Here’s what makes a quality CBD product;
Brands should make Certificates of Analysis for their products public, or at least make them available on request.
In the end, you’ll pay the same amount of money, or even less, than for seemingly less expensive brands.
These were products known as “cheap CBD oil.”
The cheapest extraction method calls for using hydrocarbon solvents. However, these can cause explosions when handled improperly or leave behind a toxic solvent residue in the end product. This is the type of extraction you should steer clear of.
There’s a lot of resources involved in the process, both time- and money-wise.
But how do you calculate the price of CBD oil to tell if it offers the right value for the money?
With all this information to take into account, the CBD industry can seem like a confusing marketplace with an overwhelming number of hemp oils (and prices) to filter through. However, many consumers are flocking to CBD, and often use its potential health benefits as a way to justify the price tag.
In the price comparison below, you can see the average cost per mg of CBD for 10 top brands, organized from lowest (i.e. best value) to highest.
Whether you're buying CBD oils online or in-store, third-party lab testing is a must for all hemp-derived products. This process isn't cheap, and more in-depth testing can cost more (which leads to a more costly end product). However, this external testing provides greater evidence of quality, safety, and transparency for the brand and its products.
The origin of the hemp plant matters, and the best CBD companies source their industrial hemp from domestic farms. The most recent Farm Bill laws regulate standards for U.S. hemp cultivation, so American-grown hemp is the safest option for quality CBD oil. Organically or ethically-grown hemp will cost more as well, especially USDA-certified organic hemp that is more costly to grow.
So if you're in the market for an all-natural plant extract with a lot of hype around its benefits, CBD oil may be worth the splurge. And you can still shop for high-quality products without breaking the bank.
To buy: Naternal Full Spectrum 1,200 mg CBD Oil, $40; naternal.com
To buy: cbdMD Broad Spectrum 750 mg CBD Oil, $70; cbdMD.com
While claiming on ACC is also possible, unfortunately we have found them harder to deal with. The good news is that we are hoping this will change over time and with more work from the industry collaboratively, we can expect better results in the future.
If you are using Sativex, chances are you are paying up to $1000 per pack for your product. This is not sustainable long term.
All medicinal cannabis products (except for Sativex) are considered unapproved products under “section 29” of the Medicines Act. Medicinal cannabis is definitely legal, but just not approved for the treatment of any particular health condition, and therefore, cannot be advertised at all.
5. Consider ACC and the WINZ Disability Allowance subsidy .
Using your product only when you need it is important to avoid wasting it. This can be tricky with CBD oil as it sometimes takes regular use for 2-3 weeks to see an effect.
We have had some success in helping our patients get additional financial support from WINZ via a disability allowance to support the ongoing cost of their medicinal cannabis use. While the result is dependent on your case manager and specific situation, it is possible.
Private health insurance may cover your CBD oil cost! Although we are not an affiliated Southern Cross clinic just yet, we have had success with patients claiming their costs with them and various other providers.
It is better value to buy 1000mg of CBD at $100 than buy 500mg at $80. That’s why we breakdown the cost into “daily use cost” in The Dispensary.