What is CBD oil, and why is it so expensive? - Business Insider

Depending on who you ask, CBD oil can be a miracle cure, a snake-oil placebo, or something vague in between. This poorly regulated industry, which has boomed over the last three years, is a minefield for newcomers. Considering that manufacturers are unauthorized to make medical claims, how can one CBD oil cost $50, while another of the same volume costs $390? And are premium CBD oils justified for being so expensive?CBD stands for cannabidiol.

More worryingly, lab tests conducted by the Centre for Medicinal Cannabis found that 62% of CBD products tested in the UK didn't contain the cannabidiol content promised on the label. One product actually contained no CBD whatsoever. CBD is shrouded in mystery and confusion for the consumer. On the one hand, a 2018 cross-sectional study of CBD users found that almost 62% "reported using CBD to treat a medical condition," stating that CBD has "broad therapeutic value.

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