We get it, CBD oil can be an expensive supplement to add into your daily routine. While your health will surely improve from using it, we know that sometimes it can be a bit of an investment. However, health is the last thing we want to compromise on since without it you literally have nothing else!
More importantly, there are a number of critical factors why you would not want to go cheap on CBD oil which we discuss further here. However, in order to help you gain a better understanding of why CBD oil is expensive, allow us to explain the reasons behind it. We also discuss exactly how CBD oil pricing works so it makes more sense when you are choosing a product.
So Why the High Price Tag?
First, we want to cover the topic of why CBD oil costs as much as it does. This really has to do with sourcing the raw materials and the extraction process. It takes a lot of the raw materials (or hemp plants in this case) to get a small amount of concentrated CBD out of it. The quality of the hemp also comes into play, with the cheaper and lower quality hemp coming from overseas. AT ICARIA, our hemp comes from North America which has much higher standards.
In addition, the extraction process itself to get a CBD isolate is very labour intensive and time-consuming. Specialized equipment and personnel are needed to safely and efficiently remove the compound of CBD from hemp that not everyone has access to. Therefore, sourcing the CBD isolate can be a challenge and it really comes down to supply and demand, with not many reputable options available on the market.
Understanding the Cost of CBD Oil
Let us now break down how the pricing works to further assist you in selecting a product with the best value. We want to help you get the most bang out of your buck from CBD oil.
We are going to use our most popular THEIA product as an example. This product has a concentration of 1500mg of CBD in a 30 ml bottle. The price for a bottle of THEIA is $145 CAD. We know that math is probably not your favourite subject, so let us do it for you!
30ml bottle has 1200 drops and 1500mg of CBD
This means that:
1ml of CBD oil is 40 drops and 50 mg of CBD
Now we are going to look at two of the most common dosages for reference.
If you are taking 10 drops of THEIA every day or 12.5mg of CBD oil then a bottle will last you 120 days or 4 months and the cost will be $1.20 CAD per day.
If you are taking 20 drops every day or 25mg of CBD oil then a bottle will last you 60 days or 2 months and the cost will be $2.40 CAD per day.
So when you look at it like this, CBD oil still ends up being less expensive than that cost of your daily Americano from Starbucks! Not to mention, coffee is likely not the best option if you are suffering from anxiety. CBD oil also offers plenty more amazing health benefits than an Americano. This includes helping you feel your absolute best throughout the day by reducing stress, lowering pain, improving focus, and way more!
Buying More is Less Expensive
In addition, the cost per mg of CBD further goes down when you purchase a higher concentration product like HARMONIA. This product is twice the concentration of THEIA at 3000mg of CBD in a 30 ml bottle. Based on the calculations above, your price drops down to $1.06 CAD for a dose (saving 0.14 per dose) of 12.5 mg and $2.12 CAD for a dose of 25 mg (saving 0.28 per dose). This means that you can take less and experience the exact same results. It basically is like buying in bulk from Costco and even a small amount of savings can add up quite a lot in the long run!
On the other hand, the smaller bottles actually wind up being a lot more expensive per mg of CBD even though they seem to have a much more attractive price tag at first glance. So it really depends on what your goals are with CBD oil and how often you plan to use it. Of course, we want to help you get the best possible value wherever you are at. In addition, if you are just getting started it certainly does make more sense to buy a smaller bottle to begin with.
The Final Word
We know that CBD oil is not necessarily the most accessible supplement in the world and we are working hard to keep prices down. The good news is that, in most cases, you can use pricing as a compass to lead you to a better product and it really is worth it to go that extra mile when it comes to your well-being. Our hope is that, as the industry becomes more established, the cost of CBD will go down and we can pass those savings along to you. However, it likely will be a long while before we get there so we would not hold our breath.
Until then we suggest that you do your research, and maybe even a few calculations, to figure out what will be the most cost-effective option for you in the long run. Generally, as we mentioned before, the higher the price the higher quality the product will be. We also do our best to share frequent promotions and product giveaways with our audience so be sure to sign up to our newsletter to stay in the loop!
