Why is CBD so Expensive?
“Why is CBD so expensive?” is a question so many people are asking. This article will tell you the factors determining the high price of CBD (cannabidiol) products and help you with an exceptional CBD merchant account for your CBD merchant processing.
CBD Is Expensive. Why?
Haven’t you come across certain CBD products with unnecessarily higher prices as compared to different non-cannabis-connected products that are being produced and distributed similarly?
The interest in CBD products has grown since COVID-19. The reasons why CBD products are offered at higher prices have to do with several factors, including government oversight, licensing, fees, growth methods, processing, and extraction.
More specifically, the CBD extraction process isn’t simple. Besides, it’s not easy to grow hemp. Additionally, machinery isn’t cheap to purchase. Finally, merchants can’t get easily approved for CBD business loans. Overall, there’s some misunderstanding around pricing.
As a rule, CBD merchants are faced with super high percentage rates when processing credit card transactions. On the other hand, during the 1st 6 months, banks are more than likely to also charge a set percentage for the sales generated. Let’s move forward to discover a cheaper merchant account for your CBD business.
Cheaper CBD. CBD Merchant Account You Need.
What CBD merchants are interested in is finding a secure and cheaper CBD merchant account from a respectable provider. And this is quite possible. All you need is to shop around and find a reputable high risk merchant processor that’s very experienced in the high risk industry and guarantees the lowest possible rates and fees.
So, if you’re just considering a CBD business or you’re a buyer interested in purchasing a CBD product, you should decide whether it’s a worthwhile investment. Remember that it can be pretty challenging to pick the products that are truly worth the cost. However, with the right processing company, you, as a merchant, can enjoy the cheapest merchant processing services for your CBD business.
Did you know that to determine the value or cost per milligram of a CBD oil, you just need to divide the price of the product by the total mg of CBD? E.g., if a bottle of CBD oil costs $120 and contains a total of 2.400 mg of CBD, the cost will be $0.05 per mg.
To wrap things up, COVID-19 has resulted in a higher interest in and demand for CBD products. The price of these products isn’t low, and this is an issue that bothers both consumers and merchants. As a merchant, you can work with a true high risk processor and enjoy the cheapest possible rates.
Author Bio: Blair Thomas has been a music producer, bouncer, screenwriter and for over a decade has been the proud Co-Founder of eMerchantBroker, the highest rated high risk merchant account processor in the country that offers the most secure and cheapest CBD merchant account in the field. He has climbed in the Himalayas, survived a hurricane, and lived on a gold mine in the Yukon. He currently calls Thailand his home with a lifetime collection of his favorite books.