New analysis from Leafreport It found a 5,100% difference between the cheapest and most expensive CBD products on the market, but found a 1.96% drop in price per milligram of CBD since last April.
The report shows that the cheapest category for CBD is CBD isolate, which the Leafreport report found to be 19% cheaper on average compared to April 2021, while capsules increased more during the same period – by 2.55%.
Laura Fuentes, chief science and innovation officer for Green Roads CBD, told Leafreport that when pricing for the top players in the industry is considered, “the pricing gap is not large because most of them follow the same production process and have similar costs.”
“The gap starts to appear when companies that fly under the radar and don’t follow generally accepted manufacturing procedures come in at low prices – consumers should be wary of prices that sound too good to be true.” – Fuentes to Leafreport
According to the Leafreport report, the most expensive Convention on Biological Diversity The brand in the market is Kushly, while Industrial Hemp Farms has the most affordable products. The analysis points to a “huge gap” separating the most expensive and cheapest CBD products.
The report found that the average price of full-spectrum gum, capsules and tinctures was $0.09 per milligram, while the average price of topical It was $0.20 per milligram. The isolates carried an average price of $0.02 per milligram while the isolates cost $0.08 per milligram. According to the report, the average price per milligram of CBD for liquids and vapors was $0.12 per milligram, and food items cost $0.17 per milligram.
Leafreport formulated pet food averaged $0.21 per milligram of CBD, while pet formula tinctures cost $0.12 per milligram. The report says the difference between product prices was 1,483% for pet food, and 858% for pet dye.
The largest product price gap was in the subjects category, where the price gap per milligram was 11,142%, with a lowest price point of $0.015 per milligram and a peak of $1,68625.
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