As A Processor, How Do You Navigate The Plummeting Prices?

One of the ways to combat production costs is to funnel money into developing plants with a high CBG genetic yield. It seems CBG first came onto the consumer market in 2015 when AXIM Biotechnologies announced the world’s first retail-ready CBG cannabis products. These included a variety of oral care products like toothpaste as well as cosmetic beauty creams.

• Apart from the cost of land, seeds, labor costs for cultivation and harvesting, and farming equipment, cultivators have to concern themselves about licensing procedures – state, city, county and even federal.
• Like any other agricultural farming, the first set of expenses begins with the agriculture process.
• These two factors reduce the overall quality of the product.
• This is apart from a rotary evaporator and centrifuge machine that costs around $20,000 to $35,000.
• According toCannabis Business Executive, a Supercritical CO2 extraction machine’s cost ranges from $135,000 to $150,000.

It has exploded over the past few years, leading to the arrival of new products almost everyday. Today it has turned into a multi billion dollar industry that is offering numerous products to its consumers. From tinctures to personal care products, you have got a variety of options to take CBD oil.

What separates the more expensive CBD oils is the processing as well. They are more uniform in their medicinal properties due to the presence of lower impurities that react with your body in an adverse fashion.

Since the CBD market is not well regulated yet, manufacturers are not required to inform their customers about the location of the hemp plant they use to produce CBD oil and if it CBD gummies contains any contaminants. This is a reason why many CBD oil products available now come from the hemp grown in other countries.

They are also sold through proper channels and their business is backed by legal agreements. Had there been a list of the most potent CBD products out there in the market then Natural Premium’s Pure Kana would definitely take the #1 spot!

With a 5000mg potency written with very little highlight and blaring sirens, you wouldn’t be intimidated by this product until you turn it around! For the price of $390, this product does seem very reasonable especially with the wallop that it is packing. CBD is a relatively new market that lacks regulation when it comes to production standards and the labeling of CBD products. So far, only one CBD-based drug was approved by the FDA , refusing to acknowledge hemp-derived CBD as a medicine.

Cbd Hemp Oil Is Not Hemp Seed Oil

If you look around you will find companies who are selling the same amount of CBD oil for up to five times the cost of others. It is really hard to find the best price for CBD, especially if you are a rookie in this market.

Quickly on its heels was Steve’s Goods, who began to produce the first consumer facing CBG tincture in 2016. Few other producers make it today, with Hemptown USA claiming that they’re one of four producers in the US.

Reasons mentioned above contribute to determining the price of CBD oil products. Here in this article, we are going to take a look at a few of them.