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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.
First, as I mentioned above, CBD products are technically still illegal in many areas, or they at least require a prescription for you to be able to possess them. Sadly, many people believe that it is legal to possess CBD products anywhere because they are made from hemp and contain little to no THC. Not only that, but HempWorx claims that it’s 100% legal to own these products anywhere. What they may not tell you however, is that just recently they stopped selling their products to people living in Canada. As this news article confirms, HempWorx claimed that it was 100% legal to use and possess their products in Canada, but after a government investigation, they quickly stopped selling their products to Canadians.
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.
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.
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.
If you do not live inside the United States wait until the company is actually shipping products to your country. Sometimes, new Hempworx Distributors tell me they joined and waiting for the products to be available in their country. It’s now 2019, and no other countries have been opened. Wait until the products are available in your country. After that, you can become a Hempworx Distributor.
5. Is it true that Hempworx CBD oil doesn’t contain fillers? No. This is a favorite claim of Hempworx sellers. They often try to steer people away from other brands that they save have “fillers.” The truth is that Hempworx has a carrier oil just like other CBD oil tinctures. Hempworx happens to use hemp seed oil as its carrier oil. Other brands use a variety of carrier oils, most commonly either hemp seed oil, coconut oil or MCT oil. The claim that using hemp seed oil as the carrier oil makes the product more “pure” is bogus.
HempWorx has created the World’s PUREST form of CBD Oil products. 100% completely safe and effective to use, with no known side affects. HempWorx is the go-to product, trusted by practitoners and health professionals around the globe. Additionally, Hemp Worx uses the purest, and most potent, ingredients backed by loads of clinical data testing and analysis. All certifications are posted for public viewing.
Hemp products sold in stores are most often made with hemp seed oil, which can contain only trace amounts of CBD. While it has been noted that hemp seed oil can be a great source of nutrition, its marginal quantity of CBD per weight makes it unfeasible as a CBD supplement. Our Full Spectrum Hemp Oil, however, is extracted from the stalk of specifically selected hemp cultivars, offering higher percentages of CBD by weight and additional nutritional benefits from the contents of our oil.
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This is hemp oil which contains a full range of phytocannabinoids, including nearly 160 percent CBD content. This became a point of confusion when we first examined the label but we have concluded the product likely does have the professed CBD content. CBD and phytocannabinoid is used interchangeably because most of the phytocannabinoid is CBD with the other cannabinoids not comprising half a milligram for every 10 mg of CBD.
Overall, based on my personal HempWorx CBD oil review I would probably recommend HempWorx for people who have been (or plan on) using CBD as a routine daily treatment. Their 750 CBD oil was pretty effective for may anxiety and panic attacks, and it definitely helped me get to sleep in the evenings where I was having more intense episodes than normal.