For one, I live in a state where marijuana is not yet legal, so I was forced to buy it off the street (from friends most of the time), and buying it like that, you never really know what you are getting. You don’t know if you are getting an Indica or Sativa, what strain of plant you are smoking (White Widow, Sour Diesel, etc…), and you still pay an arm and a leg for small bags of it. Not to mention constantly being in fear that I might be pulled over with it on me and end up going to jail for possessing a plant (Ridiculous)!
In addition to THC, Meyer and consumers also need to worry about whether CBD products have contaminants. That’s because cannabis plants readily absorb heavy metals, pesticides, and other potentially harmful chemicals that may be in the soil or water, says Kyle Boyar, a cannabis scientist at Medicinal Genomics, a company that develops tests that help labs comply with state rules. To protect against that risk, cannabis plants should be tested frequently while they are growing, and finished products should be tested, using validated methods, too, Boyar says.
Online business opportunities come and go every day with the most popular ones following trends in society. One example of this, is a company that has recently come into light called HempWorx. Is HempWorx a legitimate company to do business with, can you really make money with their products and services or is this one that you should be avoiding for better opportunities?
CBD is one of over 60 compounds found in cannabis that belong to a class of ingredients called cannabinoids. Until recently, THC (tetrahydrocannabinol) was getting most of the attention because it’s the ingredient in cannabis that produces mind-altering effects in users, but CBD is also present in high concentrations — and the medical world is realizing that its list of medical benefits continues to grow.
****Please read****I enjoy some of the benefits I am receiving from there 750 bottle. I do not smoke marijuana or anything like it. I have tested myself twice with two different brands of test kits and have showed positive for THC each time. so please be aware if your drug tested you will show positive. bBut to me right now with my fibromyalgia it is worth it as long as it help's.
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.
I also needed to know about the HempWorx management and marketing presentation - were they quality people with a quality message or were they cheesy and sleazy? I was surprised to find out that the Founders of HempWorx are a young couple, Jenna and Josh Zwagil (photo right). The company was born out of Jenn’s and her son’s medical needs after trying a CBD Oil product. After watching many videos and talking to other affiliates, I learned that Jenn and Josh are pretty straightforward, no B.S. people who care about making a difference in people’s health and wealth. The way they present the product is the same - nothing flashy or sleazy - just straight facts about the products and industry with a quality hands on approach.
To date the FDA has only approved one drug containing CBD and that was only after it was shown to meet rigorous scientific standards. Last November, the FDA shipped warning letters to four CBD companies for making unproven health claims. Last summer, Josh Zwagil warned distributors to avoid using words like “cures,” “prevents,” and “treats” in the marketing of HempWorx products because regulators like the FDA are keeping close watch, the Canadian Broadcasting Company reported. Clearly, that message was not received by all distributors. (See more on the legal issue in the last section of this article.)
Dispensaries may sell a variety of “CBD-rich” products that are high in CBD and relatively low in THC, including oils, tinctures, topicals, and vaping liquids. They may even sell buds or flower from marijuana strains that have been bred to have very low levels of THC, says Michael Backes, author of "Cannabis Pharmacy: The Practical Guide to Medical Marijuana" (Black Dog & Leventhal, 2014). For example, the strain “AC/DC” can be just 0.5 percent THC, barely above the cutoff allowed for CBD from hemp and much lower than the 20 percent or higher THC concentration typical of most marijuana strains, Backes says.
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.
1. Is Hempworx a scam? No. CBD oil scams do exist whereby consumers are deceived and grossly overcharged for a poor quality product. Hempworx is a real product of reasonably good quality that is sold to customers that willingly purchase it. Hempworx does sell its products through multi-level marketing (MLM). This is the same sales strategy used by companies like Avon, Doterra, Rodan & Fields, Advocare and a host of others. Each sale is credited to one of their affiliates who receive a commission for the sale. Affiliates are also incented to recruit new affiliates to sell the product. While the MLM business model can be controversial and the authenticity of testimonials from those selling the product can be questioned, that doesn’t make it a scam.
CBD(Cannabidiol) is a cannabis compound that has significant medical benefits, but does not make people feel “high”. The fact that CBD-rich cannabis is non-psychoactive (as opposed to a THC dominant strain) makes it an appealing option for patients looking for relief from inflammation, pain, psychosis, seizures, spasms, and many other conditions without feelings of lethargy or dysphoria. Hemp Worx 750 is CBD dominant oil!
Upscale specialty retailer Barneys New York announced plans to sell CBD-infused products and cannabis accessories in a new “luxury” head shop called The High End, the latest mainstream company to capitalize on the hemp and marijuana industries. The shop will open in March inside the Barneys flagship store in the tony Southern California town of […]
So for CBD products from hemp, check labels to see whether they say where it was grown, and look especially for those from Colorado. Not all products, however, include that information. So in a dispensary or a retail store, ask the staff whether they know where the hemp was grown. And for products purchased online, check the companies' website to see whether it has that information, or contact the seller to ask the same question.
HempWorx CBD is an interesting brand that has no issue with transparency in terms of how they operate as a business, and where they source their raw hemp plant material from. Also, one of the main things that stands out to me as that they’re one of the only companies I know of that offers specific dosing guidelines for a range of serious medical conditions. This is a bit odd, however, as they also make it clear that CBD is not approved by the FDA as a medicine, and thus none of their products are designed to “treat, cure, or prevent” any disease.