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.
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.
Many people rightly ask, “Is the HempWorx Affiliate Program Legit?” Fair question because there are so many scams out there when it comes to business opportunities. But who can give you an honest review you can trust? I saw a post in a reddit forum stating, “HempWorx is a scam because it is MLM.” This person automatically called it a scam solely because it’s an MLM program. Is that a fair judgement?
Our bodies make natural chemical receptors called endocannabinoids. They are part of the Endocannabinoid System (ECS), a harm reduction system found in the brain, nervous system, and elsewhere. They keep everything from our sleep to our appetites running smoothly. It is a common misconception that these receptors only live in the brain and nervous system. They can also be found in the skin, gut, and reproductive organs. They are even found in break milk!
Attorney General Jeff Sessions didn’t have hemp in mind when he repealed Obama-era protections for state-legal marijuana businesses. But his Jan. 4 announcement sent shock waves into the hemp industry, too, leaving entrepreneurs scrambling to reassure skittish investors. It’s been a rocky couple of weeks for hemp entrepreneurs. That’s despite the fact that hemp’s legal […]
Vape Pens – Perhaps the easiest way to get the CBD Oil into your body is through a vape pen. A vape pen is about the size of an ink pen but has a CBD oil cartridge with a heating element. Many people like vape pens because there is very little in the way of odor after using it and it allows for a lot of discretion because it can be pulled out of your pocket and used on demand.
All our hemp crops are grown free of chemical fertilizers, herbicides, and pesticides, so our quality starts with our hemp plants. From the time our hemp oil is harvested to the manufacturing and shipping of our products, we test our hemp oil multiple times to ensure accuracy in potency information and to check for contaminants like pesticides, herbicides, heavy metals, and mold. We also use a subcritical CO2 method when we extract our hemp oil, instead of using harsh solvents. CO2 is a much healthier choice than other potential solvents and is "generally regarded as safe" (GRAS) by the FDA. Because of this extraction method, our purity levels reflect on the FULL SPECTRUM of CBD; CBG, CBN, etc. Which is much more powerful and potent than these companies who are advertising 99% purity, because they are isolating the CBD from the entire plant (isolate) then adding it back into the product and calling it pure. This is usually in the form of "isolate" or and "extract". CBD isolate is cheaper to manufacture, and when the CBD is isolated, those products lose its effectiveness. Be careful of all the ingredients listed on the products and look for extra fillers. All the Hempworx oils have no fillers and just have 3 natural ingredients, some have peppermint oil for flavoring. Hempworx have over 120 cannabidoids in our CBD formulas which perfectly inhibits the CB2 receptors in the body.
Josh Zwagil appears to cross both these lines when he claims in an “opportunity” video that those “looking to go all in and build a full-time income” can do so with his MLM, without disclosing what the company’s Policies and Procedures make abundantly clear — which is that most distributors spend more on products than they earn in the compensation plan (See next section). Top HempWorx distributor Judy Stallings, who has been introduced at conventions as the “first-ever 250K affiliate,” has also used inappropriate income claims to bring people into the MLM, writing on her Facebook page last December:
Eating chocolate, interestingly enough, is not the only common experience associated with the cannabinoid system. A study published in the Proceedings of the National Academy of Sciences in 2015 found that increased levels of oxytocin—a.k.a. “the love hormone” that enhances the bond between lovers—prompts the release of anandamide, which then acts on the cannabinoid receptors. This means the cannabinoid system also plays a role in the “love experience.”
They allege you can earn up to seven figures per month depending on your rank. But if you look on page 12 of their terms and conditions, they say that any amounts reflected on their website is for demonstration purposes only and does not mean anything in terms of earning commissions. Seems like they are throwing these huge numbers around to try and get you to join.
The price of the 500mg bottle of Hempworx CBD oil is $69 plus shipping. That’s $0.14 per milligram of CBD before shipping cost. The 750mg bottle is $89 plus shipping or $0.12 per milligram of CBD. By MLM standards, that price per milligram is not outrageous. But it’s still significantly higher in price than comparable CBD oil products from reputable companies like Lazarus Naturals, cbdMD, CBDistillery and others. Click here to compare the price of Hempworx to our recommended CBD oil brands.
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.
Before there was HempWorx, there was My Daily Choice, an MLM whose main products pre-HempWorx were supplements that you spray into your mouth. Josh Zwagil started My Daily Choice in November 2014, a month after ending a five-year run with an automotive products MLM, Syntek Global, where he rose to the highest rank of Blue Diamond Executive, according to his LinkedIn page. (Fun fact: After Zwagil left Syntek Global, the MLM filed a lawsuit against its longtime president, John Winterholler, alleging, among other things, that he went behind the company’s back and against its interests to market and sell a competitor’s products.)
At these prices I believe most purchasers believe they are buying a CBD containing product for pain control or other conditions. When a product is advertised as "full spectrum" this is what is implied. Do not make the same expensive mistake that I did. This is a hemp seed extract with negligible, if any, CBD. It has no effect for pain control, glaucoma, or other conditions.
The legalization of hemp does more than simply create a new industry, and thus new business ideas and opportunities for entrepreneurs. Hemp is an extremely diverse crop with a wide range of applications, including in textiles, nutrition and biofuels, to name a few. The wider availability of these products could provide small businesses with more cost-effective or durable inputs.
As a result, customers can now be confident that most companies out there are pretty legitimate in terms of the overall safety of their products. However, you should still keep your eyes peeled and do as much research as possible, as a lot of brands are still selling non-therapeutic hemp seed oils as “CBD oils,” when in fact they contain very little of the active compound at all.