There is no denying the popularity of vaping and using e-cigs. I was in the Post Office yesterday and a guy behind me was vaping in line. It seemed a bit odd, but no one told him to stop. I visited my mother in law, guess I should capitalize that or she might hunt me down, huh?

So, yes, I was visiting my Mother-in-Law, who is 71. Around her neck was her lanyard with vape pen hanging from it. And, every few minutes, she'd take a drag off her pen. So, yes, I thinking vaping and e-cigs has permeated our society quite a bit.

With this in mind, I think its interesting that, by number of page views, the page on our website that gets the most visitors week in and week out is the CBD Vape Dabs page. These products also made up over 38% of our sales last week alone.

I took a phone call from someone who had questions on the Dabs (also called waxes or concentrates). He wanted to know the taste of a particular item. But, while I had him on the phone, I asked him a few questions. He told me he preferred CBD Dabs to CBD Vape Oil because the dabs were noticeably more intense, while the oils were more mellow.

In working with my business partner, we are currently looking into the possible addition of a CBD Dab to our Highland Pharms CBD Oil product line. Nothing firm, yet, but.....

What is the cost of CBD oil?

What seems like an easy question does not have a simple answer. An individual product can cost $6. And another product can cost $799. Yet another can cost $149.95. There are various sizes, strengths, and delivery methods to think about. And with so many choices, how can you determine what you are paying for?

CBD pricing is so variable because it is a new market. We have been selling CBD since 2013, and have seen the dramatic increase if product availability first hand. The majority of the companies have some sort of a one fluid ounce tincture that has 500mg of CBD.

With a little bit of math, one can find out what the true cost of their CBD is, and compare it to other products they may be looking at. This is a simple method that solely looks at the cost per milligram of CBD. It does not take into account other aspects of the product, like the use of organic ingredients, other vitamins, minerals, supplements, etc., and the type of extraction method used, among many other inputs that determine a products' cost.

Generally, today's retail value of a milligram of CBD can vary wildly from as low as $0.03/mg to upwards of $3.00/mg. Below, we will delve into the types of CBD products, and what we have found to be the average costs within those categories.

What Determines A Product Price?

The biggest determining factor of the cost of a CBD product, hands down, is the quality of the CBD hemp extract. Here are a few other major factors that can affect the cost of a product.

Origin of the Hemp

With the boom in the CBD market, many large farms are beginning to sprout up all over the place. This is great for those who are into mass production of products and operating under the economy of scale. You will get decent extract product from these farms. One thing that is generally missing from large commercial farms is the TLC the plants get from smaller boutique type farms.

Hemp is a resilient plant, and is not prone to pests and disease when grown properly. This leads many farms to utilize organic growing methods, and by not using chemical fertilizers, pesticides, and herbicides, the end product reflects that natural quality. The better the quality, the better the end product, and the higher the cost will be for the higher quality product.

Extraction Method

Not all extraction methods are the same. CBD oil can be extracted from hemp in various ways. You will find in our industry that Supercritical CO2 extraction to be the most popular method of extraction. Other methods include steam distillation, solvent extraction (usually uses food grade ethanol), or hydrocarbon extraction (like butane, propane, n-tane, etc).

Equipment costs are considered. CO2 and ethanolic extraction equipment can be quite expensive to purchase. Hydrocarbon extraction can be fairly inexpensive to obtain. However, there will be a risk of residual solvents being found in hydrocarbon extracts if proper separation is not performed appropriately during processing.

Potency

The strength of a product, also called the potency, describes the amount of CBD in that particular product in comparison to the rest of the ingredients. The higher the potency, the more effective it may be for people who are in need of higher levels of CBD. For instance, while some people may do fine with a 250mg/fl oz tincture, others will thrive more with a tincture that contains 6000mg of CBD per fl oz.

When it comes to the higher potency products, many brands and manufacturers offer better pricing. Do keep that in mind, even if you are using small amounts of CBD, as that can help you keep your costs as low as possible.

Other Ingredients

There are a lot of products available that are very simple to produce, using solely the hemp extract and a carrier oil/capsule. By using simple ingredients, it is possible to keep costs down for the end user. However, incorporating other unique superfoods, herbs, spices, vitamins, and minerals may or may not affect the price of the end product.

For instance, obtaining organic ingredients will generally be more costly than purchasing non-organic alternatives. Some ingredients are difficult to source and are of superior quality, and this will drive the cost of the product up.

How Much Does CBD Oil Cost?

Here we are...the industry price analysis!

How Much Do CBD Drops Cost?

We have found that CBD tinctures have an average range retail price of between $0.08 to $0.16 per mg of CBD. You can find well priced product in bulk for around $0.04-$0.07 per milligram. Some of the brands that are touted as high-end premium can cost from $0.20 to $0.35 per milligram.

How Much Do CBD Capsules Cost?

CBD capsules come in a wide variety of strengths per capsule. These numbers range from 5mg on up to 150mg per gel cap, and usually come in 30 count bottles. We found that the average pricing of CBD capsules on a per mg of CBD basis was comparable to CBD drops, with capsules ranging from $0.04 to $0.25 per mg/CBD, and averaging around $0.10-$0.12.

How Much Do CBD Skin Care Products Cost?

We found that topical CBD products generally cost less on average than almost any other category. We found most products fell into the range of $0.07 to $0.14 per mg of CBD. The more premium brands were in the $0.25 to $0.35 per mg. Some of the ultra premium skin care products have costs exceeding $3.00 per mg, and the variety and quality of ingredients in some of these products are second to none.

We found that these generalized pricing structures are consistent between the types of CBD products, be they CBD gummies, Pet CBD products, Vape Oils, etc. At the time of writing, the average cost seems to be around $0.10/mg, give or take $0.03.

The Breakdown

To make the simple determination of what the cost per mg of CBD is for your product, take the dollar value of the product (say, $50), and divide it by the number of milligrams of CBD in the product (say, 500mg of CBD per bottle), and you will have the value in dollars of each milligram of CBD. 50 dollars divided by 500mg of CBD means that it is $0.10 per mg of CBD in that particular product.

If you are looking for the best pricing on CBD products, simply visit our online store and take a glance. We carry only the most trusted names in CBD in a variety of delivery methods.

As you know if you've been following along, Luke has been taking CBD Hemp Oil to impact his battle with colon cancer. You can read the previous posting here.
Today we have a bit of an update. Overall, he's still doing much better on CBD Hemp Oil than he was on Rick Simpson's Oil (RSO). And, as a reminder, Luke is taking Earth Science Tech High Concentration CBD Hemp Oil.

So, here's his latest update:

2/26/2015

Traveled home today. Took 2 doses and again I am impressed as to how my body handles traveling Fatigue. Arrived home feeling pretty good overall. Less fatigued than usual.

2/27/2015

I’m pretty beat down by the work schedules I have been keeping lately. Took my 2 doses today and rested. I am physically tired but overall feel okay.

2/28/2015

The day of rest I had yesterday was badly needed. Up early and feeling good. I have big personal day with a lot of running around. Took my capsules of oil with me and as expected my stamina and energy levels today were good.

As you can see, he's experiencing much better results on CBD Hemp Oil than he was on the RSO. Not only is his physical being better, his mental outlook on life is substantially better, too.

Kick Some Ass, Luke!

So, yesterday, I told the story of Luke, one of our owners who is battling colon cancer and his status with CBD Oil. He texted me last night with a bit of info that I thought was hugely important to our readers....

The message said: "Less than an hour after taking CBD Oil and my hips, back and feet feel better!"

If that's not a TWITTER MESSAGE MOMENT for CBD Oil, I don't know what is. I don't have a lot of time to write today, but I just thought this was hugely important for anyone working on managing chronic pain or discomfort from cancer and chemo and are considering CBD Oil.

Peace!

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