San Francisco-based tech company Eaze launched a new online marketplace, Eaze Wellness, to ship hemp-derived CBD products to 41 states across the U.S. and the District of Columbia. CBD sales more than doubled among the company’s customers last year, Sheena Shiravi, Eaze’s director of consumer communications, told Fortune, highlighting a key business opportunity. This marks the company’s […]
Aqua, Allantoin, Aloe Barbadensis (Aloe Vera) Leaf, Glycerin, Xanthan Gum, Cetearyl Glucoside, Glyceryl Stearate SE, Cetyl Alcohol, Simmondsia Chinensis (Jojoba) Oil, Polea Europea (Olive) Fruit Oil, Caprylic Capric Triglyceride, Cannabis Sativa (Hemp Seed Oil), Theobroma Cacao (Cocoa) Seed Butter, Butyrospermum Parkii, Stearyl Alcohol, Sodium Hyaluronate, Camellia Sinensis (Green Tea) Leaf Extract, Gluconolactone, Sodium Benzoate, Calcium Gluconate, Pyrus Malus (Apple) Fruit Extract, Phytocelltec Malus Domestica
Perhaps in the future when laws allow for full marijuana use, or at least full medical marijuana use in all areas, this company would be one to return to and have another look at. However, with the present state of affairs regarding the use and possession of marijuana as well as marijuana products like CBD oils, I can’t recommend joining any program that promotes the sale of these products.
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The $600 million-plus hemp industry is poised for massive growth across the U.S. as more states legalize cultivation of the plant, promising to create scores of new business opportunities and jobs in the coming years. The market for hemp-based CBD products in particular is booming, which has helped bring established medical marijuana companies into the fold.
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Hemp, a non-intoxicating form of the plant Cannabis sativa (L.), was outlawed in the U.S. in 1937 when Congress passed the Marihuana Tax Act. Although most states have legalized hemp in some form since, the federal prohibition meant interstate commerce involving the plant and its derivative products remained illegal. Jenelle Kim, co-founder and lead formulator of hemp product manufacturer JBK Wellness Labs, said the prohibition overshadowed thousands of years of hemp usage in human culture. [Interested in starting a business in the cannabis or hemp industry? Check out our guide to the emerging opportunities in that field.]
While more research is being conducted on the medical benefits of CBD and CBD oil, the bottom line is that there isn’t a lot of information available yet. Yes, CBD has helped many people, but just like many other nutritional supplements, there currently isn’t enough information for people to be able to determine if it’s effective.Unlike other nutritional supplements however, CBD if often discussed in the media. It’s become a popular and controversial topic that almost everyone has heard about. For people signing up to HempWorx, this means that potential customers are far more educated on the topic of CBD and could perhaps be leerier of even hearing you out before you have an opportunity to talk to them about its potential benefits.Many people also base their opinions of medical marijuana on their political affiliation and years of bad publicity on the plant. With all these issues taken into consideration, selling the products alone could be challenging without trying to sell the MLM opportunity on top of the products.
As a result, customers can now be confident that most companies out there are pretty legitimate in terms of the overall safety of their products. However, you should still keep your eyes peeled and do as much research as possible, as a lot of brands are still selling non-therapeutic hemp seed oils as “CBD oils,” when in fact they contain very little of the active compound at all.