How do you Calculate the CBD Price?
When we’re out shopping for groceries, we know how to compare costs. We usually look at price and compare it to the volume or weight of the produce offered. But how do you calculate the CBD price? Is a bigger bottle necessarily going to give you a better price?
Ask yourself whether you’re buying oil or whether you’re actually hoping to buy CBD oil. Obviously, since CBD is the active ingredient in the oil, the volume of the oil itself doesn’t matter as much as the percentage of CBD that you’re getting in the oil.
It’s no use getting a huge bottle of oil with just about no CBD in it. So how do you calculate and compare actual costs?
Before we go into this, you should also remember that price should not be your only consideration. Do look at the quality of the product in terms of where it comes from, how reliable it is and whether it was extracted in accordance with best practice.
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What’s the CBD price?
How many milligrams of CBD are in the bottle? If the CBD content is listed as a percentage, you can work this out with the help of some simple calculations. How many millilitres of CBD are you getting? Multiply this out by the percentage to find out how many milligrams of CBD are in the bottle.
Supposing you’re considering a 10ml bottle of hemp oil that contains 300mg of CBD . If the bottle costs $49, divide this by 300 to work out the price per milligram of CBD. You get an answer of 0.16, so you are paying $0.16 per milligram in this example.
Now suppose you are looking at a 4oz bottle of hemp seed oil, and you know that there are 1,000mg of CBD in the oil. The oil costs $200, so you can divide that by the number of milligrams of CBD you are getting for that price. Your answer is 0.2, so you are paying $0.20 per milligram of CBD.
There are companies that rely on a nice big bottle at a low price for their popularity. But ask yourself what’s in that nice big bottle. If there’s no specific amount of CBD mentioned, there probably isn’t much in the oil. If a value is listed, find out how the manufacturer arrived at that amount. Can you view 3rdparty laboratory tests?
This might sound like a lot of effort, but if you want to use hemp CBD oil as a medicine, you need to calculate your dose correctly. Taking too much is a waste, and taking too little won’t be effective.
So just doing your math might not help you. You also need to do your homework. Is the product manufactured using a clean, professional laboratory, or is it from a bucket in someone’s backyard? Know your hemp oil industry as well as your hemp oil in order to get a reputable deal.