and legalization of marijuana across the United States many are gaining interest in marijuana associated products. However, for those new users looking for the health and wellness benefits linked to weed without the psychoactivity of THC usage, the question lingers: why is CBD so expensive?
Why is CBD oil so expensive?
There are a myriad of reasons CBD oil cost is so high, with everything from the growing of the plant, the extraction of CBD, and a market supply and demand imbalance that is pushing the price of CBD distillate for sale up. Yet for many, the benefits of use outweigh the CBD oil cost. Since its discovery in 1940, CBD has been increasingly researched and cited as a successful pain management and relief therapy.
As of 2020, studies have also exalted its potential merits when it comes to easing anxiety disorders, cognition and even movement disorders. In 2019, the Food and Drug Administration (FDA) in the United States, even went as far as to legalize a drug to treat rare and severe forms of epilepsy that contains active cannabidiol from marijuana as an ingredient.
There are thoughts that cannabidiol could be used to treat ailments as wide ranging as from acne to cancer, and has even been linked to increased heart health and suggested as having neuroprotective properties.
With this increasing demand playing out across the world it’s no surprise that Google search rates for CBD or cannabidiol have increased over 100% year on year since 2016 according to one study from researchers at the University of California, San Diego and Johns Hopkins University. With supply not quite yet reaching demand, it’s no wonder why the question of CBD oil cost equally remains one of the most Googled queries relating to this alternative to traditional weed and marijuana use.
The hidden costs
The hidden costs behind the CBD oil price are ones not many first time users are aware of. Hidden costs can often begin at the source of growing the marijuana plants. With demand increasing exponentially, the complicated nature and high-set up costs of CBD farming – thanks to the specialist machinery required – is usually a big deterrent for people to make the jump from enthusiast to business owner.
To answer the question why is CBD oil so expensive, we must remember to look at the beginning of the supply chain, where many business cultivators of the plant are charged much more heavily in taxes and fees than their traditional agricultural counterparts. Governments that have legalized the usage of CBD often then see the industry and its popularity growth as a flourishing income stream, with the costs of industry regulation and quality control currently shouldered by product users.
A cheaper now and a hopeful future
So why is CBD so expensive? This question may have a range of answers, but many can be attributed to the industry’s fledgling status. Still relatively new, the research surrounding CBD and its benefits is still underdeveloped. Yet as its popularity continues to grow it is almost certain that more studies will continue to reveal an increasing number of usages and benefits that will hopefully go on to help reduce the overall costs of production of CBD oil.
Until then, buying CBD oil wholesale products can be one way to keep your costs down. Whilst initial prices of CBD oil can seem high, the quality extraction and refining process for these products means only a little oil is needed for each use – you may only have to buy a small bottle two or three times a year depending on your usage. Extrapolating CBD oil cost across usage data can often see these products significantly improve in our understanding of their value for money.