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.

Fuentes and Barosso soon became business partners and the co-founders of Green Roads. Barroso went door-to-door to smoke shops, leaving bottles of CBD oil on consignment. "In the beginning, no one would give us the time of day," Fuentes says. Then she started hearing that grandmothers were going into vape shops to find CBD. "I was like, we have to do something about this," she says. "Grandmas are not comfortable in vape stores!" 


With about 6 percent of the market, Davie, Florida-based Green Roads is the largest private company specializing in hemp-derived CBD, according to Brightfield. The company sells CBD-infused products such as tinctures and balms, online and in 6,000 stores and 2,000 doctors' offices. Green Roads now has about 100 employees, and co-founder Arby Barroso estimates 2018 revenue at $45 million. 
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.
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.

Making health claims, even just the ability to treat relatively minor problems like migraines, is legal only for prescription drugs, which undergo extensive testing for effectiveness and safety. And the more dramatic the claim, such as the ability to cure cancer or heart disease, the more skeptical you should be. Since 2015, the FDA has cracked down on dozens of companies selling CBD products online for making unallowed health claims.
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Fuentes and Barosso soon became business partners and the co-founders of Green Roads. Barroso went door-to-door to smoke shops, leaving bottles of CBD oil on consignment. "In the beginning, no one would give us the time of day," Fuentes says. Then she started hearing that grandmothers were going into vape shops to find CBD. "I was like, we have to do something about this," she says. "Grandmas are not comfortable in vape stores!" 
Cannabidiol (CBD) is just one of over 85 cannabinoids that is identified in the cannabis plant. CBD is becoming increasingly popular amongst the masses for having a wide scope of medicinal benefits – due to clinical reports and mounds of test data showing little to no side effects and a lack of psychoactivity (typically associated with marijuana products and high THC).
Our refreshing and minty blend is easy to swallow and gentile on your stomach with no foul or earthy aftertaste. Simply place the precision dropper under your tongue and squeeze, (approximately 20 drops) and allow 30 seconds before swallowing. You can even apply a drop or two to your skin & feel the moisturizing difference. Or, place a few drops to your favorite beverages & savor the fresh yet mild minty taste. Our hemp extract tincture comes in a variety of flavors and strengths for our customers own and different needs. Each tincture consists of high-quality hemp extract. This product is gluten-free, non-GMO, vegan friendly and organic. Extracted only from proprietary CO2 (supercritical) extraction process of maximum absorbency and effect.
Product & FDA Disclaimer : We do not make any health claims about our CBD products at MyDailyChoice, Inc. Before taking our products, it’s wise to check with your physician or medical doctor. It is especially important for people who are: pregnant, chronically ill, elderly, under 18, taking prescription or over the counter medicines. None of the information on our website is intended to be an enticement to purchase and may not be construed as medical advice or instruction. These statements have not been evaluated by the Food and Drug Administration. These products are not intended to diagnose, treat, cure or prevent any disease.
I have a 7 yo with adhd, anxiety, chronic kidney disease, tethered spinal cord, neurogenic bladder and bowel with pain. Trying to help his ADHD we started Ritalin. my lil guy has always been fit so this was the worst thing We ever trled. He lost weight and quit eating. developed facial tics and started hand flapping. After testing found it was causing the kidney disease to progress faster. I knew I had to do something to help my baby. So the research began. I discovered CBD... So many medical benefits and it's legal In all 50 states. We trled 5 different brands before finding Hempworx. Now my son is excelling academically, gaining weight, sleeping thru the night and no pain or anxiety!!!! Thanks for reading!!!
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!
Vaporizers – Many state-licensed cannabis dispensaries offer high CBD strains of cannabis flower. This allows for reduced risk of paranoia while allowing for a high medicinal dose of CBD. Vaporizers are used to heat up the flower and remove the properties or compounds of the plant that you are looking for without combustion or smoking. Vaporizers use convection much like a convection oven.

Hemp entrepreneurs are facing jail time and hefty legal fees for transporting the plant across state lines, despite a federal guarantee that states can’t block legal hemp transport. Massive police seizures in Idaho and Oklahoma raised questions about how state and local law enforcement are supposed to tell the difference between hemp and marijuana. Since […]
This is verifiable thanks to third-party lab reports. The reports are posted directly on the HempWorx website, showing you that they have nothing to hide. Every batch is tested by a third-party laboratory, which conducts a gas chromatography test, antimicrobial tests, potency tests, and provides certificates of analysis. You can see all of these on the website.

I have a 7 yo with adhd, anxiety, chronic kidney disease, tethered spinal cord, neurogenic bladder and bowel with pain. Trying to help his ADHD we started Ritalin. my lil guy has always been fit so this was the worst thing We ever trled. He lost weight and quit eating. developed facial tics and started hand flapping. After testing found it was causing the kidney disease to progress faster. I knew I had to do something to help my baby. So the research began. I discovered CBD... So many medical benefits and it's legal In all 50 states. We trled 5 different brands before finding Hempworx. Now my son is excelling academically, gaining weight, sleeping thru the night and no pain or anxiety!!!! Thanks for reading!!!

There are two main compounds found in cannabis: THC and CBD. Both are very effective in managing pain. THC gives us that familiar “high,” while CBD does not. For instance, medicinal CBD oil contains small amounts of THC, so users get all of the benefits of cannabis without altering their state of mind. A Canadian study found no serious side effects of medical cannabis after one year of pain treatment.
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.
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