Is hempSMART a Scam or a Legit CBD Company?
Do you want to join hempSMART as an associate but you're wondering if this is a scam?
Then fear not because we're here to review hempSMART for you.
You'll learn about hempSMART's background, its products, and its compensation plan.
More importantly, you'll know whether it is a scam or not.
Price to join: $49 (membership only and products not included)
Do I recommend? No
Summary: hempSMART is one of the newest companies to enter the CBD market. It offers cannabidiol-rich products, such as CBD oil/tinctures, creams, capsules, and more.
Its parent company is Marijuana Company of America, and it is based in Escondido, California. Apart from America, it also sells CBD products in the United Kingdom and the Netherlands.
hempSMART sells directly to consumers but also uses an MLM business model. If you're looking to become an affiliate, make sure to read this review first to know whether you should invest your money or your time with this company.
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What is hempSMART?
hempSMART is one of the subsidiaries of Marijuana Company of America (MCOA), a publicly traded company based out Escondido, California. Apart from California, Marijuana Company of America also has an office in the English city of Manchester.
It offers various CBD-based nutritional supplements, topical creams, and more. The company is one of the newest entrants in the cannabis market, but what sets it apart is its multi-level marketing program.
CEO Donald Steinberg is at the helm of hempSMART, while Ian Harvey serves as hempSMART's Global Sales Director. Dianna Steinberg, on the other hand, was appointed as the head of the company's product development.
hempSMART's products include CBD drops, CBD oil in capsules, CBD-based topicals, and more. The company also offers so-called Business Development Packs for affiliates.
The company is headquartered in the United States, but the products are available in the United Kingdom. Additionally, hempSMART products are available and can be purchased in the Netherlands.
Unlike other CBD sellers that only offer products at retail prices, hempSMART products are available at special wholesale prices for members or affiliates. These products can then be sold by affiliates at retail prices to customers.
Apart from selling hempSMART products, affiliates can also enroll new team members and build their downline (more on this later).
Is hempSMART a Pyramid Scheme?
hempSMART is not a pyramid scheme.
It is a legitimate brand that is held by the publicly traded Marijuana Corporation of America. The company sells CBD-rich products that are extracted from a cannabis plant called hemp.
It has, however, a multi-level marketing business model, so that can be problematic for many people.
There are businesses that have succeeded in using the MLM business model, but they are few and far between. hempSMART is still a newbie in this market, so perhaps there's a good chance that it will achieve success later on. But if you're looking for a company that has been in the business for a long time and you want to make sure that it is profitable, then hempSMART might not be the best choice.
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How Much To Join hempSMART?
If you want to be an affiliate, you need to pay $49 for a hempSMART™ $49 Associate Registration Pack. With this basic pack, hempSmart associates can buy products at 15% off and sell them at retail price. This also entitles associates to sponsor prospective members.
Moreover, associates are qualified to reap rewards and compensation. They will have their own replicated hempSMART website and e-commerce store where customers can order. It has its own online back office.
hempSMART associates will receive free business training, as well as access to the company's app and resource library. Company associates will also receive special offers, plus dedicated support. This package, however, does not come with any hempSMART products.
Now, if you want to sample some hempSMART products and become an associate at the same time, you can check out the hempSMART™ 250mg Fast Track Registration Pack. Apart from the registration fee, this pack includes one hempSMART™ 250 mg Full Spectrum Mint Drops and a hempSMART™ 250 mg Full Spectrum Strawberry Drops. This pack costs $99.
hempSMART also offers 500mg Fast Track Registration Pack. Available at $129, this pack includes the a bottle of Full Spectrum Mint Drops (500 mg) and a bottle of hempSMART™ and a bottle of Full Spectrum Strawberry Drops (500 mg).
What Is hempSMART's Compensation Plan?
There are five ways qualified affiliates can earn money with hempSMART.
But before we begin, let's break down some of the terms of the compensation plan so we can better understand it.
* Fast Start Bonus
Members who have qualified as basic qualified associates or premium qualified associate can get the Fast Start Bonus. Basic qualified associates must generate 200 personal point volume (PPV) within one month or enrolled with a Basic Registration Pack valued at $179 to get the Fast Start Bonus. Associates are eligible to receive 25% bonus on all products sold on the first level of the downline.
If you have generated 300 PPV with one month or enrolled with a Premium Registration Pack valued at $279, then you can become a premium qualified associate. The associate can receive a 25% bonus on all products sold on the first level, and another 12.5% on the second level. The Fast Start Bonus is paid weekly.
* Customer Prosperity Bonus
The Customer Prosperity Bonus was created to reward associates for increased retail volume.
* Leadership Prosperity Bonus
According to hempSMART, this bonus is a percent override of the total volume on each level up to 7 levels. The bonus is measured using each hempSMART product's point value and paid on the commissionable value.
This is awarded to associates who personally enroll two other associates within seven days of joining the company. This bonus is paid every week. Only Active Associates, Managers, VIP Leaders, Bronze, Silver, Gold, and Platinum associates are qualified to earn this bonus.
* Leadership Advancement Bonus
Associates who advance the ranks receive a bonus as a reward. This is also an incentive to motivate them to advance to the next rank.
* Leadership Matching Bonus
Help your team members of up to the fourth level earn more and achieve success to get the leadership matching bonus.
Check out another version of the compensation plan here.
What Products Does hempSMART Offer?
hempSMART offers several CBD-based products. Check them out below to learn more.
* hempSMART™ Full Spectrum Drops
This product contains CBD-rich hemp oil, d-limonene, coconut oil, beta-caryophyllene, and natural stevia extract. It boasts of a high concentration of phytocannabinoid-rich full spectrum CBD so you can benefit from a mechanism called the entourage effect.
CBD is extracted from high-quality industrial hemp and is easily absorbed by the body. Customers can choose from 250 mg and 500 mg of CBD content. The CBD oil is stored in a sleek and elegant bottle with an elegant label. It comes with a dropper so consumers can take the CBD easily via sublingual delivery.
This product is available in different flavors, such as lemon, mint, orange, and strawberry. If you want to save money on retail price, you can also purchase the 4-pack bundle.
* hempSMART™ Brain
The hempSMART™ Brain is formulated to improve brain health and function. According to the company, it can also improve your focus and memory. Each capsule contains 10 mg of water-soluble CBD powder. Each bottle of this product has 60 capsules. The recommended dosage is 2 capsules each day.
Apart from CBD, it also contains astaxanthin, alpha-glyceryl phosphoryl choline, Vitamin B12, and BioPerine. It also has green tea extract, fulvic acid complex, and turmeric concentrate.
Each 60-count bottle costs $83.
* hempSMART™ CBD-Infused Moisturizer
CBD is not just taken sublingually or orally. This versatile chemical compound can also be applied onto the skin to reduce inflammation and soothe it. This CBD-infused moisturizer contains full spectrum hemp extract. It also hydrates and rejuvenates the skin.
Apart from CBD, it contains ceramides and omega 3, 6, 7 and 9. Some of its ingredients include rosehip seed oil, turmeric oil, coconut oil, pomegranate seed oil, and more. The moisturizer is available in a 30-ml bottle and 10-bottle travel pack.
* hempSMART™ Pain
CBD is great for reducing inflammation and pain. That's why hempSMART™ has come up with its own CBD-rich capsule formulated especially to reduce pain. This full spectrum supplement contains not only CBD but also CBD and other terpenes extracted from hemp. This is ideal for minor pain resulting from physical activity.
The hempSMART™ Pain also contains turmacin, Boswellia serrata extract, cucumber extract, and Bioperine. With hempSMART™'s proprietary ayurvedic blend for additional nutrition.
Each bottle of hempSMART™ Pain has 90 capsules and costs $83. hempSMART™ recommends that you take 3 capsules per day.
* hempSMART™ Pain Cream
The hempSMART™ Pain Cream contains full spectrum hemp extract. This cream is formulated to zero in on aching joints and muscles and soothe them with the help of CBD, CBG, and terpenes extracted from the hemp plant.
This cream contains soothing menthol, wintergreen extract, cayenne pepper, ginger, aloe, and more. The cream is stored in a convenient pump bottle.
But if you want to sell more or your customers are the types of people who travel frequently, then the hempSMART™ Pain Cream Travel Size Pack is a great choice. The cream is stored in a compact plastic container that can be hand-carried or stowed neatly inside a suitcase. Available in 6 and 12-packs.
* hempSMART™ Full Spectrum Pet Drops
Humans are not the only ones who will benefit from CBD, that's why hempSMART has come with its own Full Spectrum Pet Drops. It contains CBD-rich hemp extract, hemp seed oil, and fractionated coconut oil. With bacon flavoring to make the oil more delicious to dogs and cats.
* hempSMART™ Business Development Pack
Jumpstart your business with the hempSMART™ Business Development Pack. It contains all the products you need to start your CBD business. This bundle costs a whopping $899.
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What I Like About hempSMART?
* Wide selection of CBD-based products available
Although hempSMART is one of the newest entrants to the CBD market, it already has a wide array of products available.
There are the CBD drops that are available in two different potencies and four different flavors.
Then there's the nootropic hempSMART™ Brain, which is one of the company's most unique products.
When it comes to topicals, there' the CBD-infused face moisturizer and hempSMART's own pain cream.
hempSMART also addresses the needs of our pets with its Pet Drops. Plus, it has a full spectrum formulation so your dog or cat gets the benefits of good cannabinoids and terpenes minus the intoxicating effects of the cannabinoid tetrahydrocannabinol (THC).
* Multiple registration options
Unlike other companies with this kind of business model, hempSMART allows members to register as affiliates only and they are not forced to buy products at the onset. The product packs are optional and can be purchased at a higher price. The registration fee is also reasonable, so would-be entrepreneurs can easily afford it.
* Easy to enroll as an affiliate online
hempSMART has a neat and easy to navigate website that allows prospective affiliates to register online. The registration options are neatly laid out where affiliates can easily peruse them.
In contrast to other companies, hempSMART offer a replicated website and e-commerce store to its distributors, as well as all the resources and training they need to achieve success.
What I Don't Like About hempSMART?
* CBD's legal status
CBD (cannabidiol) is a chemical compound extracted from hemp, a type of cannabis plant. This compound has the power to reduce inflammation, soothe pain, and a host of other health benefits.
Although a lot has been done to erase the stigma surrounding cannabis and cannabinoids, CBD's status as a legal substance is still in limbo in the federal level and in some states.
Because of the regulation surrounding cannabis, there are states where you should practice extreme prudence when it comes to selling CBD oil. Before signing up to become a hempSMART affiliate, it's best to make sure to check the regulations in your state. Better safe than sorry.
* hempSMART doesn't have an income disclosure statement yet
There's a lot of advantages to being one of the pioneer affiliates of a new company, but there are also some disadvantages. hempSMART is still a newbie in the CBD and MLM arenas and it has not released an income disclosure statement, so nobody really knows if the company is doing well or not.
* CBD market is already crowded
The CBD niche, just like any health and wellness market, is profitable. But it is also already crowded and it might be hard for distributors to break into it especially if there are a lot of competitors who are also selling the same CBD oils and capsules.
If you really want to become a distributor for hempSMART, it's best to have in-depth knowledge about the products you're selling so you can make a good first impression to your customers.
Is hempSMART a Scam?
No, hempSMART is not a scam. hempSMART is one of the newest companies to venture into the CBD market. It is one of the brands owned by Marijuana Corporation of America and is headquartered in the city of Escondido, California.
The company offers a wide selection of CBD-rich hemp extracts, such as CBD drops, CBD-rich capsules, creams, and CBD drops for pets. Customers can buy these products at retail prices online, but they can also become hempSMART direct sellers who can purchase the products at wholesale prices.
Apart from selling directly to customers, hempSMART has an MLM business model and encourages interested individuals to become the company's affiliates. But if you think it will be easy to break into this market and make a lot of money, then it's best to take that enthusiasm down a notch and be realistic.
There's no doubt that the health and wellness market is already crowded, so if you want to become a hempSMART affiliate, you'll need to outwit your competitors and think of many ways to make your products stand out. hempSMART is not a scam and it's not impossible to make money by selling CBD. But if you're up to your ears in debt and you need quick cash, then this is not the way to go.
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