This first appeared on
CBD oil prices quietly hit a historical low recently, and nobody is talking about it. We dug through the archives of cannabidiol prices to see just how major the change is, found the events which caused these changes, and attempt to predict the future of CBD product pricing.
The first mainstream CBD product
The year is 2012. CBD is such a well-kept secret that even a Google search renders virtually no results on the topic. Unless you’re ready to trek through pages of scientific research reports, looking up the definition to every other word that even the deepest depths of your biology class memories won’t help you decipher.
There is one good (ish) thing about CBD in the year 2012. There’s only one CBD product on the market, so you aren’t trying to compare multiple different brands.
The one CBD product available was a little ½-ounce bottle containing 100 milligrams of CBD. Although, there were no lab tests available to prove that CBD content, so it was on the honor system.
The price tag? $90.
CBD Oil Prices are 88% less expensivetoday than in 2012
Today, the price of CBD is 88% less than it was in 2012. Coming to that conclusion requires a little math, as we’re not comparing apples to apples. CBD products are larger in size and significantly more potent today.
To start, let’s compare a typical CBD oil tincture price in 2012 versus 2019.
2012: 0.5-ounce (100mg CBD) $90
2019: 1-ounce (1,000mg CBD) averaging about $110
Sure, the 2019 tincture costs $20 more, but it’s double the size and contains 5x more CBD by volume. So, we can’t just look at the overall price tag.
In order to accurately compare the price of CBD products, you must calculate how much it costs per milligram of CBD. This way, you know exactly what you’re paying for the CBD content, which is what we care about.
To break the price down, it’s 11¢ per milligram of CBD as compared to 90¢ in 2012.
To get those numbers, take the product’s price and divide it by the total amount of CBD.
2012: $0.90 per milligram of CBD
