Many people ask the question that “Why is CBD oil so expensive?” CBD, a product known for its many benefits, isn’t cheap, and justifiably so too. Its production, manufacturing, and testing are not only costly but also require a lot of extensive manpower. This becomes even more true when farmers are unable to afford the sophisticated machinery needed for hemp production and extraction. There are many other factors that contribute to the cost, but more on that later.
As a consumer, it becomes hard for people to afford expensive CBD. They hence try to go for cheap alternative brands that don’t sell quality products. These brands don’t follow any particular guidelines, and their products are often free from any standardization or quality control mechanisms.
But should the high price be a strong enough factor to discourage you from buying from authentic sites, certainly not? Once you go through the reasons mentioned below, you will understand the reasons behind the high cost of CBD. There is a lot more to the story here.
The Reasoning Behind Why CBD Oil is Pricey
Whether CBD is actually expensive or not depends on individual perceptions. However, many buyers feel that CBD products, although very beneficial, cost more than alternative medications. But this isn’t without reason. Here are some reasons that add to the high costs.
1. Difficult farming- a challenge for many farmers
You already know that CBD is derived from plant sources, but many people don’t know that the farming of hemp is no easy process. It is not only a very time-consuming process but also requires extensive energy on the part of the farmers.
Many farmers are scared to delve into the intricacies and are hence discouraged from beginning hemp production. The challenge is even more unprecedented for people who have just recently switched from food crops like fruits and vegetables. With hemp, they need to take care of a lot of things and follow many intricate steps.
Hemp production requires a lot of manual work and inspection during its growth, which takes a toll on farmers. They not only have to spend more time on introspection, but they also need to hire additional labor for the extensive manual work.
To better understand the complexities, take the example of hemp plants that produce a large amount of THC. This amount often exceeds the one considered legal by the state laws. THC is harmful and problematic because it can result in an intoxicating effect. These extra plants hence need to be destroyed. Hemp farmers thus have to stay on a constant lookout to prevent any large-scale crop loss.
Harvesting hemp poses another acute problem. Harvesting the hemp requires complex machinery, and many farmers don’t have that. This is especially true for people who have previously produced only food crops. Farmers hence need to buy and maintain the machines, which adds to the cost. This machine, also known as a combine, is hence not used, and many people prefer harvesting their crop manually.
2. Difficult extraction and refinement add to the cost
Wouldn’t it be nice if hemp extraction were as simple as squeezing the juice out of lemons? but sadly that is not the case. A major reason for the high cost lies in the extraction and refinement process, which is very expensive. The process is very sophisticated and requires expensive and very highly calibrated machines. This doesn’t mean that you can’t make CBD at home because it can be done only that it is inefficient compared to large scale factories.
Processors first extract CBD and other cannabinoids from hemp using only two primary solutions. These include carbon dioxide and highly sophisticated ethanol. These two are very effective methods and produce safe and high-quality final products.
However, many manufacturers prefer using ethanol because it is a less expensive method. Furthermore, with ethanol, they can also scale up their production and generate more revenue. However, the major issue lies with companies that produce smaller batches frequently. They opt for superficial CO2 extraction. This is because compared to ethanol, CO2 can extract greater amounts of CBD from hemp and can result in a more sophisticated product. This is a major reason that some brands sell CBD oil at a higher price.
Another major problem is that both these methods produce products that contain CBD, THC, and additional minor cannabinoids and their products also contain all of these ingredients, some of which are illegal in some states. Having THC in their product is a huge problem because many people want to enjoy the benefits of CBD only without any intoxication cost by THC. This is why many companies need to further process the hemp plant and create a broad-spectrum extract. This continued refinement process helps create THC-free CBD products.
It is also further noted that some companies are also investing in a hybrid method to make more sophisticated products and stand out in the market.
3. Standardization is expensive
The development, good manufacturing practices, and quality control require major investment and hence add to the cost of the final product. Reputable companies like Truemoola don’t compromise on quality in their products and hence have their products undergo a lot of testing and procedures to find the right extract, but more on that later. Good companies don’t copy research and development done by others. Instead, they invest heavily in R&D, good manufacturing practices, and tough quality control to create better hemp products. All of this contributes to the higher costs associated with CBD.
Moreover, it is worth remembering that R&D requires the expertise of the best of the best experts in the market. A company needs to pay highly educated, knowledgeable, and experienced professionals who can further enhance the quality of their CBD product. Additionally, money needs to be paid to reputable partners for any third-party evaluation and testing.
So, when you see companies selling their products at very cheap prices, know that they are either not investing a great deal in manufacturing or they are escaping testing mechanisms. Because without top-tier equipment and reliability and quality, products will definitely suffer. Furthermore, corner-cutting should also take place to increase the health benefits of any product.
4. Marketing and distribution
Another major step that companies need to take is the marketing and distribution of CBD products. One of the biggest reasons behind the expensive CBD oils is their small-scale distribution. In many states and many countries, the legality of CBD is an issue, which is why many stores and drug companies refuse to sell the supplements.
This not only limits selection and production but also results in inexpensive distribution of products. In short, according to many retailers, CBD poses a potential liability and hence shouldn’t be sold in their stores. Anyone who understands distribution mechanisms would know that when the product demand is less, its shipping and distribution costs increase. Buying and selling products in bulk are often less expensive.
Additionally, many major platforms like Amazon also don’t sell CBD. Huge brands like Amazon impact the business and repute of such products. Their refusal to accept CBD products poses a huge problem. It is worth noting here that many products that you find online on Amazon are not authentic and shouldn’t be trusted. Furthermore, CBD sellers also face limited marketing opportunities. Major social media and broadcasting sites as well as many search engines ban advertising and marketing of CBD products, owing to legality issues. This makes it very hard for CBD manufacturers to effectively sell their products to the market audience.
5. CBD companies lack governmental and institutional support
Both the things mentioned in the title are extremely important in ensuring how much a company flourishes. Sadly, in the case of CBD, there aren’t many financial institutions that are willing to take a leap of faith and support small and large-scale CBD companies. Despite recent economic crashes, banks still take a risk-aversive stance and suffer in the greater run.
It is sad to see that despite the growing acceptance and the rising market of cannabis, these institutions are still not ready to give in their support. This attitude not only discourages competition and advancement in technology but also results in a demand and supply chain problem.
Another added problem is that credit card processing companies as well as the banks that ultimately decide to work with hemp companies end up charging way more for their services. This adds to the rising CBD costs in the market. Furthermore, investors that invest in CBD companies aren’t willing to invest in research. They want fast returns, and the only way to get that is to increase prices.
6. It may all be a misperception
Many brands also claim that CBD pricing is vaguely understood and is often exaggerated to discourage consumers. We will assess this claim right here.
To get an accurate idea, it is better to judge CBD product prices relative to per-milligram terms. This is because higher concentrations are mostly less expensive per Milligram of CBD. However, many first-time users begin with low-concentration products that they find expensive. They need to realize that once they switch their products, the prices are going to go down.
7. Existence of scam artist
It is a sad reality that in the world of CBD, the existence of scam artists is a reality. This has not only tarnished the image of many brands but has also actively discouraged users from investing in the product. Like we mentioned earlier, the products on Amazon are not of the best quality. In some cases, they are not even registered with any company.
However, faulty marketing strategies help these scammers fool customers easily. These customers end up trusting the product and buying it without verification. In exchange, they get huge money out of these sales.
But the biggest problem is that since these products are made to scam people, they are expensive by nature. In the long run, such products and their high prices discourage loyal customers who are unable to find alternatives. However, before you give up on finding an alternative entirely, read ahead, we have something great in store for you.
Why Should You Buy CBD Regardless of Its Price?
High cost is a huge issue, but it shouldn’t deter you from using this marvelous product. If you are having second thoughts, let us clear your confusion and point out all the great benefits associated with CBD usage. Here is a look at some unparalleled advantages to using the product.
Many studies have concluded that medical or recreational CBD, when taken in tablet, gummies, or oil form, helps reduce pain in the body. It contains ingredients that can directly target the pain receptors in your body and help in pain mitigation. This is especially true for people who are not getting better after taking other medications.
Reduces anxiety and depression
Psychological disorders are sometimes more harmful than physical ones. This is because the latter is still detectable and can be easily treated. On the other hand, psychological disorders and their causation is difficult to establish and hence the treatment becomes harder. One of the best things about CBD is that it helps reduce the symptoms of anxiety and depression and results in an overall good mood. This is why many people suggest CBD intake for good health.
Improves Neuronal receptor action.
CBD has also been found to mitigate and reduce symptoms related to neuropsychology. However, the research is lacking in this area and more needs to be done. However, the FDA has approved CBD for a rare disease in children. This is a testament to the fact that CBD has a connection to the neurology of a human. However, further research needs to be done to substantiate claims.
Are You Thinking of Getting CBD Oil?
Now that you have finally decided to buy CBD, the main question arises: where to buy CBD from?. If you want to achieve the correct balance between price and reliability, you need to visit True Moola today. It is a one-stop solution for all your CBD concerns. You can not only find the most reliable products, but also the most standardized ones. The brand sells it in a variety of forms, thus allowing you to choose one that you prefer. If you want more details regarding their prices, their offers, and brand information.
Check Truemoola.com for more insights on CBD products.