According to a California Cannabis Industry Association (CCIA) report, the average cost of producing a pound of cannabis in California is now $1,000/pound. That’s up from $850/pound last year and up from $700/pound in 2017 and the rising costs have affected this market too
This increase is partly due to the fact that more people are entering the market and environmental regulations that require growers to use less water and electricity than they did in previous years. The result? A higher cost per pound for producers.
The demand for CBD products has been proliferating, and with the rising popularity of CBDs comes an increase in their cost.
In fact, we’ve noticed that many of our consumers are struggling to afford their favorite products—and we want to help! So we’re introducing a new section on our website: “CBD News Deals.” Here you’ll find all-new coupons, deals, and offers on your favorite brands.
We acknowledge how challenging it can be to find ways to save money when you’re trying to do more with less—especially when it comes out of your own pocket. That’s why we’re here for you! It would help if you didn’t miss out on the benefits of CBD because they’re too expensive for you right now.
If you’re a CBD user, you may have noticed that prices have steadily risen in recent months. And that’s not just because of the increased demand for this product—you might want to blame the cost of hemp.
Hemp is a plant that has many uses and is used to make CBD oil. The price of hemp has been steadily increasing over the past few months because of tariffs placed on imported Chinese crops by the US government. This means that manufacturers are paying more for their raw materials, which they pass along to consumers.
But don’t worry! There are still ways to save money on your CBD oil. Make sure you are price-shopping and exploring new brands.
