While the CBD industry is blossoming, there are many people concerned about its pricing. In this article, we break down the pricing of CBD oil and reveal the true cost of relief. Before we do, it may be best to share how much prescription drugs is costing Americans.
The Cost of Relief - Prescription Drugs
What if we were to tell you that American’s spend more on prescription drugs than anyone else in the world. It’s true, in fact, the American people spend $1,200 per person per year, on average. As many people are aware, CBD is praised for its ability to stuff out anxiety, which is just one of the reasons why this natural molecule derived from cannabis has become such a huge hit. According to the Anxiety and Depression Association of America, there are approximately 40 million American adults (about 18% of the population) that suffer from some type of anxiety disorder. Although prescription drugs and other alternatives can treat the disorder, only 36.9% of those suffering from the condition actually receive any treatment.
More people are affected by specific phobias than any other type of anxiety condition, such as social anxiety disorder, panic disorder, obsessive-compulsive disorder (OCD), and other types. In fact, 19 million adults are affected by specific phobias, which consists of about 8.7 of the U.S. population. Here’s something you probably didn’t know… out of all adults being affected by this disorder and several others, women are twice as likely to be affected as men.
There are many prescription drugs on the market that doctors are prescribing to patients to treat anxiety, such as Venlafaxine and Sertraline. The question is, how much do these drugs cost? Venlafaxine costs $118 for a 30-day supply on average, while Sertraline is nearly $80 for a 30-day supply. In all honesty, those numbers don’t seem extreme, though the median household income in the United States is just $56,516 according to the 2015 U.S. Census. Still, to treat a condition that has become a nuisance, the cost isn’t exactly terrible for what it’s able to do. However, it is when you factor in the common side effects of Venlafaxine, which consists of nausea, vomiting, diarrhea, changes in appetite or weight, dry mouth, yawning, dizziness, headaches, fast heartbeats, tremors or shaking, insomnia, vision changes, increasing sweating, and what takes the cake of all the side effects from this anxiety-treating drug, one of its side effects is anxiety. That’s right… the drug you would be paying $118 to eliminate your anxiety, may actually cause more anxiety or give you a nervous feeling.
Now that we know the cost of relief when it comes to prescription drugs, is the cost of CBD the same, cheaper, or is it more expensive than common treatment?
The Cost of Relief - CBD Oil
Because of the CBD industry still being so new, there isn’t much factual information that has been presented in studies. It’s all new and just making headway, so standards for the industry are still being established. This makes it hard to calculate its cost, however, what it really comes down to is how many milligrams of CBD you’re getting for the price you’re paying. CBD oil, which is what we’re comparing, is commonly available in a 30ml or 60ml bottle, along with several concentration options. From what we’ve seen, most CBD oil is about $100 for a 1000mg bottle. You are paying on average, $0.10 per milligram for a 30-day supply, if you took 33.3mg per day (or 1 dropper full). If you are like many of us, 2-3 droppers per day will suffice, though many people may also require less. The fewer milligrams you require per day, the longer the bottle will last you.
As the industry progresses, prices will continue to reduce due to the brand’s trying to compete with one another. One brand, in particular, that has proven this is Naked 100 CBD. Here at PRYME CBD, we sell a 60ml bottle of 1200mg CBD oil for $54, which is just $0.045 per milligram. The prices of these products are great for the conditions they treat, and with the prices going even lower, it’s becoming even better. The best part about CBD is that it’s all-natural, with no known side effects, and no known risk of overdosing.
Despite the benefits that CBD oil may offer, whether that be from its cheaper costs or additional benefits it offers with less risk, we want to make clear that this doesn’t mean you should stop taking your regular prescription drugs. However, we encourage you to consult with your doctor and mention these facts to them, along with you considering CBD as an alternative to fit into your regimen. Now that you know the cost of relief, hopefully, it will help you someway in the future.