After the holidays and winter vacations, it can be a tough time as the credit card and bank statements roll in. We are faced with big bills to pay, it can be very overwhelming for us. We shouldn’t have to be concerned about expenses when it comes to improving our health. Unfortunately, it can be very costly when using CBD as part of our daily routine. Check out below, 7 tips on saving money with CBD.
7 Tips on Saving Money with CBD
1. Buy in Bulk
It is always good to buy in bulk, that is why Costco is so successful. The shelf life of products are usually just over a year, depending on the ingredients used. Many businesses offer 2 for 1 or buy 3 Get 2 free deal. Essentially the more you buy, the better the discounts for you in the long run.
2. Sign up for Email Lists
When you find the best CBD brand you like by doing your research on the quality of the products. It is a good idea to sign up to their email list so you can get the latest information, discounts and coupons sent directly to your inbox.
Often brands will have promotions running that aren’t displayed elsewhere, if you follow their Instagram or Facebook page you may be able to get a coupon or partake in a giveaway and get free products. What is better than free stuff?
4. Got health insurance check with your provider?
If you are prescribed CBD or cannabis with high CBD ratio from a medical doctor, chances are you may be eligible to claim the costs. Every health insurance plan is different but you may want to check with your plan to see if you are covered.
5. Can you Claim CBD on your tax return?
As mentioned prior, if you’re prescribed CBD from a medical doctor you may be able to claim these expenses you incurred, however, generally it would be cannabis, not hemp CBD since the doctor has written a script. Hemp CBD is now considered to be federally legal as of December 20, 2018, when the 2018 Farm Bill was signed into law, therefore the IRS does not consider Hemp to be a part of a controlled substance. However, there is no certain answer that you may be able to claim CBD as a tax deduction, it would be advisable to consult with a tax expert for clarification.
6. Grow your Own CBD
7. Check with a Compassionate Care Program
Sometimes it always publically advertised if there is a compassionate pricing program available, most respectable brands understand that it is expensive to purchase CBD and want to remain competitive with the market and take the financial burden off of people. It is always good to ask, it doesn’t hurt to send an email and inquire, you might get lucky.
Of course, you should always do your research prior to ensure you are getting a safe, good quality product from a reputable source. There are certain things to look for when buying CBD.