Despite prohibition, the U.S. is already home to an active and thriving hemp industry, although much of it is confined to individual states because of the laws. Legalization means that U.S. farmers will now be able to grow the crop, and existing hemp companies will be able to expand unabated and undeterred by the potential for federal intervention.
Should any legal disputes arise between a distributor and the company, proceedings shall take place in Dallas, Texas, where the matter will be resolved by “mandatory, final, binding, nonappealable arbitration.” However, if the distributor wins, it won’t be a great victory as damages are “limited to the amount of products [he or she] has purchased from the company that are in resalable condition.”
A 500mg bottle of Hempworx CBD oil costs $69 plus shipping. Before shipping cost it amounts to $0.14 per milligram of CBD. The 750mg bottle costs $89 plus shipping or $0.12 per milligram of CBD. The price per milligram is not outrageous by MLM standards. Still, it’s considerably higher in price than CBD oil products from other trustworthy companies like Lazarus Naturals, Bluebird Botanicals, and CBDistillery.
On the other hand, take extra care with products that list only the amount of total “cannabinoids” they contain, not specifically how much CBD is in them. Those cannabinoids could include not just CBD and THC but dozens of other related compounds. Companies may take that labeling approach because they hope it will attract less scrutiny from the Food and Drug Administration, Lee says.
For those unfamiliar with the status of hemp these days, Dolgin supplies the 30-second download: “In the ’70s it got caught up with marijuana in the anti-drug laws. It stayed that way for several decades, until the tobacco industry hit rock bottom and states like Virginia realized they need a new crop for farmers. In 2014 the passage of the U.S. Farm Bill allowed states to conduct hemp pilot programs. You could grow hemp if you were certified and licensed.” Because of the government work Dolgin had done, he was able to work closely with state senators and Governor Andrew Cuomo’s office to pass a series of bills that allowed JD Farms to grow hemp. The industry is currently a $688 million business in the U.S.
CBD is the major nonpsychoactive component of Cannabis sativa. According to a 2013 study published in the British Journal of Clinical Pharmacology, CBD benefits including acting in some experimental models as an anti-inflammatory, anticonvulsant, antioxidant, antiemetic, anxiolytic and antipsychotic agent, and is therefore a potential medicine for the treatment of neuroinflammation, epilepsy, oxidative injury, vomiting and nausea, anxiety and schizophrenia. (1)
“As we researched hemp food products, the majority of it was as a base ingredient for shakes and smoothies,” says Dolgin. “We believe the next iteration of the hemp market is to go into snack foods, to give it wider penetration into households,” he says. “We’re looking at products like ice cream and beer. We already have a pretty broad product portfolio, and we want to get even more innovative.”
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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).
In terms of price, Hempworx is actually a tad bit cheaper than the majority of the leading CBD oil brands in the U.S. As we went over in the Hempworx product reviews, their 500 mg (15 mL) oil sells for $69, which is just a hair less than our favorite brands (we won’t mention any names in particular for fear of turning this into a “brand pitch,” but you can check out this article if you want to know which brand specifically we’re talking about).