HempWorx CBD products are made with Certified Organic Hemp grown in Kentucky and are 100% free of any synthetic or artificial ingredients. We have 80% purity levels whereas our competitors have 15-40%. Everything is tested in an FDA Approved facility and our products contain less than .03% THC. We also carry a THC Free CBD Oil for those who have to pass a drug test for their job. Our farms are 100% compliant and our products meet the Federal Legal Limit.
One state, Indiana, has made it easier for consumers to find these COAs. Since July, all hemp-derived CBD products sold in stores in Indiana must include a QR code on their label that lets consumers download a product’s COA to their phone. All CBD products sold at Indiana locations of Fresh Thyme Farmers Market, a Midwest regional chain, now carry those codes, says Jonathan Lawrence, director of vitamins and body care at the chain. “It’s important for any consumer to know what’s in their product and what they’re taking,” Lawrence says.
The Hemp Industries Association (HIA) reported total U.S. retail sales of hemp products of nearly $700 million in 2016. HIA claims that U.S. hemp retail sales have grown by about 10% to more than 20% annually since 2011. Mostly, this growth is attributable to sales of hemp-based care products, supplements, and foods. Together, these categories accounted for more than two-thirds of the value of U.S. retail sales in 2016.
After looking at everything this company has to offer and comparing it to some of the many other online business opportunities that currently exist, I personally can’t recommend taking the risk of jumping in with this company at the present. There are far too many opportunities on the Internet to make money and run a successful online business to risk one that is potentially still a legal gray area.
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)!
And now that the updated U.S. Farm Bill has been passed which more or less legalizes hemp, we can expect to start seeing more and more very high quality CBD oils hit the American market in the coming years. HempWorx has been around for awhile, and they’re simply doing what they can from a business perspective in order to gain a foothold in the industry. In our mind, this should not take away at all from the quality of their products.
With the federal government's full legalization of hemp, a previously marginalized industry is opening for free interstate commerce. What does that mean for entrepreneurs looking to get into the space, as well as those who could benefit from a wider availability of hemp-derived products? Here's a brief look at hemp's history in the U.S., as well as what its newly legalized status means for small businesses.
We offer Hemp Cultivation, Hemp Nursery, CBD Products Manufacturing, Hemp Cultivation + CBD Extraction Lab, CBD Products Retail, Hemp Cultivation + CBD Extraction Lab + CBD Products Manufacturing, and Hemp/CBD Vertically Integrated Business Plan Templates, that include a fully-functioning financial model for Excel and other spreadsheet programs and “70% ready to go” Word business plan template. The model uses a mix of assumptions to estimate production, all revenue and cost line-items monthly over a flexible seven year period, and then sums the monthly results into years for an easy view into the various time periods.
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.