How To Determine If You Are Paying A Good Price.
Price Per Milligram (mg): How to determine if you are paying a good price.
When purchasing oil, whether it is CBD or THC or any other cannabinoid, understanding the price per milligram (mg) is key.
Consider the following example:
Bottle A – 1 ounce of CBD oil, costs $30.
Bottle B – 1 ounce of CBD oil, costs $150.
Looking at that info only, everyone would think purchasing Bottle A is the better deal. Compared to Bottle B, it’s much more affordable. But is it? Let’s look at it again. Upon closer inspection.
Bottle A has 100 mgs of CBD.
Bottle B has 1500 mgs of CBD.
So looking at that, Bottle A may be cheaper, but it won’t last very long, or may not even be effective. If you need a 50 mg dose of CBD, Bottle A has 2 doses (100 mgs/50 mgs per dose = 2 X 50 mg doses in the entire bottle!). With that same 50 mg dose, Bottle B has 30 doses (1500 mgs/50 mgs per dose = 30 X 50 mg doses). So Bottle B now seems like the better deal. To verify that, let’s also calculate the price per mg and compare that as well.
Comparing the price per mg is the only way to accurately tell if you are getting a good deal, or if you are being charged too much. To do this, you take the price of the oil/mg of the cannabinoid of interest.
So for Bottle A, $30/100 mgs of CBD= $0.30 per mg of CBD. Not bad, but let’s do Bottle B too.
For Bottle B, $150/1500 mgs of CBD = $0.10 per mg of CBD.
Bottle B is actually cheaper than Bottle A when looking at the amount of CBD you are actually getting! Bottle B turns out to be a much better deal. It will not only last longer, but it is also cheaper per mg.
So, for those of you just starting out on this journey, looking at the sticker price is often not a great way to compare oils. You have to do a little math to determine what the best deals are. And in my experience, the oils that are priced between $0.05 and $0.10 per mg are actually some of the best quality oils. These manufacturers set the prices low because they also understand that for medicinal purposes, patients often need larger doses. Oils that cost more ($0.15 per mg and higher) make long term medicinal use unaffordable for most.