People who are passionate about the therapeutical properties of hemp and cannabinoid products will know that it can be quite a lucrative industry. Many people are turning to using more natural symptom treatment supplements rather than taking chemically-induced medication.
Passionate entrepreneurs will try their hand at investing in wholesale CBD products either to use themselves or to further develop and re-sell. Because of its many benefits, patients are using CBD oils on a daily basis. Click here to learn more about the benefits of cannabinoid oils.
With demand for CBD products getting higher, the industry is definitely an open field for anyone who wants to be part of it. But what is the going rate and market values.
Prices will typically depend on what product you want to buy. The following price trends apply:
Those who smoke flowers or who would like to make their own cooking oils will usually buy dried hemp flowers. Prices per pound averages at $226. It is important that the buyer always asks the manufacturer about the origin and cannabinoid percentage and content of the flower before buying. Since the flower will have an effect on the quality of the goods.
The RAW biomass material contains a good percentage of cannabinoids. It should be weighed and sold when it is at least 80% dried. Prices are dependent on the CBD percentage per pound. Currently, cannabinoid biomass is selling for $1.31 per CBD percentage in a pound. Compared to the $4 average in June 2019, the product has become much more affordable and accessible to all.
Distillates and Refined Hemp Oil
When it comes to refined hemp oils there are three different categories; full spectrum, broad spectrum, and THC-free. This basically refers to the CBD-content of the oil once it has gone through the extraction method and a distillation process. Learn more about the distillation process and extraction here: https://www.youtube.com/watch?v=N96JaRnE7n0.
The most expensive one out of the three is the THC-free CBD distillate. This is because many manufacturers want to create products without THC in it and only CBD. When you have a THC-free distillate it is legal to sell and can be used for medicinal purposes. Because of this you can pay up to $2,528 per kilo.
Full spectrum oils contain all cannabinoids like flavonoids, THC, CBD, and terpenes which makes it less expensive. You can expect the price to start from $1,792 per kilo.
Crude Hemp Oil
Consumers can pay as little as $670 per kilo for crude hemp oils. This is the oil product that is the result of the extraction method before it is distilled.
You can expect special wholesale discounts from companies who manufacture, cultivate, and farm specifically to sell wholesale. When you build up a trusted relationship, you can expect even better prices in the future. Also expect better prices when you buy higher volumes.
The market value of different types of products really depends on a whole lot of factors. Prices are influenced by the quality of the product. Quality is affected by the following factors:
- Whether the plant has been hand or machine harvested
- Whether the plant was slowly cured or put through a process that made it dry faster
- The CBD and THC content percentage
- Whether it’s full or broad spectrum
- The quality and species of the cannabis plant used
- The extraction method used to extract oils from the plant matter
- Whether you are buying 2 kilos or a ton of product. If you buy in a greater volume, you’ll most definitely pay less per kilo or pound
Companies like Cheef Botanicals sell their ready-to-use products at good prices. Goods range between $29-$99 which is affordable for anyone who want to give it a try. Knowing that successful companies like Cheef Botanicals sell their products at these prices, it is safe to say that it is a profitable business.
No matter your reason for buying CBD products at wholesale, the future for cannabis products is bright. The industry is continuously growing and evolving, making it a great market to go into or to just try out for your own personal use.