TINA.org reached out to the Zwagils, the company’s founders, for comment. Erin McGinnis, HempWorx’s director of compliance, responded with a statement indicating the company is in the process of reviewing every item in the above article and every entry in the health and income claims databases TINA.org compiled. As of 9/6/18, HempWorx had removed 83 of more than 100 health claims and 35 of more than 50 income claims. In addition, McGinnis said HempWorx has suspended several distributors and terminated one in response to TINA.org’s findings.
Unlike some producers of CBD, Fuentes and Barroso never intended to grow their own hemp, which was outlawed in Florida when they began anyway. At the time, Barroso says, it was almost impossible to buy an oil containing only minimal amounts of THC. It's easier now, but supply can still be tricky: "We can't always get 10 55-gallon drums of oil," he says. Green Roads products use a blend of four to five different cannabinoids, using both oils and isolates (concentrated CBD extract in the form of a powder), designed by Fuentes.
That $100 million could soon be going back to American farmers and businesses, thanks to the recent introduction of the Hemp Farming Act of 2018 by Senate Majority Leader Mitch McConnell (R-KY). The bill, announced by McConnell and supported by a bipartisan group of senators, would “legalize hemp as an agricultural commodity and remove it from the list of controlled substances.”
Not only did prohibition mean hemp companies were legally unable to engage in interstate commerce, it also meant access to critical business services was often restricted. This includes banking, for example, because many banks harbored concerns about doing business with a company that remained federally illegal. Not only would that require more compliance work, risk management and due diligence on the part of the bank, it also would put banks at risk for money laundering charges and loss of FDIC status if the federal government enforced the laws on the books.
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