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.
There are plenty of promoters for HempWorx around on social media, and the reviews are generally quite positive. However, it’s best to look elsewhere for HempWorx reviews than directly on the website. The second review there comes from Jenna Zwagil, who writes “This CBD Oil is a Life Saver.” However, Ms Zwagil is married to the co-founder of My Daily Choice, a notorious (to say the least) company with whom HempWorx are aligned. This brings the credibility of the other reviews into question.
Once you are into your back office, you will see it is branded as MyDailyChoice. MyDailyChoice is the affiliate arm of the HempWorx business and is a leader in affiliate programs for health products. HempWorx and MyDailyChoice have partnered to provide the top CBD products business opportunity for quality products, highest paying compensation plan, and proven marketing systems including your own websites.
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.
So the CBD arrived. Josh and I took it for a couple of days Just to make sure we didn't feel funny or get sick and both of us had never felt better in our lives. So we gave it to our daughter, 5 drops of the peppermint flavor under her tongue in the morning. It has been a month now and she is passing. 20% graded papers have turned into 105% graded papers. She loves to read and tell me all about the story. Her focus and attention have returned. She is not crying when it‘s time to do homework!
Josh Zwagil appears to cross both these lines when he claims in an “opportunity” video that those “looking to go all in and build a full-time income” can do so with his MLM, without disclosing what the company’s Policies and Procedures make abundantly clear — which is that most distributors spend more on products than they earn in the compensation plan (See next section). Top HempWorx distributor Judy Stallings, who has been introduced at conventions as the “first-ever 250K affiliate,” has also used inappropriate income claims to bring people into the MLM, writing on her Facebook page last December:
As a preferred customer (free to join) you will get access to preferred pricing with a chance to get free products for referrals (no affiliate necessary). HempWorx 750 price comes in at $89. HempWorx 500 price comes in at $69. While HempWorx 250 price and CBD Dog Treats comes in at $39 each or $69 for a bundle pack. Each of the creams are the similarly priced. The HempWorx Renew is $69, HempWorx Revive Price is $69, and HempWorx Relief Price is $69. Other products offered at MDC include Brain spray nutrition, Sleep Spray nutrition, and more! If you have questions about how to buy, simply click here and select Contact Us on the top right.
Regarding health claims, the contract states: “Under no circumstances may [a distributor] prescribe any Product as suitable for a particular ailment. No claims may be made as to therapeutic or curative properties of any Product offered by the Company.” As for income claims, the contract says distributors are “prohibited from making false, misleading, or unrepresentative claims regarding earning potential.” It adds that, when an income claim reflects actual earnings, the claim must be accompanied by “the Company’s current Annual Average Income Disclosure, posted on the Company’s website.” But as of the date of publication, it was not posted there.
"[Legalization] is paving the way for a massive expansion to both the agricultural industries and a spectrum of industries in America," Beckerman said. "[It opens] ancillary service providers from every industry like banking, insurance, finance, merchant processing and packaging labeling distribution. And we're talking about improving products by blending in the superior properties of hemp."
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.
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