The Best Cheap CBD Oils: Reviews & Guide (2023)

By | Updated on November 11, 2023

Medically reviewed by
Kimberly Langdon

Evidence Based 4

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We all want to spend as little as possible to get the best product. Does that apply to CBD oil? Can you find a cheap CBD tincture that’s also good?

The short answer is yes. When it comes to CBD oil, a high price does not necessarily mean high quality. There are plenty of effective, affordable options.

But they’re not easy to find. To help you out, I compared and tested dozens of leading brands based on price, efficacy, third-party lab test results, hemp source, potency, and other criteria. Here’s my review of the best options.

5 Best Cheap CBD Oils

I separated my picks for the best affordable CBD oils into five categories to make it easier to find the right fit.

CBD Terminology

  • Hemp: cannabis variety with high CBD and low THC levels (no more than 0.3%).
  • Terpenes: aromatic plant compounds with various beneficial properties (1).
  • Minor cannabinoids: CBN, CBG, CBC, and other beneficial cannabinoids found in smaller amounts in hemp. They may work in synergy with CBD.
  • Full-spectrum: whole-plant hemp extract containing multiple cannabinoids, terpenes, and flavonoids. This form of CBD is about four times more potent than pure CBD (2).
  • Broad-spectrum: whole-plant hemp extract similar to full-spectrum CBD, but with THC removed (may contain trace amounts).
  • CBD isolate: pure CBD without any other hemp compounds.

Lazarus Naturals Classic High Potency Tincture (Best Overall)

lazarus naturals high potency CBD oil


CBD Potency50 mg/ml
Volume30-120 ml
Total CBD1500-6000 mg
Cost per mg CBD $0.02-0.03
Third-Party TestsView report


  • Exceptionally low price
  • Multiple flavors and bottle sizes
  • USDA organic certification


  • Lacks higher strengths

Founded in 2014, Lazarus Naturals is one of the most popular and respected CBD brands on the market.

Its high-potency full-spectrum CBD oil is the overall best & most affordable tincture I’ve ever tried, so much so that it’s my go-to pick. It costs only 2-3 cents per mg of CBD, which is very cheap. You can also qualify for free shipping on orders over $50.

This USDA-certified organic oil is available in different sizes and flavors (classic, chocolate mint, strawberry lemonade). Lazarus Naturals grows and extracts its own organic hemp in Central Oregon, which is a big bonus for quality control. It also has a 60% off assistance program.

My experience: This is the most effective and affordable CBD oil I’ve ever used. It’s cheap and has stronger effects than most tinctures of equal and often even higher strength. I’m also a fan of the natural hempy taste.

Upstate Elevator Supply Co. Full-Spectrum CBD Oil (Best Full-Spectrum)

upstate elevator full-spectrum cbd oil


CBD Potency50 mg/ml
Volume30-60 ml
Total CBD1500–3000 mg
Cost per mg CBD$0.03
Third-Party TestView report

Use coupon code cbdthinker15 for 15% off


  • Rich in minor cannabinoids and terpenes
  • Multiple flavors and bottle sizes
  • Free shipping over $49.99


  • Lacks natural flavor option

If you’re looking for the most effective, affordable full-spectrum CBD oil, I recommend Upstate Elevator Supply Co. Its tinctures have a high amount (10-14%) of minor cannabinoids that work in synergy with CBD.

Better yet, they’re certified organic by the USDA and sourced from unique hemp cultivars. These high-potency CBD oils come in peppermint or orange flavors. They cost only $0.03 per mg of CBD, plus you can subscribe for another 20% off.

Upstate Elevator Supply Co. is the top CBD brand from Vermont. It grows its own USDA-certified organic strains of hemp suited specifically for Vermont’s climate.

My experience: This is a high-quality tincture with a pleasant orange taste that’s not too strong. It had potent relaxing effects that kicked in within 30 minutes.

Medterra Ultra Broad-Spectrum CBD Oil (Best THC-Free)

medterra broad-spectrum cbd oil


CBD Potency33-67 mg/ml
Volume30 ml
Total CBD1000-2000 mg
Cost per mg CBD$0.05-0.06
Third-Party TestsView report


  • Two strengths and three flavors
  • U.S. Hemp Authority-certified
  • Free shipping over $75


  • Can be cheaper

Medterra is another top-tier CBD company with affordable prices. If you’re looking for a cheap, THC-free CBD oil, I recommend its ultra broad-spectrum tinctures.

They’re guaranteed to contain at least a 10:1 ratio of CBD to minor cannabinoids, which is impressive for a broad-spectrum (THC-free) product. You can choose from unflavored, citrus, and chocolate mint flavors.

Medterra’s products are sourced from organic Colorado hemp and go through comprehensive third-party testing. They’re also certified by the U.S. Hemp Authority, which highlights a commitment to leading hemp production standards.

My experience: I took a full dropper of the 2000 mg citrus-flavored tincture. The taste was nice and mild and I felt the effects kick in about 20 minutes after, feeling relaxed and calm for several hours.

R&R Full-Spectrum CBD Tincture (Strongest)

R&R full-spectrum CBD tincture 2500 mg


CBD Potency167 mg/ml
Volume30 ml
Total CBD5000 mg
Cost per mg CBD$0.03
Third-Party TestView report

Use coupon code CBDTHINKER for 20% off


  • Very high strength
  • Two flavors
  • Free shipping over $60


  • None

If you need cheap, high-potency CBD oil, I recommend R&R. Its full-spectrum CBD oil has a strength of 167 mg/ml: one of the strongest on the market.

It’s certified organic by the USDA and comes in natural and fresh mint flavors. Better yet, the oil costs less than 3 cents per mg of CBD, one of the lowest prices you’ll find. R&R is a highly reputable brand out of Colorado that uses USDA-certified organic hemp.

My experience: I tested out the 2500 mg tincture, which had a pleasant, mild mint taste. The effects were some of the strongest I’ve experienced from any CBD oil; I felt relaxed and had an easier time falling asleep.

Five CBD Full-Spectrum CBD + THC Oil (Best Flavors)


CBD Potency50-100 mg/ml
Volume30 ml
Total CBD1500-3000 mg
Cost per mg CBD $0.03
Third-Party TestsView report


  • High in minor cannabinoids and terpenes
  • Delicious flavors
  • Two high strengths


  • Additional flavors would be nice

If you’re looking for an affordable CBD oil with pleasant flavors, Five CBD is a great pick. You can choose from mint chocolate and citrus flavors with two high strengths.

Better yet, this full-spectrum oil has a high 5:1 ratio of CBD to minor cannabinoids, with third-party tests also showing notable terpene levels. Price-wise, you’re paying only 3 cents per mg — one of the lowest on the market. You can also subscribe to get another 30% off.

Five CBD’s products are sourced from organic hemp and comprehensively tested by a third-party lab to verify their purity and potency.

My experience: I tested the 3000 mg citrus-flavored CBD oil. It had a nice orange taste that wasn’t too overpowering. The effects kicked in within 20 minutes and I felt relaxed, calm, and uplifted for several hours.

What’s Considered a Cheap CBD Oil?

The easiest way to compare the prices of CBD oil, or any CBD product for that matter, is by the price per milligram (mg) of CBD. For example, if a CBD oil costs $50 and contains 500 mg of CBD, that means you’re paying 50/500 = $0.10 per mg. 

So, how much should you pay for cheap CBD oil?

Roughly speaking, the prices of CBD oil can be divided into three tiers:

  • Cheap: $0.01–0.05 per mg
  • Average: $0.06–0.11 per mg
  • High: $0.12+ per mg

That means a cheap CBD oil should cost anywhere from 1 to 4 cents per mg of CBD. However, keep in mind that CBD prices will continue to decrease as time goes on and the industry matures, so we can expect lower prices in the future. 

Money-saving tip: To get the best deal when buying CBD oil, get the bottle that contains the most CBD. This significantly reduces the cost per mg of CBD, can sometimes qualify for free shipping, and the tincture will last you much longer before you need another one.

How I Chose These CBD Oils

The main CBD oils I compared and considered for this list.

I’ve used hundreds of CBD oils. For this list, I started out with about 30 affordable brands, and then narrowed it down to 10 CBD oils with the best combination of price and quality. I then narrowed down my options again for my 5 final picks. Here are the criteria I used:

  • Effects (to find the most effective CBD oils)
  • Price (I looked for products with a low price per mg of CBD)
  • Third-party testing (to make sure the CBD levels and other claims are accurate)
  • Type of CBD (Full-spectrum is best but broad-spectrum is needed for people who avoid THC)
  • Product potency (to get the best effects and avoid weak products)
  • Hemp source (quality plants mean an effective CBD extract)
  • Company reputation (to verify the company can be trusted)

4 thoughts on “The Best Cheap CBD Oils: Reviews & Guide (2023)”

  1. None of these are actually cheap. There’s a hemp glut and these prices are still too high. I guess when you get a kickback you have to plug the hand that feeds you. Please research actually good prices. 300mg of CBD is nowhere near worth $40-60. That’s insane.


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