When shopping for CBD products, understanding the cost per milligram of CBD is essential. Understanding how everything is priced will help you make informed decisions based on your needs and budget, as well as avoid overpaying for a product that may not work for you.
To calculate, all you need is:
- The cost of the CBD product
- The CBD content in milligrams (mg)
The CBD content of the product should be on the label or product description if you’re ordering online. All you have to do is divide the cost of the CBD product by its CBD content. The result will represent the cost per milligram of CBD.
Let’s use our 1,000mg Blessed CBD oil as an example.
Its regular price is £69.95 and it contains 1,000mg of CBD. The calculation would be as follows:
£69.95 / 1,000mg = £0.06 per milligram of CBD.
Let’s use another example to illustrate why using this formula when shopping for CBD products is so important. Let’s say you see CBD oil going for £50.95 for 800mg and one for £80 for 1,500mg. Although the former seems like the better deal, if we calculate using the formula above:
£50.95 / 800 mg = £0.06
£80 / 1,500 mg = £0.05
The 1,500mg product is the much better deal, as you are paying less money for more CBD.
CBD Potency and Cost
The potency of a CBD product refers to the concentration of CBD it contains. When choosing which CBD product to buy, it’s important to factor the CBD potency into the equation. Even if you buy the more affordable option, if the CBD concentration doesn’t suit your needs, you’re not really getting a good deal.
To calculate the CBD potency in a product, you need to know the total amount of CBD in the product and the serving size. Here’s the formula:
(Total CBD in mg) / (Serving Size in ml) = CBD Potency
Here are some examples:
- 1,000 mg / 10 ml = 10% CBD potency
- 1,000 mg / 50 ml = 2% CBD potency
As you can see, even though product number two is a larger container, the CBD concentration is much less potent. If you need something a little stronger, you’re much better off with product number one.
It’s important to note that this formula is only an approximation. There are many CBD product vendors that have the exact CBD potency per drop or per ml in their product description. You should always check the product description first, and if you can’t find the information you’re looking for, contact the supplier. If you can’t do that, then you can use the above formula for an approximate CBD potency.
How Much Does CBD Cost?
You may be wondering if it isn’t just easier to look up the cost of CBD per milligram instead of doing calculations. The problem is that the cost of CBD varies. Like any material goods, inflation, supply and demand, distribution and retail, and many other socio-economic factors affect the price of CBD. It’s a lot easier to choose a few reputable brands you can trust and calculate the cost of CBD yourself.
Conclusion
Calculating the cost per milligram of CBD empowers you to make informed decisions when purchasing CBD products. Like any other product, CBD companies place a hefty price tag on CBD, mainly because of branding, so keeping yourself informed and knowledgeable is important if you don’t want to overspend.
So, remember, when calculating the cost of CBD, keep these factors in mind:
- Gather Information: Start by researching the price of the CBD product you are interested in and determine the total CBD content provided by the manufacturer.
- Calculate the Cost per Milligram of CBD: Calculate the cost of CBD per mg by dividing the cost of the CBD product by its CBD content.
- Consider the CBD Potency: Consider your specific needs and desired dosage when evaluating the potency of different products.
- Compare Costs: Look for products with similar CBD content and compare their prices. Take into account the quality, reputation, and reliability of the brand or manufacturer.
- Calculate Daily Usage: Once you have determined your CBD dosage, multiply it by the number of days the product is expected to last. This estimation will give you an idea of your daily and monthly costs, allowing you to budget accordingly.
