Yes. All our hemp crops are grown free of chemical fertilizers, herbicides, and pesticides, so our quality starts with our hemp plants. From the time our hemp oil is harvested to the manufacturing and shipping of our products, we test our hemp oil multiple times to ensure accuracy in potency information and to check for contaminants like pesticides, herbicides, heavy metals, and mold, as well as cannabinoid content. We also use a subcritical CO2 method when we extract our hemp oil, instead of harsh solvents. CO2 is a much healthier choice than other potential solvents and is "generally regarded as safe" (GRAS) by the FDA.
A long-awaited legal challenge targeting federal drug authorities who call CBD a controlled substance will be heard in a federal appeals court in February. The Hemp Industries Association and hemp businesses are suing the U.S. Drug Enforcement Administration over a 2016 rule that cannabidiol is a controlled substance similar to marijuana. Arguments before the 9th Circuit […]
First off they charge to be an affiliate, there are enough CBD companies out there that don’t. They lie to you when you’re not paid on time making it seem like your fault, tell you to wait until next payday and then don’t pay you again, they actually e pert you to wait yet another week to get paid for three weeks earlier. They treat you like you’re an idiot and then lie to your face and laugh. They get pleasure from abusing the affiliates, make money off the backs of the struggeling all the while pressuring to buy more, more, MORE! Why throw good money after bad? You shouldn’t have to but that is exactly what they tell you you have to do in order to get paid. Think about this, you’re expected to go into online groups with a bunch of other people selling the same products, how is that helping you make money? It’s not. What these groups are designed to do is indoctrinate you into thinking the way they want you to think. You are the donkey and ‘helping you be successful’ is how they dangle the carrot. Does anyone really believe Josh and Jenna (her maiden name is Kahan, pun intended) make $10,000 a day? There’s videos on the internet where she claims just that. You would think with a daily income like that, they’d own the house they live in but they don’t, it’s a rental for $3,000 per month. For individuals claiming to make $10,000 a day why are they renting a home for 1/3 of Jenna’s daily income? Surely they can afford something more luxurious. The truth be told, it’s all smoke and mirrors and eventually the dominos will start to fall. I predict trouble ahead. Josh and Jenna are the modern day version of a snake oil peddler.
Some CBD products also describe themselves as including or coming from “hemp oil.” In some cases, manufacturers use that term to mean CBD oil, which is oil rich in CBD made mainly from the leaves, resin, or flowering tops of hemp plants. But “hemp oil” more often, and more properly, refers to oil made from the seeds of the plant, and contains only very small amounts of CBD, says Lanier at the Hemp Industries Association. That oil is often included in hemp-based soaps, cosmetics, and similar products.
And then there’s the quality. JD Farms’ oil tastes fresher than other hemp oils because it’s produced in the U.S. The majority of hemp oil and seeds sold in America comes from plants grown in Canada. (According to the Toronto Star, in the first quarter of 2015, Canada exported $34 million worth of hemp seeds and oil.) Before hemp enters the U.S. it must be sterilized. (If it’s not, it counts as a Schedule I drug, along with substances such as heroin and ecstasy.) When it’s heated, hemp loses its pungent freshness and nuttiness. “It’s such an oily seed, heat speeds up the rancidity,” Justh says. “Plus, it’s just sitting around in vats. It’s got nothing in common with a product that is fresh from the field.”
The final concern to address - was the market high growth with not much competition or was it slow growth with a lot of competition or somewhere in between? This was easy and compelling to determine. One look at Google trends showed the clear demand for these products seen in graph below. Another credible source, Forbes, predicts growth of the cannabis industry to be over 700% by 2020 - in fact, no other industry is growing faster. I also looked at the competition and compared the quality of products, their pricing, marketing, etc. and found that HempWorx was a clear leader. But what about competition - was it saturated or was their room to get in and make it work? Using a variety of metric tools, I figured out that it was definitely still quite early to be venturing into this market and the opportunity for growth without a lot of competition will be available for quite some time.
Legalization removes these barriers and is expected to provide a boost to the U.S. hemp industry, which was previously on track to grow to a $2 billion market by 2022 prior to the Farm Bill's passage. According to the Brightfield Group, though, legalization would result in a $22 billion hemp-derived CBD market by 2022, which excludes the many other types of hemp-derived products on the market. To put that in perspective, the entire domestic cannabis industry (which includes not just hemp, but also cannabis and all its derivative products) was projected to stimulate $23.4 billion in consumer spending by 2022. That means if the Brightfield Group's estimates are accurate, hemp-derived CBD alone could double the projected market value of the entire cannabis industry.
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Senator Majority Leader Mitch McConnell’s bill to legalize hemp continues to build momentum, attracting additional co-sponsors from both sides of the aisle after being fast-tracked to the Senate floor. The latest twist: The Republican from Kentucky now plans to attach the language of his legislation to the 2018 Farm Bill, which might improve the measure’s […]
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