No it isn’t. In Pyramid schemes you have to pay commissions to people for bringing in new recruits. Typically the new recruits have to pay an upfront fee. It supplements those higher in the pyramid. A product doesn’t even exist in many cases. Until they can no longer get enough new recruits to fund the operation the scheme continues. The company has a genuine product that is being sold. You will be charged a small fee of $20 to be an affiliate. However, the focus is on making real sales and is not a pyramid scheme.
Thank you for writing this review on Hempworx. I have not heard of them before. Like you said Hemp/ Cannabis and related products are illegal in many parts of the world, where I live is one of them. MLM’s are also a grey area in my part of the world as well. I can see how this product would be appealing to some parts of the community, but hard to run a business if you are so restricted around where you can ship products to. It sounds like a local marketing specific product, subject to Government approval. Thanks for making me aware of it.
Worx is a complete scam. It is a peer amid multi-level marketing. You have to pay $20 to become a member to buy their product. I have used numerous different CBD products. And I found there is to be pretty much useless. All of the reps will claim that it contains no THC, which is not true, it contains 0.3%. All the reps push so hard just like all the other peer amid scheme’s out there they’re like little robots programmed for sales. Their prices are double than anyone out there. Not impressed at all.
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.
Even worse, because CBD and related CBD products are considered a gray area in many US States, if marijuana is still illegal in your area, you could potentially lose your home, children and any other property associated with running that business. You could even potentially face jail time just like you could with marijuana if authorities wanted to really be technical about it.
It is important that CBD is actually dry during processing and added to hemp oil as a natural carrier. This process allows us to maintain the FDA and legal standard guidelines. Our competitors typically will use coconut oil, palm oil or a non-relative carrier for dried CBD. Do not be confused by the carrier of hemp oil. Other competitors disregard the legal standard and you get unregulated, high amounts of THC in your product. With Hemp Worx you get the benefits of CBD without the downside of THC and remain compliant. All of our CBD is grown in Kentucky and tested in an FDA approved facility
Generally, CBD oil is made by combining an extract with a carrier fluid or oil. This question is best answered by looking at how the CBD oil was extracted. CBD oil can be extracted using CO2 systems or by using chemical solvents. Both methods produce a CBD oil byproduct that is then combined with a fluid like MCT oil, coconut oil, or olive oil so that it can be delivered to the body. Always check to make sure you know the CBD content of the products you purchase.
In terms of price, Hempworx is actually a tad bit cheaper than the majority of the leading CBD oil brands in the U.S. As we went over in the Hempworx product reviews, their 500 mg (15 mL) oil sells for $69, which is just a hair less than our favorite brands (we won’t mention any names in particular for fear of turning this into a “brand pitch,” but you can check out this article if you want to know which brand specifically we’re talking about).