4 Factors Affecting the Price of Hemp Oil
Hemp oil has been a popular topic of discussion lately. It’s no surprise, as it is one of the most versatile and beneficial oils available. However, many people are wondering about the price, which can fluctuate depending on various factors. In this blog post, we will look at few factors to help you understand why hemp oil prices fluctuate so much.
- The type of hemp oil
Hemp oil is classified as cold-pressed, unrefined, or expeller pressed. Depending on the process used to extract it, this will affect the purity and taste of the product—which also affects its price. Cold-pressed oils are more expensive than those made with heat because they retain all their nutrients and flavors. Unrefined products tend to be nutty in taste but lack some of that freshness we experience when using cold-pressed products – these oils typically cost less due to their ingredients being compromised during processing. This kind of valuable information is also available at https://synchronicityhempoil.com/product-collections/hemp-tincture-500mg/.
- The method of extraction
There are three main methods used to extract hemp oil: cold-pressing, solvent extraction, and hexane. Cold-pressed oils can be the priciest because the process is costly. Solvent extracts (such as CBD oil) tend to cost more than their unrefined counterparts because they go through additional processing steps that require more equipment, time, and workforce—which means higher costs for businesses.
Hexane is an inexpensive chemical that strips out all cannabinoids while leaving behind other compounds like chlorophyll, which gives it a grassy flavor—making this type of product some of the cheapest available on the market today due to its low purity levels.
- The source material
The strain or plant family from which the oil is extracted plays a considerable role in determining its price. Hemp seed oil, for example, tends to be much cheaper because it’s made from seeds that are often considered “trash” after their fibrous parts have been removed.
- The filtering process
During the extraction phase, hemp oil is either filtered or centrifuged. Filtering is a prevalent method used to remove contaminants like plant material and other impurities. Centrifugal extractions involve spinning an object at high speeds until its components separate—in this case, it’s separating cannabinoids from seed extracts after separation by gravity (like when you let the water settle in a glass).
The above are just some factors affecting how much your batch of hemp oil will cost you. The most important thing for retailers looking to sell these products is choosing reputable suppliers who can ensure their customers they’re getting something pure and, above all else, safe for consumption.