If you’re a CBD enthusiast, then you probably know how costly buying the herb could get. With times getting ever tougher, most people are forced to obtain low-quality CBD from illegal street dealers. Something that we highly discourage against.
Not a lot of folks know this, but there are lots of ways you could save on your next couple of CBD purchases. It doesn’t matter whether you’ll be doing your shopping online or in-store; there are always ways you could spend less on CBD.
In this piece, we’ll highlight some fantastic tips to help you save money when you make your next CBD purchases. So whether you’re buying the CBD for medical or recreational reasons, you won’t have to do so with denting your bank account.
Let’s get straight into it.
What Factors Influence the CBD Market Price?
The CBD market is a continually evolving and ever-changing market. With about 14% of Americans claiming they use CBD, the CBD business seems like a treasure trove.
With CBD now legal in every state, a lot of folks are cashing in on this goldmine. This naturally begs the question, what factors influence the CBD market price?
Here are a couple of factors that engender the CBD price fluctuation:-
- Taxation– Yes, the government also wants to cash in on the CBD market. Taxes can skyrocket initially low CBD prices. Taxes vary from state to state; hence CBD will be somewhat cheaper in some states.
- The black market– Black market operators have a massive impact on the price of CBD. Especially before legalization where the black market was the main conduit for recreational CBD. When legalization set in, black market operators could lower prices at will to retain their former clients.
- The location– Where you buy CBD from will significantly influence its price. First, because of the taxation that varies from state to state. Also, because the demand-supply margins vary from state to state.
- Quality of product– Lower quality strains will sell for much cheaper than the higher quality medical marijuana. That said, don’t skimp out too much when buying your CBD because, ultimately, you’ll get what you pay for.
Incredible Ways to Spend Less on CBD Purchases
Currently, the CBD market price is on the decline because of low demand. However, even with the lower costs, CBD is still quite expensive.
If you’re looking to spend less on CBD for your next purchases, here are a couple of things you could try:-
Politely Request Discounts
Sometimes a good deal is as simple as asking for one. Don’t be shy, ask about those discounts, and spend less on your CBD.
Sometimes because of your social status, you are viable for a discount. Veterans, for example, or first responders, are mostly liable for a good discount. Ask away and see if you can leverage your social standing or current situation for a discount.
Heck, some places can even give you a discount coupon if you can prove that it’s your birthday.
Look Out for Sales
Sales present a win-win situation for both consumer and seller. On the one hand, we the consumers enjoy discounted prices, on-the-other-hand the stores get to sell large numbers of products.
It’s a good idea to subscribe to newsletters of your most preferred CBD company. That way, you can get instant alerts on sales and deals and take advantage of them.
Join Loyalty Programs
Brand loyalty typically correlates to saving money on your CBD purchases. If your preferred brand has a loyalty program, then sign up for it as soon as you can.
Once you sign up, you can accumulate these points and spend less on your next orders. Most CBD companies reward their customers for their continued loyalty and support.
These rewards come in the form of discounts, coupons, or even freebies for some companies. There’s nothing to lose when you sign up for a loyalty program, but there’s a lot to gain.
Look for Product Bundles
These CBD product bundles aren’t as rare as you’d think. These bundles present a way to save on individual CBD products by buying them as a bundle.
CBD companies are looking to move their product as quickly as they can. Remember, the more product they move, the faster the company grows. An easy way to move more product is by selling off their products in bundles.
These bundles are quite the package because you’ll get your CBD oil, capsules, lotions, and vapes in a single pack. You’ll find that buying all these individually is way more expensive than just buying a single bundle.
Use Only as Much CBD as You Need
It’s easy, especially for first time CBD users, to use CBD inefficiently. Understandably so, it’s difficult, especially for first-time users to know how much CBD they actually need.
To help you find out how much is the right amount, first define your goal for taking the CBD. With a clear goal in mind, you can proceed to find the minimum effective dosage. This term denotes the smallest amount of CBD you require to have the desired effect on your body.
You might find recommendations on how much to use on some company’s website. However, it’s always a good idea to work yourself up from lower dosages, but not too low until it has no effect on your body.
Join an Affiliate Programs
Plenty of CBD brands have gratifying affiliate programs. Being an affiliate is especially advantageous if you have a blog or an established social media following.
Becoming an affiliate means working with the CBD company to promote it through your social media or other channels. You can either make money through being an affiliate, and you can also get discounts for your affiliate position with the company.
You Don’t Have to Break the Bank for Quality CBD
Hopefully, you now know ways you can spend less on CBD without compromising the quality of your product. Always remember you can try to form a mutually beneficial relationship with your preferred brands to save even more.
Lastly, always purchase your CBD from authorized CBD distributors. It’s no use spending less on poor quality CBD from illegal distributors that may be detrimental to your health.
For more enticing pieces on how to improve our health and well-being and what products to use, be sure to check out our blog.