And those choices are soon likely to become even more confusing: The CBD market is expected to multiply at least sevenfold by 2021, to $2.15 billion, up from $292 million in 2016, according to the Brightfield Group, a market research firm that specializes in cannabis. Even Coca-Cola says it’s “closely watching” the growing interest in CBD and its potential as an ingredient in some of the company’s beverages.
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.
As far as legalities, our company follows FDA laws. Hempworx is legal in every single state. The CBD is derived from HEMP and not marijuana. CBD derived from marijuana is illegal in almost every state. Hempqorx made 7 Million in the first year and 100 MILLION in 2018 and the company is 100% debt free. It was just named the number one MLM company in the world.
Michele Buckler’s testimony: On Sunday, March 26, 2018 I did a small vendor show in Camden Delaware. My boyfriend, Mark was also there. Thankfully he was there, I was not feeling my greatest (my pain level was about 7 to 7.5 out of 10). I have been diagnosed with chronic pain and inflammation throughout my body. I am always in pain or discomfort and have had to learned to navigate my life with it, some days are better than other, and some cycles are better than others.
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.”
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.