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.
We offer Hemp Cultivation, Hemp Nursery, CBD Products Manufacturing, Hemp Cultivation + CBD Extraction Lab, CBD Products Retail, Hemp Cultivation + CBD Extraction Lab + CBD Products Manufacturing, and Hemp/CBD Vertically Integrated Business Plan Templates, that include a fully-functioning financial model for Excel and other spreadsheet programs and “70% ready to go” Word business plan template. The model uses a mix of assumptions to estimate production, all revenue and cost line-items monthly over a flexible seven year period, and then sums the monthly results into years for an easy view into the various time periods.
But why is hemp illegal in the first place? After all, America was built on hemp, an industrial crop which contains tiny amounts of THC, the chemical compound in cannabis that produces psychoactive effects. Several Founding Fathers grew hemp. Cultivation of hemp was mandated by law in the Massachusetts, Virginia and Connecticut colonies. Beginning in 1631, hemp was legal tender for paying taxes in many of the American colonies and remained so for state taxes until the early 1800s.
Look for products that show how much CBD (or cannabidiol, its full name) you get not just in the whole bottle but in each dose, says Lee, from Project CBD. Dosages, which are expressed in milligrams, or mgs, vary considerably depending on the form of the product, and experts often suggest starting with products that have relatively low doses. For example, with tinctures, consider a product that has just 10 mg per dose, says Mitch Earleywine, Ph.D., a professor of psychology at the University at Albany, State University of New York. (Read more about the safe use of CBD.)
If you enrolled 10 people at the executive package, you would earn $100 times 10 — $100 times 10 is $1,000. If those 10 people all went out and brought two people in at executive, that’s 20 new people — 20 people times $20 is $400. If those 20 people went out and recruited new people and these people went out and recruited more people, as you can see the jump start bonuses add up very quickly.
Hempworx boasts in this YouTube video that they pay huge commissions (up to 85% of revenue) to their affiliates. That means that up to 85% of the price that people pay is being paid in commissions to the selling affiliate and their “upline” network of other Hempworx affiliates. The video also promises the potential for affiliates to earn iPads, flatscreen TVs, luxury vacations, cruises, diamond watches, $100,000 cash bonuses and even new cars.
MyDailyChoice provides revolutionary online marketing systems and state-of-the-art success tools to give our Affiliates every opportunity to succeed in the business. We recognize the hard work of our Affiliates in this business and reward those efforts by paying a generous 85% of the total Business Volume (BV) through our unique Affiliate Rewards Program.
The legalization of hemp does more than simply create a new industry, and thus new business ideas and opportunities for entrepreneurs. Hemp is an extremely diverse crop with a wide range of applications, including in textiles, nutrition and biofuels, to name a few. The wider availability of these products could provide small businesses with more cost-effective or durable inputs.
In the medical cannabis community, CBD is the one that is frequently talk about as it is the chemical that is most often associated with providing medical relief for various symptoms of diseases. It’s been proven to be especially effective for illnesses related to the brain and immune system. Because of this, CBD has been gaining more and more popularity as more people are exposed to the possible benefits that medical cannabis may have.
The man at the bottom always makes far less than the man at the top. The cool thing about MLM companies that carry products that work, and pay up to 85% like Hempworx, is the products sell themselves and I can climb to the top way faster than any other company like Target. McDonalds, Starbucks, Etc…..your business is only as great as the work or effort you put into it.
HempWorx com assumes no responsibility for the improper use of and self-diagnosis and/or treatment using these products. Our products should not be confused with prescription medicine and they should not be used as a substitute for medically supervised therapy. If you suspect you suffer from clinical deficiencies, consult a licensed, qualified medical doctor. You must be at least 18 years old to visit our website and make product purchases.
Hempworx products are made from Hemp, the non-THC cousin of marijuana. The reason I have always purchased my CBD oil from Hempworx is that they are the only manufacturer I know of that uses certified, organic, non GMO, hemp, grown by FDA compliant hemp farmers in Colorado and Kentucky. That’s a big deal. There are not many FDA compliant farms growing hemp. Hempworx products are also grown as part of the Hemp Pilot Program that helps farmers that have converted to growing cannabis.
This day-long session will provide insight on where the hemp and hemp-based CBD industries stand today, where they are going, what types of business opportunities will emerge and how to tap into this growth. You’ll get an overview of the current legal and regulatory landscape, hear about the latest on the research and science front and learn about investment possibilities.
To summarize, we would say that HempWorx CBD oils are pretty standard in terms of effectiveness, and perhaps even a good value in terms of price compared to some of the more popular brands in the US. While they’re probably not the best we’ve ever had, they’re by no means the worst either. And of course, the company offers fast, reliable shipping to all 50 U.S. states.