Kannaway Prelaunch Review: Hemp & MLM?
Despite a video on the Kannaway website informing me that ‘on February 28th this site will begin actually morphing into our actual prelaunch website’, it appears the company is still in this pre-prelaunch stage.
Official Kannaway prelaunch compensation plan documents I’ve cited in my research for this review confirm this is the case, stating
‘The Buzz Campaign’ will run from March 1st – March 31st at which time everyone who enrolls will be placed into one company wide Powerline structure based on the time and date of enrollment.
Due to international laws regarding the sale of cannabis products, Kannaway are currently slated for operation within the US.
And yes, Kannaway’s pre-prelaunch actually has its own compensation plan – more on that later.
At the time of publication the Kannaway website is little more than a sales capture page, demanding visitors enter in identification credentials before revealing anything beyond Kannaway being ‘a hemp lifestyle company with cutting edge CBD Rich Hemp Oil Products‘.
A marketing video features on the site, heavily emphasizing the distinction between hemp and marijuana (which is admittedly likely to be an instantaneous association most people are going to make with Kannaway when they hear the word “hemp”):
Other than a video on hemp’s history though, the Kannaway website fails to provide any additional information on the opportunity unless a visitor ‘enters (their) sponsor’s ID number’.
No ID? no information.
Personally I felt that the whole “we are not a druggie culture marijuana company” video was rather undermined by the whole “buzz” prelaunch. Certainly a better use of the Kannaway website would be providing even the most basic of company information?
Anyway I suppose that’s where I come in. Read on as BehindMLM pulls apart and dissects Kannaway’s “The Buzz” prelaunch campaign.
The Company
Kannaway lists an address in California on their website, so presumably this is where they are located. Details on who is running the company were initially sketchy, as Kannaway’s website domain was registered anonymously on the 7th of January.
A Kannaway “tonight is not an answers the questions night” Google Hangout held in late February was hosted by Christopher Hussey (credited as Kannaway’s Chief Technology Officer).
Hussey is quite active on YouTube (“CGHussey”), with past videos showing past involvement in Power Lead System (lead generation), Solavei (cell service) and NuSkin (personal care).
Early on into the hour-long broadcast, Hussey introduces the other speakers on the conference. From left to right along the bottom, the other speakers on the Hangout are:
Sugar Jones (?)
Hussey simply introduces Sugar as the person who is “running the deal” (the Hangout, not Kannaway). Beyond that I’m not sure what her official position is within the company.
Seth Fraser (Field Leader)
Seth Fraser first popped up on BehindMLM’s radar back in 2011 with the launch of “That Free Thing“. Based on the idea of charging people for free stuff, the opportunity flopped shortly after launch.
That Free Thing was the predeseccor to Freebie Force, a similar opportunity Fraser launched back in 2007.
More recently Fraser launched Uneeqlee in mid 2013. Uneeqlee had no retail offering and was pretty much a stock-standard recruitment driven opportunity. Not surprisingly, it too went nowhere after launch.
At the time of publication the Uneeqlee website is still up and crediting Fraser as the company’s CEO and Founder. Whether or not the site will be pulled now that Fraser is involved in Kannaway is unclear.
Moni Patterson (Field Leader)
Moni Patterson has previously been an affiliate in the now defunct Minerva Rewards (personal care and weight loss) and Evolv (health and nutrition).
Troy and Jason (?)
Hussey credits “Troy” with “pulling the strings” behind Kannaway, however his specific position or full name is not disclosed. Based on what he talks about in the Hangout, Troy appears to be involved in the product-development side of the business.
Charles Vest (?)
Charles Vest appears to have microphone problems so doesn’t initially speak on the Hangout. Further research however reveals him to be the Vice-President of Communications at HempMedsPx. This company appears to be the product supplier for Kannaway, but we’ll go more into that in the “Kannway Products” section of this review.
In addition to HempMedsPx, on his LinkedIn profile Vest also credits himself as a “Marketing Director” with World Ventures. World Ventures is a long-running travel niche recruitment-driven scheme, with the company recently being declared a pyramid scheme in Norway.
Vest lists his involvement with World Ventures dating all the way back to 2005, during which he claims to have
created a team of over 6000 reps and trained them regularly to achieve maximum resuls (sic).
Kannaway does not appear on Vests’ LinkedIn profile, so his position within the company is not immediately clear.
Billy Funk (?)
Billy Funk, like appears to be involved in the affiliate marketing side of Kannaway, but no specifics were discussed on the Hangout.
On his Facebook profile Funk credits himself as the Chief Marketing Marketing Officer of “Plus Marketing”, with Plus Marketing’s own Facebook profile stating it’s
Plus Mastermind is a course and education website that teaches the principles of Google Plus marketing, strategy, and much more.
Funk seems to focus heavily on what he calls “reverse marketing”. On a YouTube video published on March 9th 2013 titled “Reverse Marketing 101 for Network Marketing”, Funk shares one of his MLM marketing strategies. Funk, using Amway as an example, advises viewers to
type in Amway (into Google and) put in parenthesis any area code around the country.
I would hit search and I would start clicking on every link that was generated under that search box. And what you’re gunna find is a lot of reps with their phone numbers – and I would start calling them.
If I was to call you and you were an Amway rep, or you were previously an Amway rep and your name was “John”, I would say:
“Hey John this is Billy Funk. I’m an entrepreneur and I was actually researching Amway online (and) I’m just cuious; Are you still active with Amway?”
Right away, however he answers that, you’re gunna find out if he’s still working Amway. Anything other than “Amway is absolutely fantastic. I love it, how can I help you?”… (and) you know that Amway is not working for him anymore.
I ask them questions a build a repoire, it’s almost like an interview… and they won’t even know what hit ’em.
At some point during the conversation though I’m gunna say:
“Well hey John, y’know I’m an entrepreneur like yourself. I love working with sharp people and I’ve got one question for you: “Do you keep an open mind when it comes to making additional income outside of Amway, or are you married to that company?””
And you pause. You mute yourself and you wait for him to say “yes”.
Jeff Rogers (Founder, CEO & President)
Jeff Rogers is referred to as “the CEO” on Hussey’s Hangout, however I don’t believe he is mentioned by name. Being the CEO of Kannaway I’ve nonetheless included his name on this list for obvious reason.
I did try to research Rogers’ MLM history but failed to turn up anything specific beyond Kannaway.
The Kannaway Product Line
Kannaway’s product line revolves around hemp, specifically as an oil. During their “buzz” prelaunch phase, Kannaway are offering two products:
- a “Cannabis Beauty Defined Salve” for $50 and
- a cannabis vapor inhaler called “HempVap” for $70.
Note that both products can be bought together as a combo pack for $125.
As mentioned earlier, Charles Vest works (worked?) for HempMeds PX, and they appear to be behind Kannaway’s initial product offering.
Kannaway’s salve appears on the HempMeds PX website as “CibaDerm”, retailing for $49 a tub.
As above, HempVap also appears on the HempMeds PX website, however unless I’m missing something obvious it does not feature directly in their online product catalogue.
HempMeds PX have a wholesale program, which apparently anyone can sign up for:
Thank you for your interest in becoming a wholesaler. If you are a company or sole proprietor looking to expand your sales and marketing base, HempMedsPX offers a flexible wholesale program that is designed to accommodate wholesale customers worldwide.
Whether you are a small dispensary, a chiropractor, private practitioner or retail chain, our wholesale program offers organizations and individual practitioners substantial savings on bulk purchases of all HempMedsPX™ products.
HempMedsPX will handle the logistics and fulfillment for each sale no matter how large or small.
In addition to our streamlined logistics capabilities, our wholesalers have access to our suite of affiliated and informational sites that direct sales to the HempMedsPX portfolio of products.
We want to make the process from sale to store as easy and as profitable as possible for you!
Other than the possibility of Charles Vest I can’t see any corporate cross-over between the two companies, so presumably Kannaway have simply signed up as a wholesaler of HempMeds PX.
The Kannaway Buzz Launch Compensation Plan
The Kannaway Buzz launch compensation plan revolves around the recruitment of affiliates and the mandatory purchase of Kannaway products.
In a nutshell, affiliates sign up and then are required to purchase Kannaway products to secure their position in the company’s compensation plan. Affiliates who do not purchase Kannaway products are sent to the back of line and given another three days to make a purchase.
Once an affiliate has purchased their Kannaway products compensation plan position, they are locked in the queue.
Then, at the end of the Buzz prelaunch period, all the money Kannaway collected from affiliates is pooled and paid out to those who did the most recruiting during the prelaunch.
After the Buzz prelaunch Kannaway will require affiliates to pay an “IBO fee” (purportedly $15 a month). Once they’ve done this they’ll be eligible for shares in one of twelve pools. Note that the recruitment criteria below is for the duration of the Buzz prelaunch period.
- Pool 1 -recruit 1 to 3 affiliates
- Pool 2 – recruit 4 to 6 affiliates
- Pool 3 – recruit 7 to 9 affiliates
- Pool 4 – recruit 10 to 12 affiliates
- Pool 5 – recruit 13 to 15 affiliates
- Pool 6 – recruit 16 to 18 affiliates
- Pool 7 – recruit 19 to 21 affiliates
- Pool 8 – recruit 22 to 24 affiliates
- Pool 9 – recruit 25 to 27 affiliates
- Pool 10 – recruit 28 to 30 affiliates
- Pool 11 – recruit 31 to 33 affiliates
- Pool 12 – recruit 34 or more affiliates
Money in the pools is determined by the sales volume generated by all the affiliates in any given pool. An affiliate’s individual share in the pool they qualify for is determined by the amount of sales volume that occurred under them in the prelaunch straight-line queue.
Joining Kannaway During Prelaunch
Kannaway don’t charge affiliate fees per say, however all affiliates must make a purchase if they wish to acquire a position in the company’s prelaunch compensation plan.
Thus the defacto affiliate membership fees for Kannaway’s prelaunch are tied to their product prices ($50 – $125).
Conclusion
I’ll let you draw your own conclusion about the lack of information put out by Kannaway on their corporate management. Save to say that, based on the names of those involved that have been made public, the company appears to be attracting a specific type of network marketer (recruitment-orientated).
While we can’t comment on Kannaway’s launch compensation plan, what I can tell you now is that there are some major red flags evident with their prelaunch model.
First and foremost is the glaring requirement of mandatory product purchases by affiliates to qualify for commissions. Simply put, if an affiliate does not make a purchase, they don’t get a prelaunch position and no commissions are earnt.
Thus what is actually being traded here are positions, with purchases being made on the implied future promise of commissions paid out greater than the product purchase itself.
Kannaway are quite openly honest about this, which is worrying:
Pre-enrollees must purchase one of the three retail product packs within their first three days of enrolling to secure their position in the Powerline.
Pre-enrollees who do not purchase one of the three retail product packs within three days will forfeit their position and be placed in the next open position at the bottom of the Powerline structure and given a new time and date for their enrollment.
Again, a position is not secured until the Pre‐enrollee purchases one of the three retail product packs. This process will continue until March 31st when The Buzz Campaign ends.
Forcing affiliates to purchase any product to qualify for commissions is a red flag in MLM as it calls into question the motivation behind the purchase. Here you have Kannaway openly telling affiliates that if they don’t make a purchase, they’ll lose their spot in the compensation plan.
Thus the value of the Kannaway products themselves is deemed irrelevant under the guise of affiliates purchasing “Powerline positions”.
As an aside, I’m at a loss as to why Kannaway refer to these affiliate purchases as “retail packs”. Clearly affiliates purchasing product from the company is not retail.
Things only get worse when one considers that all of this prelaunch affiliate money is then divvied up and paid out to those who did the most recruiting. If an affiliate joins Kannaway, makes a purchase and recruits nobody – they get squat.
This is foundation Kannaway are building their MLM opportunity on, so expectations on the legitimacy of their company in the future are already soured. When you launch a prelaunch that’s so blatantly focused on affiliate recruitment (retail sales aren’t even possible), you can be guaranteed to attract the cross-section of MLM regulars who flock to these sorts of schemes.
Effectively those that purchase their Kannaway prelaunch compensation plan position the earliest stand to make the most post-launch. This characteristic is in line with your typical pyramid scheme, and to be perfectly blunt I’m not seeing any distinction here.
No doubt some Kannaway affiliates will proclaim the presence of products marks the company apart from a pyramid scheme, but when you’re forcing affiliates to make purchases and pay fees just to qualify for commissions, and said commission funds consist 100% of affiliate money, having products or not is entirely irrelevant.
Affiliate money flows in and is then paid out pro-rata to those who did the most recruiting.
On the product side of things I’m not really sure how HempMeds PX selling their products in direct competition with Kannaway is going to work. The two products the Kannaway are launching with both appear to be retailed by HempMeds PX at the same price Kannaway are charging affiliates. Whether or not Kannaway will increase the cost once these products are offered to actual retail customers is unknown.
Even if they don’t though, the possibility of Kannaway being undercut by HempMeds PX if they have a sale is a bit awkward. Kannaway, having to pay out affiliate commissions, is going to have a hard time competing. And if not with HempMeds PX directly, than surely with the company’s other wholesalers?
If I can buy HempVap from another HempMeds PX wholesaler at the same price or cheaper than at Kannaway, as retail customer I’m at a loss as to what the incentive is. Short of the income opportunity, there doesn’t appear to be any real value within Kannaway.
Things get even murkier when you consider that the corporate address provided on the Kannaway website matches an address listed on several “Kannaway LLC” trademark applications:
Surely if this is one and the same company that would at least warrant a mention somewhere on the Kannaway website?
Also note that Kannaway LLC is listed as a Nevada corporation. This is not what is presented on the Kannaway website, with the company clearly giving off the impression they are based out California:
And whilst I’m certainly not suggesting anything nefarious happening over at HempMeds PX (by association with Kannaway or otherwise), I can’t help raise the potential regulatory red-flag with the name “HempMeds PX”.
Oh and did I mention that HempMeds PX is ‘a corporate portfolio company of Medical Marijuana, Inc.‘?
“Medical Marijuana Inc.??? What was all that crap about hemp not being marijuana then?! With Kannaway it clearly is, even if in name only.
Without a doubt that the name HempMeds PX sounds pharmaceutical in nature (and Medical Marijuana is a no-brainer) and… well we all know how the FDA feels about MLM companies and medical claims. When the company’s own name itself is somewhat suggestive, that leaves the door wide-open for affiliates to abuse how it sounds in their marketing.
And if they aren’t now I can guranatee you some bright spark is eventually going to try to capitalize on HempMeds PX or Medical Marijuana’s pharmaceutical-sounding company names.
Finally I think the type of product Kannaway are going to market also needs to be considered. No I’m not going to lecture you on marijuana or help – you guys can make up your own minds on that. But by and large I imagine most Kannaway affiliates are going to memorize their answer to “isn’t this just marijuana” pretty quickly.
There’s just no getting around the fact that to most of the population (in the US or elsewhere), hemp = marijuana. And Kannaway certainly aren’t doing themselves and favors by referring to their Prelaunch as “the Buzz” campaign. Ditto adopting the tagline “aspire higher” too:
And the vapor product?
I predict that a great deal of time is going to be spent convincing people that Kannaway’s product line isn’t just a different way to get high.
Yeah I get it, it’s hemp… but you’re going to show me a huge-ass video on explaining how hemp is not marijuana and then get all tongue in cheek with the drug culture references? Cmon guys.
The take-away?
On its own the Kannaway prelaunch compensation plan is massively problematic at best. It’s basically a recruitment game with defacto affiliate fees pooled and paid out to top recruiters post prelaunch. The hit and run numbers are going to be astronomical.
Couple that with hemp… and whilst the chemistry might be different, separating themselves from marijuana culture (especially with all the legalisation going on now), is going to be Kannaway’s biggest challenge.
Well, maybe second after retaining all the top-recruiters who are going to bail after those bonus pools have been paid out (it’s a one-time payout).
Marijuana *is* cannabis sativa, which is obviously a type of cannabis, which is known as hemp.
“regular hemp” is mainly valued for the fiber. The only reason to use hemp in meds is for the active ingredient THC, in marijuana. In fact, modern strains of marijuana is bred specifically to increase the amount of THC present. Pot potency in the 1970’s and 80’s was 3% THC. Modern pot had more than DOUBLED that.
With that said, this biz is nothing more than an attempt to cash in on the “pot legalized in Colorado” fad. They pixie-dust some products with hemp derived ingredients and sell them at inflated prices to fuel MLM style expansion.
It may be legal (as far as MLM law’s concerned, and that’s just an ASSUMPTION), but it’s going to die a quick death when the fad fades.
Kannaway has already lost its market to Amazon and eBay. Their Hemp-Vap e-cigarette is $30 cheaper @ $60 on both giant online buying-sites than Kannaway’s $89.95 for HempMedsRX identical puffer.
That, coupled with Kannaway’s financial backing from the notorious Michael Llamas who’s closet is overloaded with current regulatory and published legal skeletons, makes this MLM a high-priority target for Federal regulators. Good luck!
From wikipedia’s page about Cannabis. Notice what I starred:
@K. Chang
By fad, are you saying the marijuana will be made illegal again, or that it will continue to be legalized so “Hemp” MLMs will be nothing special and never generate enough buzz.
In case you didn’t see it yet, this is the joke ad going around the skype chatrooms about this program —
I came across this back on 2/21 when I received a forwarded email praising the next “big thing” and to pass this email on from one of many old upline people who have bought my name from a Zeek list. (can’t unsubccribe of course and it doesn’t matter cause someone else emails you next).
I watched about 30 seconds of the “buzz” video for a good laugh but seriously, for anyone actually considering this mistake, I didn’t have to look any further than the origin of the forwarded email…
From: TODD DISNER. – enough said.
Good question. Haven’t thought about it, but this really is riding on the coattails of pot. The only *active ingredient* people want hemp for is THC, which is obviously a controlled substance and can’t be in the products.
This is all hemp-DERIVED stuff that are pixie-dusted or irrelevant enough to make the product legal. You’re not gonna get a buzz from using their shampoo or conditioner. 😀 When people realize the product list is a bunch of bull**** it’ll die like a fad.
@K. Chang
Gotcha, so more the latter than the former. I tend to agree there, I Think pot will continue to be legalized once people see that not a damn thing has changed in CO or WA after the law was passed.
As for MLMs.. I mean in terms of controlled substance, there hasn’t been an alcohol MLM and that’s a “controlled substance” so for people think “Oh Pot is legal, let’s make a hemp MLM!” is just stupid.
A logical person should look at this for a second, smell and call BS, then walk away.
Speaking of Disner… Quiznos, the sandwich chain he allegedly co-founded, just declared Chapter 11.
Interesting relationship between hempmeds and the mlm. I think they are both owned by same medical marijuana inc. I would not think hemp is a fad being that its been consumed for so long. 9k years.
We will see if this takes off for long haul or fades but I am guessing the ladder.
Thanks,
Matt
Empower Network and Kannaway is a nice combo for all “bad boy” marketers. Kannaway has no legs.
HempMedsPX / Kannaway are about nutritional products PRETENDING to be marijuana. It will completely ruin a “bad boy” image and make them look more like “wussies”.
MARKETING CAMPAIGN? FAKE MLM?
Kannaway is probably a marketing campaign designed to sell products / make the products known in the market. I believe it’s a fake MLM company, but it will produce recruitment rewards for the Buzz period (if people pay for products, and pay the $15 affiliate fee).
I tried some search techniques to look into its website for information, and it has a lot of fake “Lorem ipsum” pages. Someone has PRETENDED something when they organized the website, e.g. copied several duplicate pages under different names (+ let them be found by Google), and later removed most of them.
@M_Norway
Did you see the “Kannaway is a scam!” reverse marketing page(s) they’ve set up on the official Kannaway domain? Hilarious!
I saw it listed, but I didn’t look at it. I was looking for other type of information.
I used the search method “site:website”, but started first to look at individual pages around page 4 or 5 in the search list.
All returned “Error 404” (or 405) “Oops, this page is missing”. Most of them contained “Lorem ipsum” text = latin text used by programmers to test the visual look of a website. Many pages were duplicates.
I didn’t waste too much time on it. When I didn’t find anything in a few attempts, I decided it wasn’t worth the efforts. I was initially looking for useful info. I can probably check it one more time and give more details.
It looks like a marketing campaign, a method to create some buzz about the products, and a method to make money.
here is their new comp plan for the launch:
kannaway.com/compplan.pdf
for you guys to check out and review.
Thanks for that. I’ll have a look at it and publish my thoughts early next week.
Here’s the error message …
Here’s what page 5 looked like in Google. 3 examples:
“Lorem ipsum” and other Latin text is used to test the visual look of websites, without being distracted by text in understandable language.
From my point of view, Kannaway is simply a marketing campaign for HempMedsPX. It tries to PRETEND to be marijuana like, but it’s actually a nutritional product (food supplement). The 3 letter “active ingredient” CBO is hempseed oil.
The active ingredient in marijuana is THC. That comes from a different specie of the hemp plant.
—
It was prelaunched in late February, with planned launch March 1st.
It will probably attract “pretend to be badasses”, just like Empower Network.
2012: Wazzub. “100 years after Titanic”
2013: Rippln. “101 years after Titanic”
2014: Kannaway. “60 years after Castle Bravo”
“Castle Bravo” = the 15-megaton hydrogen bomb, detonated on Bikini Atoll in the Pacific Ocean, resulting in the worst radioactive contamination ever caused by the United States.
I’ve been told it’s called “greeking”. No idea why. 🙂
Kannaway is simply HempMeds going MLM without ruining its name by launching a new name, much like that WarrantyPlus thing a while back.
Usually a sign of desperation, if you ask me. or one last squeeze of the lemon before signing off. (I’m just ruining all these metaphors, aren’t I?)
I think I might have hit Google cache on the “Kannaway is a scam” post. It was some YouTube video with a bunch of comments. I think they copy and pasted it from one of their top-affiliate’s blogs or some such.
Hey guys, here’s the issue. Kannaway has made it absolutely CLEAR that you are not to use medical claims in their hidden Facebook forums and other documentation. They just released their compensation plan on the 15th that shows more than one level, right?
Lets say they are being investigated by the feds and closely monitoring activities by their affiliates. Lets say one of your downline members goes rogue and decides to hand out print materials with medical claims all over it. What happens if the feds gets one of those printouts and makes their purchase as evidence?
Wouldn’t that mean, along with the lawsuits to the primary seller, the entire Kannaway upline who earned money from the guy making medical claims are also liable to be sued?
No thank you.
Never thought about that. LOL
Corporate Press Release:
http://www.medicalmarijuanainc.com/index.php/58-press-releases/2014-press-releases/416-medical-marijuana-inc-s-hempmedspx-signs-two-year-agreement-with-home-based-business-organization
Are the “distributors” going nuts making bogus claims thus prompting such ‘line in the sand’ declarations?
Thanks to the folks at SaltyDroid, here’s a Medical Marijuana specialist’s view on these “derived products”, which roughly translates to I guess it wouldn’t hurt.
http://www.beyondthc.com/wp-content/uploads/2013/11/MMJ-Inc-by-MAL-2013CR.pdf
Interestingly, Medical Marijuana Inc.s top guy Michael Llamas was recently indicted for multimillion mortgage fraud according to same article.
And here is one “Science Chief” for such company claiming that MMI supplied product is worse than junk, it may even be harmful.
http://www.beyondthc.com/dixie-elixirs-unfit-for-human-consumption/
Not saying that’s what Kannaway’s getting, but it’s the same supplier, right?
Why do they have to put out press-releases, why isn’t this information just available on the Kannaway website?
And who owns HempMedPX? If they are the “master distributor” of CannaVest, who owns it becomes relevant.
Also why is being associated with Cannavest akin to leprosy? The whole press-release reads like “hey it’s ok guys, we have nothing to do with Cannavest (they only indirectly supply our products), nothing to worry about!”
This is an abnormal amount of weird BS for an MLM company launch.
You might find this Forbes article quite interesting as a read.
http://www.forbes.com/sites/nathanvardi/2014/03/10/the-first-pot-stock-billionaire-says-his-penny-stock-could-be-a-little-high/
At least initially, KannaWay won’t be selling the Cibaderm products manufactured by CannaVest (who owns the Cibaderm brand). They will sell the (supposedly) anti-aging Cannabis Beauty DEFINED products. That brand, as well as HempVAP, is owned by HDDC Holdings, LLC, which is the largest single investor in MJNA.
cannabisbeautydefined.com
IMO, the Kannaway operation is shady.
I think Kannaway look’s in some ways like at start up like a lot of the other (all) mlm companies that I and most of my friend’s have been involved (joined) with over the last 20 year’s .. so here my 2 cents whatwouldbubbado.info.
bubba’s is just killing it he’s got more paid personal’s than all of the other programs he was ever in plus his power line is 30,000 plus so bubba think’s and pray’s all will be will in Kannaway nation..
Simple pump and dump. HempmedsPX is wholly-owned by Medical Marijuana Inc. and is the master distributor for Cannavest portfolio companies. Both are publically-traded.
This little MLM deal with Kannaway allows both companies to pump up valuations via press releases about sales and distribution (Kannaway) in preparation for a big stock dump in about 2 months.
I’m just looking into Kannaway, lot’s of information here.
Just curious if any has been looking into recently, if anything new has happened, I guess I just don’t know how to do searches like you guys.
I read something about recruitment commissions getting canned, didn’t see anything official though (wasn’t looking).
Wow, that fast? that’s pretty bad didn’t even get to the commissions phase?
As I understand it the company is still chugging along, just that glaringly obvious red-flag recruitment commissions got neutered.
Pretty bait and switchy if you ask me (and it was already hugely bait and switch to begin with due to the different comp plans!).
Well.. I looked into it a couple of months ago and backed out as it were and was told today from my sponsor at that time that checks finally came out today. I would have gotten a check, oooohh.. so what!
I can live without this fad.. I do NOT like the way they are set up one bit..
The products that Kway sells are extremely over priced to finance those bonuses and car bonus plans. An items like HempVap oil sells for $75 wholesale and retails for $90. Thats nuts it could never be sold in smoke shops selling vape oils the cost makes it prohibitive.
I can buy those same CBD enriched products for 1/5th the cost of Kannaway. I’ll leave that there for now.
Kway uses pressure tactics to get their affiliates to buy those expensive starter packages from $199, $499 and $999 in order to qualify for the comp plan. Now they have created a VIP type of group page only for those that buy the Premier packages.
You have to spend $1000 to be in this exclusive group. REALLY! You’ll have find people that have Stupid tattooed to their forehead.
The truth about the MLM mentally is coming out. Its not about the products its about enrollment, downline and fees. The Leaders are all enrollment machines they were in Rippln, RCC, Zeek rewards and the rest of those scams.
Its all Bait & Switch. 1. Get your free spot, 2. Lock in your spot by buying a product, 3. Become a Brand Ambassador and 4. Buy 1 of 3 Starter packages. When will it end? Done with MLM’s
Just a few things, as a summary of what others have said:
First of all, use whatever out-of-context pieces of Federal law that you want…but that doesn’t make CBD legal under that law.
Doesn’t matter if it’s imported, made from industrial hemp, low (or even entirely lacking) in THC, etc. According to the “Feds”, ALL “phytocannabinoids” from cannabis are illegal, as are their analogs, isomers and on and on.
Second, CBD can get you high. It’s just not “cerebral”. The “body high” one gets from smoking pot is from cannabinoids other than THC…including CBD.
Ave minimum effective dose, from my research, is 30 mg a couple of times a day. As much as 1 gram of CBD could be needed. Certainly more than the 30 mg in a cartomizer that is expected to last several days.
All that Kannaway, and others selling crap will succeed at is convincing users that CBD is a scam. It would be like telling people that they can cure a headache with 1/100th of an aspirin.
Have you heard of… homeopathy? 🙂
some RUMORS about EU-Regulations comming: i have heard, that new Regulations will ban CBD-Oil with more then 3% …that will blow not only Kannaway (with some Products) out of the Hype-market with cbd-oil….