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The CBD market has exploded over the past few years, leading to new CBD products hitting the scene on an almost daily basis. Where CBD was virtually unheard of only five years ago, today there’s everything from CBD tinctures and topicals to countless edible options, personal care products and much, much more.

If you’ve done a bit of research, you’ve probably noticed the price of CBD isn’t exactly consistent. It can fluctuate wildly from company to company, even when milligram for milligram they seem to be selling the exact same product.

So, what gives? How much does CBD oil really cost? And how are these prices determined in this highly unregulated market?

As a consumer interested in CBD, you’ve got a right to know why CBD costs what it does, as well as what to look for when determining different price points. When it comes to CBD products, quality really does matter — and going for a more affordable option isn’t always your best bet.

And now for the million-dollar question…

How Much Does CBD Oil Cost?

If only there were a straight answer. Take a look around at different CBD companies and you’ll find prices all over the map. Finding the best price for CBD isn’t easy, especially if you’re purchasing for the first time. Some companies will sell the same amount of CBD oil for up to five times the cost of others, making it really difficult to gauge the “average” price of CBD.

What is known is that CBD can be expensive. According to researchers, manufacturers, retailers and consumers in the CBD space, there are a few reasons that were offered time and time again. These include: greed, limited consumer access, limited patient access, farming and production practices, extraction costs and the high cost of bringing a new product into such an unregulated market.

What Determines the Price of CBD?

Keep in mind the reasons those familiar with the market gave for the high price of CBD. They all help determine how much you pay for CBD. Here we’ll take a look at a few of them, as well as other factors that might determine the price of CBD.

Farming Practices

Hemp will grow pretty much anywhere, and until very recently it was still prohibited to grow in the U.S. Because of this, many hemp CBD products available today come from hemp plants grown overseas (typically Europe and China). The problem with this is that hemp absorbs whatever is present in the soil it’s cultivated in, a process known as phytoremediation. In fact, hemp is so adept at removing toxins from soil that it was planted around the Chernobyl nuclear disaster site to do just that.

What does this have to do with CBD oil? Oil extracted from plants grown in toxic soil could contain these toxins and pollutants in condensed amounts. This doesn’t exactly make for the safest CBD oil. And because the CBD market is so unregulated, manufacturers aren’t required to inform consumers where the hemp to make their products was grown or if it contains any contaminants.

According to Dr. Ethan Russo, neurologist, ethnobotanist and one of the leading medical cannabis researchers in the U.S., “God knows what toxins are in the hemp processed in countries like China or Romania, which don’t have the same laws about pesticide use that we have. I don’t trust any of it and I don’t think anyone else should either.”

Quality, state-of-the-art, sustainable hemp farming is key for high-quality CBD products. At Joy Organics, for example, every product we create goes through a process that begins with hemp grown in nutrient-rich soil using 100% organic growing practices. Not only does this enhance the quality of our product, but it also ensures that our products are safe and regulated in an otherwise unregulated market.

Extraction Costs

Extracting CBD from hemp is a complicated process, and extraction isn’t exactly cheap. The real cost of extracting CBD from hemp might blow your mind. Nick Tennant, founding partner of Precision Extraction Solutions, a company that offers extraction services, planning and equipment, says, “The vast majority of lab startups that we consult fall into the $400,000-$800,000 budget range.”

The high cost of extraction has a lot to do with the overall price consumers end up paying for CBD oil and other CBD products.

Bringing a Product Into an Unregulated Market

There’s a high price to pay for bringing an unregulated product into the consumer market, something consumers often end up paying for. With the legal cannabis industry still considered “criminal” to the powers that be, CBD companies are taking somewhat of a bigger risk than other wellness-related products that are regulated and considered completely legit.

Third-Party Lab Test Results

In a market that’s so unregulated, it’s vital you choose a company that provides third-party lab test results. Think about the importance of hemp grown in quality soil and what could be present in your CBD if it isn’t. Pesticides, insecticides, mold, bacteria and other unwanted intruders could be lurking in your CBD oil.

Here’s where third-party testing comes in. Companies that offer third-party testing do so for a few reasons. For one, it ensures that you, the consumer, are getting the high-quality product you deserve. For another, it offers complete transparency of that company. With readily-available third-party lab results, you know they’re offering what they claim.

It costs money to test products in an independent lab. And until CBD is regulated and you know what you’re getting each and every time your purchase CBD, the cost of third-party testing is going to be passed on to the consumer.  

We’re proud to say we offer third-party lab results on each and every batch of CBD we use to create our products. You’ll find them easily accessible because honestly, we’re not a company to claim we’re the best without being completely transparent about what we have to offer. Let our lab results speak for the quality of the products we provide. We’re always here to answer any questions you might have on lab testing results, as well.

The Cost of CBD: Understanding a CBD Basis Price Point

When it comes down to it, determining the price of CBD comes down to the number of milligrams of CBD you’re purchasing. You could say this is the basis for which all CBD oil is priced.

Broken down, it looks like this:

Cost of oil per gram/milligrams of CBD=cost per milligram of CBD

On average, the cost of CBD per milligram across the industry is around $0.15/milligram (low end) and $0.25/milligram (high end).

This being said, and knowing what you now know about the what determines the cost of CBD, as well as the importance of third-party testing (that lets you know exactly the potency you’re getting), if you find an oil that sells for $45/gram but there are no lab results to tell you exactly what the product is, you might want to reconsider.

What Causes CBD Prices to Fluctuate Like They Do?

The largely fluctuating price of CBD oil is largely determined by an unregulated market, not to mention the production and extraction prices that are involved in its production. It’s assumed that when the industry itself becomes more established, more regulated, and changes are seen in supply and demand, that the cost of CBD oil will begin to stabilize.

Final Thoughts on the Cost of CBD Oil

The cost of CBD oil is something that’s regularly fluctuating and can become extremely confusing when trying to decide on the best product to fit your needs. At Joy Organics we do our best to keep our prices competitive, while still offering the highest quality CBD oil money can buy.

Our 1000mg CBD Oil Tincture, for example, sells for $99.95, making the price right around $0.10/milligram.

We understand that CBD can be expensive, which is why we work to keep our prices set at an industry standard, something that can be difficult (to say the least) in such an unregulated industry. We hope this has served to answer any questions you have about how much CBD oil costs and why it’s priced the way it is.

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Meet Joy Smith, Founder

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Philanthropist & CBD Entrepreneur.

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What Our Clients Say.

Rating:

"Joy Organics products have really positively impacted my life. I am very careful what type of products I use on my body and for my health, and after days of research, I found Joy Organics. Not only are their products made from high-quality ingredients, but their customer service and genuine interest in the well being of their customers is on another level. This company goes above and beyond for its customers 😀 I wish this company nothing but success, because you all deserve it!"
- Robert

  • Testimonials:

    “I have really enjoyed dealing with the service department at Joy Organics, there has never been a time that I have called that someone didn’t call or message me back immediately. When you have a business and you deal with other companies it’s always a good feeling knowing no matter what question you ask, to know you will get a in-depth answer. I love this about Joy Organics. They are always on point!”

    Lester / The Hair Zone & Nail Spa

     

    “Wonderful Group to work with. Everything from fantastic products, prices, customer support, beautiful packaging to fast, friendly service. Joy Organics is family and feels like family! And why it is included in my line of ‘Paulines Preferred’.”

    Pauline / Paulines Preferred

     

    “People on CBD related FB pages have messaged me asking what company I decided to go with. Of course I tell them Joy Organics! We all had miserable experiences that ranged from not receiving all items ordered to lackluster customer service. I couldn’t take it any longer so I did a Google search and that’s when I came across Todd’s videos on YouTube. I was totally blown away by his honesty on what to look for in a CBD supplier and the obstacles to watch out for along the way. Most importantly, how to get approved for a merchant account! Not to mention the customer is always right philosophy. Becca and Alyx are prompt to answer any emails. I couldn’t ask for a better support team and that’s why I will continue doing business with Joy Organics.”

    -Robin Hood / Lone Star Organic

     

    “Joy Organics is an all around class-act!! They are always cheerfully willing to answer any of my questions, and are always prompt in shipping their premium CBD products! I am sincerely honored to be part of this caring, top-notch team of professionals!”

    -Sonja Broderick / Apache Junction

     

    “I am a wholesale partner with Joy Organics and am so pleased to be in partnership with such a wonderful company and caring group of people. The knowledge that is encompassed within this group of people for their product is amazing to me. I am learning on a daily basis as they are constantly sharing their knowledge with us. Someone is always available to answer questions. The turn around time from order to delivery of Joy Organics is incredibly fast, accurate,and nicely packaged. If you are looking to partner up in a wholesale capacity with a professional and caring business,look no further. You found it!”

    -Venus Warner

     

    “In early November 2018 we decided to start looking for a supplier to add to our Specialty Food Store CBD products. We as most people do now Google Organic CBD and we found number of suppliers. Next, we contact some of them and when we contacted Joy Organic after reviewing their webpage, we know we had found the supplier for our store. We pride ourselves on our customer experience. We found the same type of experience for Joy Organic. We have been providing some of there products to our guests with overwhelming ratification.”

    -Richard Morgan / The Tree of Oil LLC

  • Wholesale Partner FAQ’s:

    DO YOU PROVIDE EXPRESS DELIVERY?
    Yes. Just select your desired shipping method during checkout. There is an extra charge for express shipping.

    HOW QUICKLY ARE WHOLESALE ORDERS SHIPPED?
    All orders received by 12 PM MST Monday-Friday are shipped same day. Orders placed after 12PM MST or on the weekend will ship on the next business day.

    CAN YOU SHIP TO P.O. BOXES?
    Yes.

    CAN YOU SHIP OUTSIDE THE U.S.?
    No. We are currently only shipping within the US.

    I LIVE CLOSE TO YOUR STORE. CAN I PICK UP MY ORDER?
    We do not provide order fulfillment from our store, but if you are in a jam and need some products quickly, send an email to wholesale@joyorganics.com and we will do everything we can to help you.

    WHAT IS YOUR RETURN POLICY ON WHOLESALE ORDERS?
    We offer a 30 day return period on all orders.

    WHAT IS ONE OF MY CUSTOMERS RETURNS ONE OF THE PRODUCTS?
    Please give your customer a full refund, then email us at wholesale@joyorganics.com and we will send you a replacement at no charge.

    HOW DO I BECOME KNOWLEDGEABLE IN SELLING YOUR CBD PRODUCTS TO MY CUSTOMERS?
    Read our website and Ultimate CBD Guide. You can also check out product videos posted by Todd Smith (Joy’s husband) here.

    DO YOU HAVE BROCHURES?
    Yes. We will include one of our full-color tri-fold brochures for each product purchased. Order 50 products and you will get 50 brochures. Additional brochures are available for purchase.

    DO I NEED A SPECIAL LICENSE TO SELL HEMP OIL PRODUCTS?
    We are not aware of any city, county or state that requires a special license to sell our THC-free hemp oil products.

    WHAT DO YOU REQUIRE FROM THE RETAILERS WHO SELL YOUR PRODCUTS?
    You will need to sign our Wholesale Reseller Agreement.

    DO YOU OFFER TAX-EXEMPT ORDERS?
    Yes. Please provide us with a copy of your Tax Exempt Certificate for your state.

    WHAT WOULD CAUSE YOU TO TERMINATE A RELATIONSHIP WITH A WHOLESALE PARTNER?
    As long as you are operating with integrity, representing the Joy Organics brand with class and not making medical claims, we will have a great relationship.

    CAN YOU HELP ME SET UP MY WEBSITE?
    Yes. We have a third party team that can help you design and build your website.

    DO YOU HAVE ANY PRODUCT PHOTOS I CAN USE FOR MY WEBSITE/MARKETING?
    We have a great photo file that is updated weekly with product visualizations, lifestyle photos, and many more!

    CAN WE USE THE MATERIAL ON YOUR WEBSITE?
    You are free to use any material listed on our website. We recommend rewording content so that you do not get flagged by Google.

    DO YOU OFFER DROP SHIPPING?
    Yes. Ask our wholesale team about the details of our Drop Shipping program.

    WHAT IS YOUR SUGGESTED RETAIL VALUE?
    As a wholesale partner, you are required to offer our products at retail value as listed on our site. You may up prices if you would like.

    CAN I SELL YOUR PRODUCTS ON AMAZON, EBAY, ETSY, OR OTHER SALE SITES?
    No. We do not allow Joy Organics to be sold on any sales site. If you would like to sell our products online, your site must be approved by our team prior to purchasing.

    DO YOU OFFER ANY SAMPLES TO OFFER MY CUSTOMERS?
    Yes. Salve, softgels, and skin care samples that are available to purchase. We are currently working on samples for the rest of our products as well.

    CAN I CLAIM A TERRITORY?
    No. We do not promise territories to our partners.

    DO YOU HAVE A MERCHANT PROCESSOR I CAN USE?
    Yes. We can introduce you to a great team that will help you set up your merchant processor.

    WHO SHOULD I OPEN A BANKING ACCOUNT WITH?
    Speak with one of our team members today to discuss which bank would be best for you.

    DO I NEED TO OFFER A LIABILITY INSURANCE BY SELLING YOUR PRODUCTS?
    We recommend keeping insurance in case of theft or an accident, but as long as you do not tamper with any of the products, you do not need to carry liability insurance.

    DO YOU OFFER A NON-COMPETE CLAUSE?
    No.

    CAN I OFFER MY OWN PROMOTIONS?
    You are able to offer set promotions as outlined in the Wholesale Reseller Agreement if you have a store location. E-Commerce sites cannot offer promotions.

    I FEEL AS THOUGH I WILL BE COMPETING WITH YOUR ONLINE STORE. WHAT ARE YOU DOING ABOUT THIS?
    We have found that 90% of customers will not switch to a different retailer just because of the brand name. We recommend building a solid relationship with your customers. If you own a store where customers can come in the learn about Joy Organics, we will add you to our City Pages. This is a great way Joy Organics can help with your marketing efforts and send business your way!

    DCAN I ALSO SIGN UP FOR THE AFFILIATE PROGRAM?
    Yes! In fact, we recommend it. All active wholesale partners are automatically approved to become affiliates.

    WHAT IS THE STORAGE LIFE OF YOUR PRODUCTS?
    We guarantee potent products for up to 18 months.

    DO YOU SELL BULK CBD?
    Yes. Please reach out to our team to connect to our bulk department.

    WHAT ARE YOUR BEST SELLERS?
    Contact one of our team members to find out which products are selling best right now!

  • OUR UNIQUE PROCESS

    Joy’s processes ensure that her products provide an effective solution while remaining at an affordable price point.

    Each of our hemp oil droplets is between 4 to 200 times smaller than the industry standard. This means that they’re more easily absorbed into the blood whether consumed orally or applied to the skin.

    Our solution was to create a water-soluble nanoemulsion technology. This patent-pending technology transforms active compounds into nano-sized emulsions.

    Our highly bioavailable products are not only extremely effective, they’re also extremely economical. You’ll get the same results from a much smaller amount of what we create than you would from our competitors. This is better for you and your wallet.

  • JOY’S STORY

    Joy is a wife, mom and grandmother. As a self-proclaimed “health nut”, her story begins in a place that many of us know very well – persistent pain and trouble sleeping.

    While researching natural solutions, Joy learned of the benefits of CBD and began trying the top brands.

    What she found was distressing: only one of the seven biggest CBD oil brands gave her the relief she desired.

    After more research, the answer became obvious. Today’s CBD oil industry is a mess. There is minimal government oversight. No enforcement of false label claims and a huge variety of ineffective extraction and delivery methods.

    As Joy’s frustration grew, so did her passion for creating a product people could trust. She then put together her team to create the most pure, organic, and bioavailable THC-free full spectrum hemp oil on the market.

  • 12 BENEFITS OF JOY

    Zero THC – THC is the psychoactive compound in Marijuana
    Free Shipping – Complimentary shipping anywhere in the US.
    No Risk – All products come with a 30 day money back guarantee.
    High Absorption – Our softgels are 4x more absorbable than a standard tincture oil.
    World-Class Customer Support – Here for you to make sure your questions are answered!
    USA Proud – All products are organically grown, processed and manufactured in the USA.
    Full Spectrum – All products include all of the cannabinoids present in the hemp plant.
    Pharmaceutical Grade – Our products considered pharmaceutical grade because they are manufactured in a GMP certified facility by the FDA.
    Consistency – All our hemp oil comes from the exact same extraction process in the same facility, which ensures consistency.
    Every Batch is Tested – Each batch is tested to ensure the highest quality hemp oil available without any metals, pesticides or THC.
    Chromatography Process – Only company in the world with the chromatography process which removes THC, waxes and chlorophyll and leaves all the cannabinoids, terpenes and flavonoids
    Family Owned & Operated – Our company owned and managed by Joy’s family.
    Veteran Friendly – All three of Joy’s brother’s served in the US military.

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