About the company
HempWorx operates out of Las Vegas under the parent company My Daily Choice. It’s best known as one of the most significant multi-level marketing (MLM) companies for CBD. MLM companies are also referred to as pyramid selling, according to Wikipedia. They’ve got up to 200 employees and it’s rumored they do over $100,000,000 in annual sales.
- The retail cost of their CBD products is slightly below average for CBD companies. They’re also real, according to testing at CBD Examine. This is great because many MLM companies sell low-quality products above market value.
- B- score by the Better Business Bureau with 58 closed complaints in the last 3 years. They have 4.2 stars out of 5 by customer ratings. They have a large number of complaints and their ratings aren’t great, but it is far better than most MLM companies.
- Update 6/2020: A Youtube fan mentioned that most people have significant expenses, which are far higher than their income. “Based on a survey conducted by the company in 2018, the average annual expenses an Affiliate incurred were 1,608 USD.” Based on this statement and the chart below, it looks like about 98% of people are spending far more money on expenses than they make. Original text: It’s a real opportunity to make money or get free CBD products. It’s not a scam, from what I can tell. They are required to post commissions and some affiliates make 6 figure incomes. However, it’s critical to know out of 84,000 people, 72,000 received no income at all. Below you can see that there are millionaires made from this, but I’m sure the “<1%” is a very, very, very small number of people. There is an opportunity to make money, but most people fail and that’s the risk anyone takes in an MLM company or business.
- U.S. Hemp Authority Certified.
- This is an MLM company, which many view as a pyramid scheme. HempWorx calls it a binary tree. You can read their compensation plan here, but it left me confused. AffiliateUnguru.com broke down how it works in plain English here. In short, you can buy products for up to 50% off and sell them just like any business would. Also, when you refer other affiliates, you get a commission of their sale. If they refer additional affiliates, you get a small commission on their sales as well. This trickle-up reward system is where the “pyramid” forms, but they prefer to display a “downline” chart. Some people feel this takes advantage of vulnerable people. A lot of people pay for a bunch of products that they don’t sell and they also don’t get anyone else to sign up. However, this is the risk anyone would take starting a business.
- If you sign up for any Multi-level marketing company, your friends and family may become annoyed with you. If you are already an annoying person, this may not be for you. No one wants a friend that never shuts up about an MLM company, or CrossFit, for that matter. On a serious note, I know some people who’ve made money on MLM programs and they did it by sharing their discount with friends. Eventually, some other friends sign up. Do you want to be the friend who hooks your friends up with wholesale prices or that annoying person selling miracle CBD on Facebook?
Other sizes available
We tested the $89 bottle (30 mL) of the 750 mg formula, which came in at $0.13 per mg of CBD. The smaller $69 bottle (30 mL) of the 500 mg formula came in at about $0.15 per mg. However, most people are buying these in bulk and getting discounts of up to 50% off.
Other Products by HempWorx
HempWorx offers CBD extracts, capsules, pet products, topicals, gummies, bath bombs, and CBD coffee & creamers.