CBD News: Reputation, revenue at stake as Brazil weighs legalization of cannabis cultivation

Brazil has fast-tracked a draft law that would legalize the cultivation of medicinal cannabis and industrial hemp, and the stakes are high. South America’s largest economy leads the world in several commodities markets, and some politicians say its farmers are keen to expand into hemp. Several other Latin American countries – Uruguay and Paraguay in […]

Reputation, revenue at stake as Brazil weighs legalization of cannabis cultivation is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs



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CBD News: German CBD maker secures undisclosed investment after €5 million valuation

A German CBD extractor has secured funding of an undisclosed amount from an independent investor in Hamburg who valued the company at €5 million ($5.9 million). Signature Products GmbH did not disclose the size of the investment but said in a statement that the investor’s appraisal makes it the youngest cannabis startup with the highest […]

German CBD maker secures undisclosed investment after €5 million valuation is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs



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CBD News: NY hemp producers want Cuomo to issue rules for extracts before temp regulations expire

New York hemp growers and processors want Gov. Andrew Cuomo to issue guidelines from a bill last year to regulate the sale of extracts from the plant, like CBD, before 2014 Farm Bill pilot provisions expire on Oct. 31.

NY hemp producers want Cuomo to issue rules for extracts before temp regulations expire is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs



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CBD News: ‘No one seems to want to move on it:’ Q&A with attorney David Kastin on the future of CBD regulations

Hemp Industry Daily recently caught up with Clever Leaves' David Kastin, who formerly advised CBD retailer The Vitamin Shoppe, to find out how he navigated legal uncertainty to bring CBD to retail shelves and get his predictions on when CBD questions will be resolved.

‘No one seems to want to move on it:’ Q&A with attorney David Kastin on the future of CBD regulations is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs



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CBD News: Iconic Playboy brand launches new CBD intimacy product line

American publishing icon Playboy has entered the CBD marketplace with a line of products that aims to enhance intimacy and sexual wellness.

Iconic Playboy brand launches new CBD intimacy product line is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs



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CBD News: As CBD virtual launches become new normal, cannabis industry players offer best practices

Looking to educate and innovate without in-person events, hemp and marijuana companies are turning to virtual platforms for everything from trade conferences and product launches to consumer education and staff training. Spaces that facilitate an exchange of ideas, opportunities for networking and customer engagement remain in demand, even as the world navigates the tumultuous conditions […]

As CBD virtual launches become new normal, cannabis industry players offer best practices is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs



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CBD News: UK investor says California CBD company lied to lure investment

A California CBD company is being sued by a British investment firm that argues it was duped into offering a nearly $1 million loan that the company has so far failed to pay back.

UK investor says California CBD company lied to lure investment is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs



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CBD News: Report: CBD could spark booming market in Canada if it’s legalized for health products

CBD has " significant potential for growth" in Canada if the government were to allow the cannabinoid in natural health products, a think-tank predicts.

Report: CBD could spark booming market in Canada if it’s legalized for health products is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs



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CTFO September 2020 Update

Below is the bulk of an email that I sent to my CTFO Team. I am only posting it here because some CFTO emails get blocked as spam and I have told my team to bookmark the My CTFO Team feed.

Changes at CTFO

In the webinar on Tuesday 25th August, CTFO announced some changes. You can watch the recording here. Below is a summary of the changes:

  1. 10% Discount for 10 Days for all New Members
    Previously, new members got 20% off everything, except business builder packs for 7 days and 10% off business builder packs for 30 days, once only. This has been changed to 10% off everything, including business builder packs (not called that anymore) for 10 days, as many times as they want to use it. Everyone who signed up before the announcement was given the discount for 10 days to make it fair, but that expired on September 3rd, 2020. I did email you twice to tell you and CTFO emailed everyone on their mailing list. If you didn't hear about the discount, please make sure this email address is on your whitelist and that you are opted in to receive CTFO emails.

  2. Business Builder Packs Change
    Business Builder Packs have been renamed to Deeply Discounted Packs and are available to customers as well as associates now. The fast start pay when you sell them has also changed. Watch the webinar or the new Advanced Compensation Plan Training video for details.

  3. New Checkout
    As you add items to your basket, it counts down how much more you need to spend, to trigger a discounted pack discount. It also displays the discount on every page, so you don't have to keep going to your basket to check. You can see a demo in the recording of the webinar.

  4. Advanced Compensation Plan Training
    CTFO have released a new Advanced Compensation Plan Training video. It's 30 minutes long, but I recommend finding the time to watch it because it is important to understand how you get paid, and make sure your associates also understand how they get paid. The video is a lot clearer than the PDF.


Top Posts:

Maximising Your CTFO Discounts


Since I wrote How to Make the Most of CTFO Discounts, the discount for new members has changed, so this is an updated post.  

CTFO occasionally offer seasonal discounts, which you will see posted on social media, but they permanently have three discount offers on that aren't well advertised. This post will help you maximize your discount, by choosing when and how to apply them.

  • 10% Off everything, for the first 10 days after joining (does not apply to autoship)
  • 5% autoship discount
  • Discounted packs (5/10/15%)

I'll start by explaining how 'Discounted Packs' work. This is the new name for business builder packs, but they are now available to customers as well as associates, although customers can't earn any commission, if they recommend them to someone else.

If an associate buys a pack, they are qualified to earn fast start pay, on top of the standard commission, on 7,14, or 21 levels, depending on which pack they buy, for life. Watch the Advanced Compensation Plan Training video from about 15 mins & 30 seconds in, to find out more.

To get a discounted pack, you add your choice of products to the pack and receive a discount of 5-15%, depending on how much you spend. 
  • Spend $349.00 more to create a Silver Discounted Pack and receive a 5%. 
  • Spend $699.00 more to create a Gold Discounted Pack and receive a 10% discount. 
  • Spend $1,199.00 more to create a Platinum Discounted Pack and receive a 15% discount. 
You can add any products to your discounted pack, including bundles. I recommend adding bundles to maximise your discount.

All CTFO CBD Oil drops come as single or triple packs and the triple packs work out cheaper. Here are the single and triple pack prices:

Oil

Single Pack Price

Triple Pack Price

Cost per triple pack bottle

Full Spectrum CBD Oil Drops - 300mg300mgFull Spectrum CBD Oil Drops - 300mgFull Spectrum CBD Oil Drops - 300mgFull Spectrum CBD Oil Drops - 300mgFull Spectrum CBD Oil Drops - 300mg

$49.97

$129.97

$43.32

500mg

$59.97

$149.97

$49.99

750mg

$69.97

$169.97

$56.66

1500mg

$99.97

$249.97

$83.32

10xPURE™ 500mg

$99.97

$249.97

$83.32

10xPURE™ 1500mg

$159.97

$399.97

$133.32

10xPURE™-GOLD Super 1000

$119.97

$299.97

$99.99


They also sell packages of other products. For example, the Immune Essentials Combo Pack is $59.97 and contains 10xPURE™ Ultimate Multi-Vitamin & Mineral Supplement and Super7™, both of which are $49.97 each individually, but work out at $29.99 each, when bought as part of the pack.

If you add a package or triple pack to a discounted pack, the 'discounted pack' discount is applied on top of the already discounted price, so it works out a lot cheaper than adding the individual product. 

Lets take the best selling 10xPURE™-GOLD Super 1000 as an example. As part of a 'discounted pack' it is $113.97/$107.97/$101.97, depending on the pack, individually, but as part of a triple pack, this comes down to $94.99/$89.97/$84.99.

This is my recommended order for using your discount:

  1. Buy a discounted pack within the first 10 days of signing up.
    The packs normally come with 5,10 or 15% discount, but in the first 10 days, this is increased to 15, 20 or 25%. This is the cheapest you will ever get the products. CTFO never offer discounts over 15%, outside of the first 10 days. If you are an associate, this has the added bonus of qualifying you for Matrix pay for 30 days and Discounted Pack Fast Start Pay for life.
  2. Set up autoship.
    If you are an associate, set up your autoship at the same time as ordering your business builder pack, for a product worth $49.97* ($47.47 with autoship discount), but set it to start in 30 days. That way you will always be qualified for Matrix pay and always get 5% discount.
    If you are a customer, once you're ready to order more products, if you are going to spend less than $349, set up autoship. This will give you a 5% discount and ensure you never run out.
I am recommending the discounted pack first, because the extra 10% discount, in the first 10 days, does not apply to autoship orders. It makes sense to use your extra 10%, on the discounted pack, while you can and then use the 5% autoship discount later.


*Spending $47.47 every 30 days, keeps you qualified. Download the full compensation plan from this page, to find out more about qualification. Example $49.97 ($47.47 with autoship) products are:


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CBD News: Delaware State wins National Science Foundation hemp grant


Delaware State University has been awarded some $592,000 in a three-year grant from the National Science Foundation to work with undergraduates on developing new applications for hemp.

Delaware State wins National Science Foundation hemp grant is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs



From Delaware State wins National Science Foundation hemp grant on CBD Products & CBD Business News – Hemp Industry Daily.

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CBD News: Australian authorities back OTC sales of CBD

Regulators at Australia's Ministry of Health are one step closer to allowing over-the-counter sales of cannabidiol products.

Australian authorities back OTC sales of CBD is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs



From Australian authorities back OTC sales of CBD on CBD Products & CBD Business News – Hemp Industry Daily.

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CBD News: BevCanna acquires online natural-products retailer for $4.6 million

BevCanna, a white-label CBD drinks maker in Vancouver, British Columbia, has acquired an e-commerce company in an all-stock deal worth $4.6 million (CA$6 million).

BevCanna acquires online natural-products retailer for $4.6 million is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs



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CBD News: Hemp industry worries DEA rule puts extractors at risk, but path forward unclear

U.S. hemp producers are alarmed about a Drug Enforcement Administration rule that they argue would make extracts a Schedule 1 controlled substance during a portion of the extraction process when the plant’s THC levels spike above what’s allowed. The rule released last month has the industry reeling and wondering what steps to take to ensure […]

Hemp industry worries DEA rule puts extractors at risk, but path forward unclear is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs



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CBD News: Eleven hemp groups lay out argument for crop’s exemption from U.N. narcotics conventions

Eleven hemp groups from around the world have published a position paper to reiterate their stance that cannabis grown for industrial purposes does not fall under the scope of the U.N. narcotics conventions. The paper  argues that the cultivation of hemp for industrial purposes does not fall under the purview of the Single Convention on […]

Eleven hemp groups lay out argument for crop’s exemption from U.N. narcotics conventions is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs



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CBD News: Ohio agriculture officials issue warning to CBD company making unlicensed products

An Ohio CBD company has been cited with a public health warning for making products without a state license.

Ohio agriculture officials issue warning to CBD company making unlicensed products is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs



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CBD News: CBD makers share how to use packaging to fight fakes

To combat bogus packaging, many cannabis companies are turning to technologies such as radio frequency identification (RFID) tags and tamper-proof holograms and incorporating them into their packaging.

CBD makers share how to use packaging to fight fakes is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs



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CBD News: Exclusive: Smokable hemp market worth up to $80 million for 2020, with five-fold growth predicted

Hemp operators say smokable hemp is one of the fastest-growing and most lucrative segments in the nascent hemp and CBD industry – and market analysts agree, with expectations that the market will experience five-fold growth in the next five years.

Exclusive: Smokable hemp market worth up to $80 million for 2020, with five-fold growth predicted is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs



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CBD News: German hemp wholesaler sues city of Düsseldorf over CBD sales ban

Hempro International, a producer and wholesaler of hemp-derived food, clothing, accessories and cosmetics in western Germany, has filed suit against the city of Düsseldorf for its ban on the sale of hemp-derived CBD food products. The city of Düsseldorf published an announcement in July in its official gazette prohibiting the sale of cannabidiol-containing foods anywhere […]

German hemp wholesaler sues city of Düsseldorf over CBD sales ban is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs



From German hemp wholesaler sues city of Düsseldorf over CBD sales ban on CBD Products & CBD Business News – Hemp Industry Daily.

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CBD News: California bill to allow hemp CBD-infused products fails

A California proposal to allow hemp extracts in food and beverages has again failed amid broad disagreement on how to allow cannabinoids outside licensed marijuana retailers. The bill would have also set testing and labeling requirements for safety, and to ensure products don’t exceed 0.3% THC levels. But California legislative leaders did not schedule the […]

California bill to allow hemp CBD-infused products fails is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs



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Getting Started with Social Media

After signing up to CTFO, you will probably want to promote it on social media. It's best not to use your personal account, because there's a small risk of getting your account banned for spam. Also, you don't want to constantly bombard your friends and family, who aren't interested, with CBD posts.

That doesn't mean you shouldn't post on your personal account, but keep it to the bare minimum - one when you first start, another one a few months later, not daily, or even weekly. People buy from people they trust, so your friends and family are more likely to buy than random strangers who follow you on social media, but speak to them in person, don't bombard them with social media posts. 

A good way to get started, is to follow your enroller and use them for inspiration. If that's me, you can find me on InstagramFacebook and Twitter.

Below are the steps I recommend you follow to get started
  1. Check knowem to see if your CTFO username is available on Facebook Twitter and Instagram
     - If it's not, consider changing it to something that is - don't do this if you have already posted loads of links to it.
     - If it's not available and you have already posted lots of links to it, choose something else, preferably related. It needs to be available on all three. 
  2. Register for Twitter and Instagram with your CTFO username (or the alternative from above). 
  3. Switch the Instagram account to a business account.
  4. Login to Facebook and create a Facebook business page, with your CTFO username as the URL.
  5. Link your Facebook, Twitter and Instagram accounts.
  6. Follow my Instagram and Twitter accounts and like my Facebook page (as your page), if you are in my team. DM me to let me know, so I can link to you.
  7. Follow CTFO on Instagram and Twitter.
  8. Find other CBD, Health or Beauty accounts to follow - start with about 10.
  9. Post this photo to your new Instagram and say something like "Check out my new #CBD, #Health and #Beauty business at https://[USERNAME].myctfo.com. DM me for 20% off your first order." Optional: If you are in my team, tag @HempCBDbusiness in your post and I will like it. Tick to post to your  new Twitter and Facebook page at the same time. 
  10. On your personal Instagram & Twitter accounts, post the same picture with something like "I've just set up my own #CBD, #Health and #Beauty business with @HempCBDbusiness. Check out https://[USERNAME].myctfo.com and let me know what you think! Follow my new account, @[USERNAME] for more details." Remove the with @HempCBDbusiness bit, if you are not in my team. 
  11. You can't automate Instagram, so try to post daily and alternate between CTFO posts (products or the business opportunity) and generic CBD or inspirational quote posts. Make sure you tick to post to Twitter and Facebook at the same time. 
  12. If you're technically minded, you can use IFTTT to automatically post to Facebook and Twitter every time you post to Instagram.

  13. If you are in my team, email or DM me and I will send you some starter images. They all have space for your URL. For example, these are an image I posted myself and the generic one I have created, for my team to add their URLs to. You can also source images yourself, using this guide.
  14. Follow other related accounts, like other related posts. When people like or follow, follow them. Keep an eye on your followers and unfollow those who aren't following you back, every couple of weeks. You can look like a spam account if you have significantly more, or less followers than you are following, so try to keep the numbers around the same. 
  15. The best types of product posts are the personal ones. Try the products and post photos of you will them. Give your honest opinion. If you post a picture of a product you haven't tried, don't lie and say it's great, when you can't possibly know that. Just say something generic. Don't forget to include hastags in every post (e.g. #CBD)
Be patient, it will take time to build up a following. You can boost your followers initially, but bare in mind the warning on this post

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