Is Cheap CBD Oil Any Good?

By | last updated August 4, 2021

Evidence Based 2

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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.

The first thing you need to know is which prices are considered cheap. Then, you need to be careful and choose a trustworthy CBD oil brand that also happens to offer exceptionally low prices.

Here’s how you can find a high-quality yet cheap CBD oil and our recommendations for the four best affordable CBD oil brands.

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: $0.01–0.07 per mg
  • Average: $0.08–0.12 per mg
  • High: $0.13+ per mg

That means a cheap CBD oil should cost anywhere from 1 to 7 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.

What to Look For In Cheap CBD Oil

Now that we know how much cheap CBD oil costs, the next step is to find the right product from a reputable company that falls into this price range. If you’re looking for specific cheap, high-quality CBD oil brands, check out the suggestions below.

Otherwise, here are some tips to keep in mind if you found a low-priced CBD oil and want to figure out if it’s worth buying.

Third-party Testing

These days, all CBD companies are expected to send their products for testing to an independent lab and post the test results publicly. 

These tests help verify whether the CBD oil contains as much CBD (and other cannabinoids) as advertised. They can also check for the presence of pesticides and other contaminants. 

Given the lack of regulation in the CBD industry, third-party testing is absolutely essential.  If the CBD oil you’re looking to buy doesn’t come with these tests, that’s a huge red flag.

Hemp Source

You should also check for information about the hemp used to source the CBD. It should be grown organically in the United States or Europe. It’s even better if the hemp source is USDA organic certified or grown directly by the company but this isn’t required. 

Again, this information should be clearly listed on the company’s website.


The strength or potency of CBD oil refers to the concentration of CBD per ml of liquid. For example, a tincture with 1800 mg of CBD in a 30 ml bottle has a concentration of 1800/30=60 mg per ml. 

This number is important as it can mean the difference between CBD oil that works for you and one that doesn’t.

Ideally, you should match your dosage preferences to the appropriate CBD oil strength. You can divide CBD tinctures into low (1-15 mg/ml), medium (20-40 mg/ml) and high (40+ mg/ml) strengths. If you’re just starting out, a low-strength CBD oil can be ok. 

Generally speaking, however, it’s always better to go with the high-strength option, because you won’t struggle with needing to take large amounts of oil (more than a dropper) to feel an effect.


Customer reviews of a CBD company or product can also help you make an educated decision. 

In particular, we recommend checking reviews on independent websites such as Trustpilot and Reddit, as these sites are not affiliated with CBD companies, which means you’re more likely to find honest, unbiased reviews from real customers.


Another mark of a reputable CBD company is transparency. That means clear, easy-to-find information about the company’s history, manufacturing process, third-party testing, and other useful details.

Look around the company’s website to find this information; it will typically be listed in the product descriptions or FAQ and About pages.

CBD Terminology

  • Terpenes: aromatic plant compounds with a wide variety of beneficial properties (1).
  • Minor cannabinoids: CBN, CBG, and other beneficial cannabinoids that are present in smaller amounts than CBD.
  • Hemp: a non-intoxicating variety of cannabis with high CBD and low THC levels (>0.3%).
  • Full-spectrum: whole-plant hemp extract containing CBD, THC, and other beneficial hemp cannabinoids and terpenes. This CBD form is up to 4 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 with all other hemp compounds removed.

Cheap, High-Quality CBD Oil Brands

Here are four reputable brands that offer cheap CBD oil. 

Lazarus Naturals — Best Cheap CBD Oil ($0.02–0.03 per mg)

Founded in 2014, Oregon’s Lazarus Naturals is one of the most popular CBD brands on the market, and for good reason. Despite having some of the lowest prices for CBD oil you’ll find anywhere, the company offers exceptional quality. 

Its CBD oils cost only about $0.02–0.03 per mg of CBD, which is ridiculously cheap. On top of that, Lazarus has a 60% discount for veterans, low-income individuals, and those with disabilities.  

Also, whereas most CBD brands buy hemp or finished products from other producers, Lazarus Naturals grows most of its hemp on a farm in central Oregon. It also provides detailed third-party lab test reports so you can verify the product quality.

Lazarus Naturals’ CBD oil comes in full-spectrum and CBD isolate formulations as well as two strengths (20 mg/ml and 50 mg/ml), three bottle sizes, and multiple flavors. There is also an option rich in CBG, another beneficial cannabinoid that’s gaining popularity. 

CBDistillery — Solid Alternative ($0.05–0.07 per mg)

Colorado’s CBDistillery is another affordable, high-quality CBD brand. It’s CBD oils cost about $0.05–0.07 per mg, which is considered below-average. 

One of the most recognized names in the industry, CBDistillery uses only organic, Colorado-grown hemp to make its CBD products and provides detailed third-party lab test reports for all products.

It’s one of the few brands to hold U.S. Hemp Authority Certification, a third-party audit program that verifies that a company uses best hemp industry practices. 

CBDistillery offers many options for CBD oil. There are full-spectrum, broad-spectrum, and isolate varieties, as well as tinctures rich in the minor cannabinoids CBG and CBN. 

There are also many potencies ranging from as low as 17 mg/ml to as high as 167 mg/ml.

Medterra — Another Alternative ($0.04–0.07 per mg)

Medterra is another top-tier CBD company with affordable prices. 

Medterra is certified by the U.S. Hemp Authority and provides detailed third-party lab test results to verify the quality of its products. Its CBD is derived from organic hemp grown in the state of Kentucky.

Medterra’s CBD oils are completely free of THC and come in two formulations: pure CBD isolate and broad-spectrum CBD. They have strengths ranging from 17 mg/ml to 100 mg/ml and multiple flavors.

Elixinol — Another Alternative ($0.06–0.08 per mg)

Founded in 2014, Elixinol is a global CBD brand with a strong reputation. 

The company’s products are sourced from organic hemp cultivated in the U.S. and undergo comprehensive third-party testing.

Elixinol also holds the U.S. Hemp Authority Seal, which signifies adherence to strict hemp manufacturing quality controls. 

The company offers full-spectrum and broad-spectrum CBD oils with multiple formulations, such as liposomal tinctures that may help promote the absorption of CBD. They have a CBD strength of 8-16 mg/ml. 

Summing Up: Cheap CBD Can Be Good

Cheap CBD oil can certainly be good, but only if it comes from a reputable brand. We suggested four popular, trustworthy CBD companies that won’t break the bank.

If you want to use a different brand, be sure to follow our tips to make sure the cheap CBD oil you’re buying is of high quality. 

CBD oil doesn’t have to be outrageously expensive; if you do your research, you can certainly find affordable options that work. 

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