The market for CBD has been projected to keep growing in the future. This is because a lot of research is being carried out that shows promising effects of using CBD for health and wellness. In fact, the global cannabidiol market is estimated to be worth $47.22 billion by the year 2028.1 

As a result, many business people want their share of the pie from the CBD market. However, not all people are sincere and prepared to invest their money to develop high-quality goods. Therefore, they are resulting to selling low-cost CBD products that are cheaper but not of the best quality. 

It would be best if such offers didn't tempt you - and this article will explore why! By the time you are done with this article, you will have an idea of the ideal price of CBD products, the harmful effects of going for cheaper products, and the things to consider before purchasing your CBD products. 

If you are interested in trying quality delta products, check out our sister brand, Otterspace.

What Is CBD? 

Cannabidiol (CBD) is one of the 550-plus chemical compounds found in the Cannabis plant.2 And unlike THC (the main psychoactive compound in Cannabis), CBD does not produce any intoxication. In fact, it offers the other many benefits of the Cannabis plant. It is a very versatile product and is produced in consumable forms such as pills, edibles, vapes, and oils.


Is It Safe?

CBD has been reported by users to be safe. However, some possible side effects of using CBD include dry mouth, fatigue, drowsiness, and diarrhea.3 

The harm brought about by contaminants, which may not have been completely eradicated during the extraction process and by the addition of suspicious chemicals, can make CBD products dangerous. 

Therefore, it's important that your CBD is sourced from a reliable and reputable supplier like BATCH! Always ask for a third-party lab certificate to ensure your CBD is safe and free from contamination.


CBD molecule

What’s The Average Cost Of CBD Products? 

The cost of CBD products ranges from product to product. The easiest way to get an estimate of the average cost for CBD products is to consider the average price of CBD per milligram. CBD can range anywhere from $0.099 to $0.104 per milligram.4 

This price range can serve as a reference to guide your search through different brands to determine whether a product is cheap, expensive, or affordable. Furthermore, it is still important to consider other factors that may affect pricing, such as extraction methods, licensing, and more. 


What Influences The Price Of A CBD Product? 

The price of CBD products is influenced by a variety of factors. They include: 

CBD Is A Relatively New Product 

CBD is expensive because it is a relatively new product on the market. CBD growers are still experimenting with new techniques to reduce the cost of cultivating hemp without compromising its quality. Additionally, because CBD just became legal in 2018 and is just recently rolling out into the market, its price is naturally inflated. 

New product

There’s A High Demand For CBD 

There is a high demand for CBD that suppliers have not fully met. Naturally, by the law of economics, this demand has caused the prices for CBD to be inflated.

High Demand

Growers And Sellers Influence The Cost Of CBD Products

Growers and sellers of CBD also affect the prices of CBD products. This is because of the several processes that must be undertaken to prepare this product for sale on the market. For example, growers are subject to paying licensing fees every year, and third-party lab analysis is carried out on all products to ensure the purity and, eventually, the safety of CBD products.


Hemp Can Be Tricky To Grow 

Hemp is a tricky product to grow. It requires perfect environmental conditions and careful attention if it is going to be of the highest quality. Additionally, the plants must be carefully monitored for any signs of disease or pests. All these processes contribute to the cost of producing CBD products and, ultimately, their price in the market.


hemp field

Why Buying Cheap CBD Isn’t Worth It? 

This popular adage, "nothing good ever comes cheap, and if it does, it never is," is applicable in the purchase of CBD. Because of CBD’s importance to wellness and health, a lot of effort is put into producing quality products that leave customers satisfied. Hence, purchasing cheap CBD isn't worth it.


It Can Be Dangerous 

Cheap CBD is a major red flag. It could be either of inferior quality or worse, unsafe for consumption due to the presence of contaminants that have not been eradicated during the extraction process. It is also possible for unscrupulous manufacturers to add suspicious chemicals to their products, leading to severe health issues. 

In short, always be sure to check for third-party certificates when buying CBD products and never skimp on quality. It could end up costing you more in the long run.


It Might Not Have The Desired Effect 

More often than not, customers who purchase cheap CBD products are only met with disappointment. The main reason for this is that the product may lack enough CBD to make any difference in the user’s health. This is because the extraction process is expensive and it takes a lot of resources to create quality CBD, so cheap products are made with low-grade materials or not enough of the extract itself. 

So, if you’re looking to experience the full benefits of CBD, it's best to pay for a quality product. Check out BATCH CBD products for high-quality CBD that you can trust.


It Might Not Work At All

No matter how good a product may appear to be, cheap CBD might not work as advertised. This could be because of the low-grade materials used in the production, or due to a lack of quality control. If that's the case, you simply won't experience any of the benefits that CBD is known for.


Disadvantages Of Cheap CBD Oil 

It is important to be aware of the potential disadvantages of buying cheap CBD oil. Let's take a look at some of them. 

Unsafe Extraction Methods

Before CBD can be infused into the products later sold in the market, it is first extracted from the Cannabis sativa plant. The CO2 extraction method is the safest known method for extracting CBD; however, it is quite a complex and costly process.

 And as a result, many sellers who lack the means to use the CO2 extraction method opt for cheaper extraction processes, such as the use of propane or butane, which can be extremely dangerous and result in products that lack quality. 


Unknown Or Synthetic Additives 

When CBD oil is extracted, it can be highly concentrated. In order to make the product more palatable and reduce its concentration, some sellers add unknown or synthetic materials that are not necessarily safe to consume. These additives can be anything from vegetable glycerin, propylene glycol, and even artificial flavors, which can be potentially hazardous to human health. 

No Third-Party Lab Testing

Another disadvantage to using cheap CBD products is the absence of third-party lab testing. Not everything printed on the label of your CBD can claim to be true unless it is proven to be true. This is why third-party lab testing is a very important step that must be carried out before a product is sold to consumers. This will ensure that your CBD product has only trace amounts of THC or none. 

Additionally, it will verify whether it contains harmful substances such as herbicides, pesticides, heavy metals, and mold. Third-party testing will also confirm if the amount of CBD advertised on the product label is accurate. 


It Has A Low Percentage Of CBD, If At All

The concentration of CBD in a product is important as it indicates how potent and effective it will be to the consumer. The more potent a CBD product is, the more expensive the price. As a result, CBD products are usually sold according to the mg of CBD in the product. A 300mg CBD oil product will be more expensive than a 150mg CBD oil. Therefore, cheap CBD products will have very little to no amounts of CBD contained in the product. 

In 2020, the FDA released the findings of a study that aimed to determine if CBD products being sold actually contained the ingredients listed on the product label. Unfortunately, of the 102 tested products, 18% were found to have less than 80% of the amount of CBD advertised on the label, while 49% of them contained THC.5 

Purchasing cheap CBD exposes consumers to this risk, further emphasizing the need to request a certificate of analysis before purchasing CBD products.


What Should I Look For When Buying CBD? 

There are certain key elements you should look for when buying CBD. Some of these include: 

CO2 Extraction 

There are different extraction methods, and these methods determine the quality and purity of your product. CO2 extraction is the best-known method for extracting CBD and should be your first choice when considering a CBD product. It is complex, more time consuming, and expensive compared to other methods, but it yields a much higher quality product. 

CO2 extraction

Make Sure The Ingredients Are Listed

A crucial step is to certify the products' specified ingredients. Check for an ingredient list on the label and make sure it is up-to-date. If it's not listed, don't buy it. Better yet, look for third-party lab results which will tell you exactly what the product is made of. Also, check the ingredients used and whether they pose any health risks. Make sure you are not allergic to any of the ingredients.


It Should Have Been Tested By Third-Party Labs

Ensure your CBD provider has tested the products with a third-party lab. This is important for the following reasons: 


  • To make sure that it actually contains CBD. 
  • To verify the percentage of CBD in the product.
  • To ensure that it is void of any harmful chemicals, such as pesticides and heavy metals.
  • To ensure that it does not contain more THC than advertised. 

Lab Tested

It Should Have The Appropriate Percentage Of CBD

To cut costs, some CBD sellers reduce the concentration of CBD in their products. This is not ideal because the lower the percentage of CBD, the less effective it is. Make sure your product has the right amount of CBD to induce the desired effects.


Know The Source Of The CBD And How The Hemp Is Cultivated

It is important to have an idea of the source of CBD as well as the method of cultivating it. A reputable brand will not hide the source of its hemp. Ensure you purchase your products from brands that are transparent with the source of their CBD and hemp cultivation process. 

At BATCH, we grow our Umpqua (a hemp strain with stellar cannabinoid and terpene profile) in the fertile lands of Neillsville, WI. These fields are kept pesticide-free and yield some of the best hemp plants in the industry. Shop our CBD products today to enjoy the highest quality hemp extract.


Check For Customer Reviews

One of the best ways to verify the value of a product is by checking customer reviews. If there are reports of harmful side effects or the desired result wasn’t achieved, it might be best to look into other options. On the other hand, if the comments are positive and customers experience the desired effects, then it might be worth investing in, as it's a good indication of a top-quality CBD product.


five stars review

Final Thoughts 

Buying CBD can be a daunting task because there are many cheap, low-quality products out there. To ensure you get the most out of your CBD, make sure you only purchase products with all the key elements mentioned above. 

At BATCH, we strive to provide our customers with high-quality CBD products. All our products are third-party lab tested and made with 100% organic hemp extract. Shop today for safe, effective, and premium BATCH CBD products

You'll be glad you did! 


Sources: 

  1. Vantage Market Research. (2022, February 8). CBD (cannabidiol) market size to reach USD 47.22 billion by 2028 - increased demand for CBD (cannabidiol) for Health and wellness purposes to drive market – vantage market research. GlobeNewswire News Room. Retrieved from http://www.globenewswire.com/en/news-release/2022/02/08/2380516/0/en/CBD-Cannabidiol-Market-Size-to-Reach-USD-47-22-Billion-by-2028-Increased-Demand-for-CBD-Cannabidiol-for-Health-and-Wellness-Purposes-to-Drive-Market-Vantage-Market-Research.html
  2. LA;, R. E. M. P. (n.d.). Constituents of Cannabis Sativa. Advances in experimental medicine and biology. Retrieved from https://pubmed.ncbi.nlm.nih.gov/33332000/  
  3. Iffland, K., & Grotenhermen, F. (2017, June 1). An update on safety and side effects of Cannabidiol: A review of Clinical Data and relevant animal studies. Cannabis and cannabinoid research. Retrieved from https://www.ncbi.nlm.nih.gov/pmc/articles/PMC5569602/.  
  4. How much does CBD cost? 856 CBD prices analyzed. PRWeb. (2020, October 5). Retrieved from https://www.prweb.com/releases/how_much_does_cbd_cost_856_cbd_prices_analyzed/prweb17445104.htm.  
  5. Evans, D. G. (2020). Medical fraud, mislabeling, contamination: All common in CBD products. Missouri medicine. Retrieved from https://www.ncbi.nlm.nih.gov/pmc/articles/PMC7723146/.  
January 15, 2023 — Dennis Mistrioty

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