CBD News: Canadian labeling, potency lawsuit includes CBD products

A CBD maker in Canada is part of a labeling lawsuit against more than a dozen Canadian cannabis companies. The lawsuit, filed in Alberta by consumer Lisa Marie Langevin, accuses the companies and their subsidiaries of selling products “with THC or CBD content levels that were drastically different” from what was advertised. Canada allows 15% […]

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CBD News: FDA: Many CBD products contain far less, sometimes more, than advertised

Testing of CBD-infused products conducted by the U.S. Food and Drug Administration found that many are mislabeled, containing far less or more CBD than advertised and in some instances THC that wasn't supposed to be there.

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CBD News: Canadian hemp company buys stake in Germany growing operation

A Canadian hemp company has bought a 5 percent ownership stake in a German hemp company with an outdoor growing operation of more than 1,200 acres. EuroLife Brands, based in Toronto, said it is issuing 500,000 common shares valued at $250,000 and a cash payment of $35,000 for its initial stake in Farmhus GmbH. As […]

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CBD News: Canadian MJ firm settles hemp joint venture in time for 2020 production

A Canadian MJ company planning to start hemp production, Pac Roots Cannabis Corp., has settled a joint venture in British Columbia in time to grow and sell hemp products in 2020.

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CBD News: Canadian cannabis firm acquires CBD-producing Mass. company

Vancouver, British Columbia-based Future Farm Technologies says it has finished its consolidation with High Purity Natural Products, a Southbridge, Massachusetts, company that makes white-label CBD and hand sanitizer.

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Network Marketing Survival - What is the MLM Jungle Like

Over the next few weeks, I will be posting sections from Network Marketing Survival - How to Survive in the Network Marketing Jungle. Complete this form to download the whole book as a free PDF

What is the MLM Jungle Like

There are thousands of MLM companies out there! Here are a few categories of MLM. These will help you determine which company suits you.

The main difference between traditional MLM and Internet MLM is the method used to recruit or sponsor. Traditional MLM relies mostly on one-on-one prospecting (like at a McDonalds or Starbucks), home party, opportunity meetings or rallies. Internet MLM does the recruiting through e-mail, newsletter, forums, websites and sales letters. This minimizes the human interaction part and may be more suitable for those who are not very good at talking to others.

Two main types of traditional MLM are one that is heavily concerned with retailing, consumption or distribution of a physical product. Typically one with a high volume of repeat sale (like vitamins or skin care products) and good testimonials of the product with high visibility (e.g. look at my skin, the product has cured all my pimples!).

Concept MLM doesn’t focus as much on products compared to its former counterpart. They usually do have a product, but it doesn’t have as high a repeat sale as those mentioned above. Most of them run their business like a club. Some are like lifestyle clubs. Others conduct their business with a high degree of professionalism (they all dress better than an office worker). Often they will sell their people a dream or molding them to a particular image to convey the image of the company for attracting more recruits. It’s the sizzle that sells the steak.

In Internet MLM, there are distributions of two types of products. A physical product distributed through the Internet means that the Internet does the selling and recruiting, taking the orders, and the shipment of the product are done offline. Digital products remove the headaches of physical product distribution. This usually gives the company a better margin due to lower overheads (no warehousing or shipment).


Coming over the next few weeks:


 
LEGAL NOTICE
The Publisher has strived to be as accurate and complete as possible in the creation of this report, notwithstanding the fact that he does not warrant or represent at any time that the contents within are accurate due to the rapidly changing nature of the Internet. 

While all attempts have been made to verify information provided in this publication, the Publisher assumes no responsibility for errors, omissions, or contrary interpretation of the subject matter herein. Any perceived slights of specific persons, peoples, or organizations are unintentional. 

In practical advice books, like anything else in life, there are no guarantees of income made. Readers are cautioned to reply on their own judgment about their individual circumstances to act accordingly. 

This book is not intended for use as a source of legal, business, accounting or financial advice. All readers are advised to seek services of competent professionals in legal, business, accounting, and finance field.

CBD News: Colombian cannabis firm signs deal to bring CBD skincare line to Spain

Khiron Life Sciences has inked a deal to put its CBD skincare product line on the shelves of hundreds of drug stores across Spain.

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CBD News: HIA names executive director, partners with industrial hemp group on marketing checkoff effort

The Hemp Industries Association has names Jody McGinness as its new executive director and has partnered with the National Industrial Hemp Council to explore the creation of a national hemp marketing checkoff.

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CBD News: Denver CBD drinks company sues Nashville business, alleging copyright infringement

A Denver company that sells a line of CBD sports drinks is suing a Tennessee beverage company for copyright infringement, alleging the Nashville business is selling products with almost identical names as the Denver brand.

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CBD News: ‘Cash is king’ for expansion opportunities and Covid cushion: Q&A with Charlotte’s Web CEO Deanie Elsner

Corporate leaders in the CBD industry are increasingly coming from the consumer packaged goods universe, lending their experience and asking the hard questions to whip the nascent hemp industry into shape and navigate the enormous growth that entrepreneurs foresee in the market. Deanie Elsner joined Charlotte’s Web as CEO last year, bringing with her more […]

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CBD News: Overheard at HIDC: CBD, CBN ‘are coming in a big way’

CBD first that captured the attention of cannabis consumers, but other cannabinoids, such as CBG and CBN, may be ready to make a splash soon. That’s according to Blake Patterson, co-founder and CEO of MarketHub Retail Services, who took audience questions during at roundtable Wednesday at the Hemp Industry Daily Conference Direct. “CBD is just the […]

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CBD News: Colorado company that sold CBD in Dick’s Sporting Goods stores files for bankruptcy

A Colorado-based CBD company that sold a line of cannabidiol products at Dick's Sporting Goods stores nationwide has filed for Chapter 11 bankruptcy protection.

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CBD News: Overheard at HIDC: Collaborate to strike distribution deals for smokable hemp and other hemp-derived products

“Pigs get fat, hogs get slaughtered” – and that’s a good way to think about seeking out large distribution deals for smokable hemp products, according to Jackson Garth, CEO of Verde Leaf Group, an Atlanta-based vertically integrated hemp company.

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CBD News: Overheard at HIDC: As hemp industry was being established, CBD’s popularity was unexpected

CBD’s surge in popularity over the last few years was a surprise to the hemp industry, which first envisioned other uses for the plant, including fuel and fiber for textiles, according to a Denver-based attorney. “Laws are shaped by the products and activities we envision,” Andrew Livingston, director of economics and research at the law […]

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CBD News: UN body sees challenges for adding CBD footnote to international narcotics treaty

The World Health Organization's proposal to exempt plant-derived CBD extracts and tinctures with less than 0.2% THC from international control under a UN narcotics convention could be difficult to enforce, a United Nations monitoring body has said.

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CBD News: Overheard at HIDC: Lawyers can bite even if FDA doesn’t

CBD manufacturers in the U.S. have more to worry about than confusing regulations about how the extract can be legally made and sold.

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Network Marketing Survival - Types of People Who Are Looking For Opportunities

Over the next few weeks, I will be posting sections from Network Marketing Survival - How to Survive in the Network Marketing Jungle. Complete this form to download the whole book as a free PDF

Types of People Who Are Looking For Opportunities

Remember that people join MLM companies for their own reasons. However, the character or intention of a person will determine how far they want to go in MLM. Here are classic examples of different types of people

(1)   Genuine business opportunity seekers and builders

(2)   Product consumers

(3)   The supporters

(4)   MLM junkies

(5)   001 syndrome

Genuine business opportunity seekers are the most important people in building a large business. They are the bread and butter. Not all are leaders but leaders are not born, they are developed. This group of people also can be product consumers.

Product consumers are people who join an MLM and buy from them because they like the product and enjoy the service of their upline. They are not necessarily genuine business opportunity seekers or builders yet for many builders, a lot of their income will come from this group. The good thing about them is as they learn more about the product, the company and interact more with their upline, their exposure to MLM grows and they might convert to opportunity seekers and then builders. 

The supporters’ category is quite a mixed match of people. When their close friends or relatives build an MLM, they will join under them to ‘support their businesses. However, the consequence of that action varies according to the individual. For example, I would join my friend’s organization but it could be purely out of obligation and not for any genuine reason. This could potentially lead to resentment (when you mix business dealings with friendship), confusion and even loss of friends. Others might even join to see if their friend or relative is involved in a scam to try and pull him or her out. In order to prevent any potential disaster, make sure your intentions for joining an MLM are very clear cut. 

MLM junkies are the sort of people who jump from MLM to MLM (some people even call them Multi-Level-Monkeys). They attend a talk, get hyped up about the opportunity, and build the business on euphoria. Sooner or later, they lose steam and find problems with the company (when the real problem is themselves most of the time) and jump to the next SMOKING HOT business opportunity. It is not wrong to be a member of many MLM companies (depending on your budget). Bear in mind, certain companies discourage or even forbid you to join other companies (then their business practices should be examined). If you are a member of many companies, it is ok to do a good survey and attend trainings, but the key to remember is you must focus on ONE good MLM for the long run and the others can operate on a referral basis (like recommending a friend to buy a product from another company while building one main one).

This leads us to one more category of people who could be MLM junkies as well – the 001 syndrome. Basically they want to be the first to start building a business in a brand new start-up. They want to be the pioneer. There are many pros and cons to assess about a new company like their background history, financial status and product market rather than just focusing on the income potential. There are many more challenges to be faced for people who are sponsored directly under the company and new companies don’t usually have a time-tested workable system in place. 

If you fall into one of the above categories (or even some or all of the above), these will give you a general guideline on how to improve your choice selection of MLM companies before we go in to the details about compensation plans and product demand. By knowing yourself better, you can do a better assessment.



Coming over the next few weeks:


 
LEGAL NOTICE
The Publisher has strived to be as accurate and complete as possible in the creation of this report, notwithstanding the fact that he does not warrant or represent at any time that the contents within are accurate due to the rapidly changing nature of the Internet. 

While all attempts have been made to verify information provided in this publication, the Publisher assumes no responsibility for errors, omissions, or contrary interpretation of the subject matter herein. Any perceived slights of specific persons, peoples, or organizations are unintentional. 

In practical advice books, like anything else in life, there are no guarantees of income made. Readers are cautioned to reply on their own judgment about their individual circumstances to act accordingly. 

This book is not intended for use as a source of legal, business, accounting or financial advice. All readers are advised to seek services of competent professionals in legal, business, accounting, and finance field.

CBD News: Atlanta hemp company taps industry insider to test, validate CBD line

The president of the Cannabinoid Industry Association is joining an Atlanta-based hemp company, Verde Leaf, to lead testing and product development for a new subsidiary making CBD products. Priscilla Agoncillo will be board chairwoman and president of Medadex Pharma, a new subsidiary of the privately-held hemp grower and processor. Agoncillo will remain president of CBDIA’s […]

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CBD News: Credit unions get new guidance on working with hemp businesses

Officials from the National Credit Union Administration issued a letter to federally insured credit unions this week, to provide additional information on serving legal hemp businesses.

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CBD News: Canadian and Spanish hemp companies team up to distribute CBG in Canada

A Canadian biotechnology hemp company is entering an agreement with a Spanish company to produce and distribute a THC-free, high -CBG variety of the plant in Canada. Ottawa-based Cannabis Orchards’ partnership with Hemp Trading to get the hemp variety, called Panakeia, into the Canadian market comes after “successful distribution” of it in the United States, […]

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CBD News: NY hemp company lands $100 million in acquisition restructuring plan

Multistate marijuana operator Acreage Holdings is getting $100 million to shore up a hemp-focused subsidiary, part of a restructuring announced Thursday with Canadian marijiana giant Canopy Growth Corp. Canopy announced plans tro acquire Acreage last year. The restructuring includes a loan from Canopy so that Acreage’s hemp subsidiary, called Acreage Hempco, can “participate in the […]

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CBD News: ‘This is your moment:’ 5 tips on hemp investing from top analysts

Investors looking for a cannabis investment with less risk than the THC market have been snapping up hemp investments.

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CBD News: UK down-schedules CBD drug to lowest level for controlled drugs

The United Kingdom has down-scheduled Epidyolex to the lowest level of control for drugs, greatly easing restrictions on the cannabidiol medicine and reducing red tape for companies that supply it.

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CBD News: Multi-state hemp and CBD producer Entoura buys Atalo Holdings’ assets

Hemp producer Entoura, a privately held, vertically integrated hemp company has acquired the assets of Atalo Holdings, a hemp producer and CBD manufacturer located in Winchester, Kentucky.

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CBD News: Texas hemp extractor acquires CBD skin care and wellness company

Houston-based hemp processor and extractor Bayou City Hemp has purchased a retail company that makes hemp-derived CBD skin care, cosmetics and wellness products.

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