• Advertise
  • Contact Us
Extraction Magazine
No Result
View All Result
  • News
  • Botanical Extraction
  • Psychedelic Extraction
  • Medical Research
  • Special
  • Glossary
  • Our Team
  • Write For Us
  • News
  • Botanical Extraction
  • Psychedelic Extraction
  • Medical Research
  • Special
  • Glossary
  • Our Team
  • Write For Us
No Result
View All Result
Extraction Magazine
No Result
View All Result
Home Industry News

Sizing Up the CBD Industry – New Data from LeafReport

Asia Mayfield by Asia Mayfield
February 22, 2020
in Industry News
0
Sizing Up the CBD Industry – New Data from LeafReport

Today’s cannabidiol (CBD) market is extremely diverse. Because sellers face minimal restrictions, there’s a wide difference in quality and potency between different products. Buying high-quality CBD can be a confusing process for consumers, but it can be made easier by arming yourself with knowledge regarding the company and how their CBD was extracted.

A recent report drafted by LeafReport highlights some interesting trends in the CBD industry, regarding price, potencies, and products. The report covers over 3,500 products and 53 brands. It categorizes prices by bargain-grade, market-grade, and pricy, which were derived from the cost per milligram of CBD. Here are a few variables that can affect the quality and price.

READ ALSO

Is Delta-6a10a Being Sold As Delta-10 THC?

Selection of Best Scientific Publication on Cannabis – October 2023

Extraction Method

Extraction methods have different costs. According to the report, CO2 extractions tend to be costlier than ethanol extractions.

Testing

Some companies prove their CBD’s quality by working with independent laboratories. These labs provide reliable data that consumers can trust. This data costs the product manufacturer, though. A product lacking a certificate of analysis does not mean that it isn’t potent. However, you can use third-party information to help you find peace of mind, especially when a product is found to be devoid of contamination.

Organic

The organic craze has touched the CBD industry. Yet, it’s not viable for every company. As LeafReport notes: “In some states, there is no provision for certifying industrial hemp as organic. Lazarus Natural’s in Oregon, for instance, grows their products organically, follows the rules of the Oregon Farm Bureau, but still doesn’t provide organic certification.”

In states where hemp farmers can be certified organic, the process can be lengthy and expensive. Many product manufacturers, though, find the added expense to be worth it.

Much of the price difference between CBD products can be explained by the above reasons, but there are other factors at play as well. LeafReport found that the price variance between CBD tinctures was more than 1000%. It’s possible that many companies are inflating their prices because consumer demand is so high.

The study also found a whopping 3200% difference between lowest- and highest-priced products when the types of products were collectively grouped. The lowest were $0.02/mg while the highest was $0.66/mg.

Important for product design, the report summarizes the average potency and the range of potencies determined from the study. For example, the average potency of a topical product is 16.67 mg/mL, or 500 mg of CBD in a 30 mL (1 ounce) vessel. The most common capsule dosage is 25 mg, but the range spanned from 5 to 100 mg. Of course, when made from hemp extracts, the levels of delta-9-tatrahydrocannabinol might dictate the potency of the product, since it will need to be diluted to < 0.3%.

As a consumer, there is almost no way to judge a CBD product’s quality without doing your due diligence.

Image source: Health & Skin

Related Posts

Is Delta-6a10a Being Sold As Delta-10 THC?
Industry News

Is Delta-6a10a Being Sold As Delta-10 THC?

November 7, 2023
Selection of Best Scientific Publication on Cannabis - October 2023
Industry News

Selection of Best Scientific Publication on Cannabis – October 2023

October 21, 2023
Selection of the Best Scientific Publications on Cannabis July 2023
Extraction Products

Selection of the Best Scientific Publications on Cannabis July 2023

July 28, 2023
Bioactive Hemp Clothing
Industry News

Bioactive Hemp Clothing

July 25, 2023
Psychedelics and Mental Health in Australia: Realistically
Featured

Psychedelics and Mental Health in Australia: Realistically

July 5, 2023
The Budtender's Guide: A Reference Manual for Dispensary Professionals and Cannabis Consumers
Industry News

The Budtender’s Guide: A Reference Manual for Dispensary Professionals and Cannabis Consumers

May 18, 2023
Next Post
Physicochemical Property Data in the Cannabis Industry

Physicochemical Property Data in the Cannabis Industry

LATEST ARTICLES

Fractional Distillation Apparatus

Fractional Distillation Apparatus

December 3, 2023
Blue lotus flower, the core ingredient of a blue lotus extract

The Blue Lotus Extract: 2023 Overview

November 27, 2023
Using enzyme to improve efficiency of mechanical expressed essential oils

Using enzyme to improve efficiency of mechanical expressed essential oils

November 25, 2023
What Are The Advantages Of Short Path Distillation

What Are The Advantages Of Short Path Distillation

November 21, 2023

About

Extraction Magazine is the trusted provider of botanical extraction news, ever-changing politics, cool gadgets and technologies, and methods for producing safe, ethical, and compliant formulations.

Advertisers

Navigation

  • News
  • Botanical Extraction
  • Psychedelic Extraction
  • Medical Research
  • Special
  • Glossary
  • Our Team
  • Write For Us

Recent Posts

  • Fractional Distillation Apparatus
  • The Blue Lotus Extract: 2023 Overview
  • Using enzyme to improve efficiency of mechanical expressed essential oils
  • What Are The Advantages Of Short Path Distillation

Subscribe to our Newsletter

loader

© 2023 Extraction Magazine is the trusted provider of botanical extraction news and the leading media in the ever-changing extraction industry.

No Result
View All Result
  • Industry News
  • Botanical Extraction
  • Medical Research
  • Psychedelic Extraction
  • Medical Research
  • Special
  • Glossary
  • Our Team
  • Write For Us

© 2023 Extraction Magazine is the trusted provider of botanical extraction news and the leading media in the ever-changing extraction industry.