On the other hand, take extra care with products that list only the amount of total “cannabinoids” they contain, not specifically how much CBD is in them. Those cannabinoids could include not just CBD and THC but dozens of other related compounds. Companies may take that labeling approach because they hope it will attract less scrutiny from the Food and Drug Administration, Lee says.
While distributors talk about getting out of debt and achieving “financial freedom” with HempWorx/My Daily Choice, the companies’ shared 21-page Policies and Procedures says it’s “very possible” you will not make any money at all as a distributor. In fact, it states that most distributors “earn less money each month in the compensation plan than they are paying for their products.” To put that more bluntly, most distributors lose money.
On the third bottle, I came across a newspaper article that said CBD was illegal in the state of New Jersey without a valid prescription. I tried to tell the "reps" that and again with their rhetoric that is WAS legal and the newspaper was wrong. I did some research on my own and found out it is truly illegal in New Jersey without a valid prescription. The only way these charlatans get away with it, is that they break federal law and mail this stuff state to state without detection. Although there have been instances of the oil being discovered at the Post Office and confiscated. Also, people who have had this stuff on their person, have been arrested. Again the "reps" Tara and Paul swear up and down it's legal. This is a lie to part you from your money.
1) Startup Costs - Most of cannabis business opportunities require a ton of start up money. For example, opening a retail dispensary requires $250k+ minimum and many I see are well over $1M. Even if you do have that kind of cash to invest in a cannabis business, you just upped your RISK exponentially because you also have a ton of ongoing operational costs as well - commercial rent, inventory, staff, regulatory requirements and a never-ending list of EXPENSES.
Hemp oil is quickly becoming a commonly used ingredient in many cosmetics such as body lotions, soaps and shampoos. Even modest daily usage of hemp oil, whether it is ingested or applied to the skin, has been shown to lead to improvements in skin quality, stronger fingernails and even thicker hair. Hemp oil that is full of cannabidiol (CBD), a cannabinoid with neuroprotectant, antioxidant and other therapeutic qualities, generated $130 million in sales in 2016 and is projected to reach $350 million by 2020.
Hempworx probably has some utility as a multi-level marketing tool. If we believe the lab reports, the CBD oil may be a good product. It has at least 10 mg of CBD per dropper, and less than 1 mg of other cannabinoids. Even the coffee tells you exactly how much CBD is in it and it is a therapeutic amount. So, they get a good grade for this. This is a good mix of cannabinoids. However, it comes at the expense of an affiliate program so the price is significantly marked up.
There was another reason hemp appealed to the pair: its potential to be the next runaway hit food product, the next kale. “Mark and I both live pretty healthy, active lifestyles,” remarks Dolgin. “We both knew that hemp was on its way to becoming a superfood, in that category of flax and chia seeds. We saw a sustainable long-term play in that market.” Hemp flour products are high in protein (only soybeans have more), and hemp contains 20 amino acids, including nine that the body doesn’t produce. Among its reputed health benefits: immune-system booster, weight suppressant (because it’s high in fiber), and an ability to lower blood pressure and cholesterol. It’s popular with vegetarians because it’s high in the fatty acids omega-3—found in good-for-you fish like salmon—and omega-6.
Although the HempWorx ‘About Us’ page is filled with excellent information on the history of CBD, there is unfortunately little data about the actual organization itself. We did learn, however, that they use “special” supercritical technology that extracts over 400 phytonutrients from the raw hemp material, and that they don’t use any harmful solvents or heat, which is of course a good thing.