Is HempSMART A Scam? Nope, However…

hempsmart

Welcome to my HempSMART review.

So, is HempSMART a scam? Not at all. They have a legit business opportunity. But with that said not all homebased business opportunities are created equal.

So today I’m going to take a look at what they have to offer. From their products to the business opportunity itself and everything in between.

And by the time you’re done reading my review you’ll have more than enough information where you can make an informed decision as to whether or not this is the right opportunity for you.

Now, as it is with any review I do, I’m simply here to show you the pros and cons of HempSMART and give you my personal opinion. What you decide to do after reading my review is up to you.

And with that said, let me first say, good on you for taking the time to do your own research before getting involved with any business opportunity. That alone tells me your serious about finding a legitimate way to make money online.

Disclaimer: I am not a member or an affiliate of HempSMART. All the information researched for this review is available online within the public domain. This review is my personal opinion and any recommendations/conclusions are my own which you may or may not agree with. What you decide to do after reading my review is up to you. You can see the full disclaimer here for more info.

Alright, let’s see what HempSMART has to offer you.

Ok, So Who Is HempSMART?

HempSMART is a multilevel marketing company that offers a homebased business opportunity to whomever is interested. The company markets a verity of CBD products such as pain cream, beauty products, drops and men’s products.

The company was founded in 2019 and is subsidiary of the Marijuana Company of America, Inc. (MCOA) which was started in 1985 and is headquartered in Escondido, California. MCOA is also a NASDAQ listed company.

Jesus Quintero is the current CEO of the company and Gloria Albarran Lynch is the Global Marketing and Sales Manager.

The Products

hempsmart products

As I mentioned hempSMART markets a verity of CBD infused prodcuts. Now if you’re not clear on what CBD is. CBD is Cannabidoil which is a chemical compound found in the marijuana plant.

Now Cannabidoil cannot get you high. But it has become a great option for people that are looking for an alternative to pharmaceutical drugs looking for pain relief, the reduction with anxiety and depression and its role in treating other health issues.

When you get to their website, you’ll find the products they have available are listed under the following categories:

Comfort

  • Here you will only find 1 product. It’s their hempSMART Pain Cream which is designed to help soothe sore, aching muscles, and joints. $69.00.

General

  • Here you find green tea ($24.00), pain cream travel packs ($20 to $149.00), CBD drink mix ($107.00), and drops ($75.00).

Beauty

  • Face Moisturizer – $30.00
  • Body which is designed to help rejuvenate your skin – $30.00.

You can also buy these products in packs.

Health

  • Here you will find their broad spectrum CBD drops in strawberry, mint, orange, and lemon flavors. $60.00.

Drops

  • Here you’ll find pain cream and drop packs for $75.00.

Men’s Essentials

  • 2021 Rejuvenation Pack – this is their men’s facial moisturizer. You get 4 one ounce bottles for $50.00.
  • Body Pack – this is designed to help replenish, restore & rejuvenate skin. You get 4 one ounce bottles for $65.00.

What’s The Cost To Get Started With HempSMART?

To get started with hempSMART it’s going to cost you $49.00 for an Associate Registration Pack. This is an annual fee. And once you’re registered you can now purchase products at a 15% discount.

You’ll also get a replicated e-commerce website where you can send people to buy products online. As well as access to your online back office.

This registration pack comes with no product. However, at the time of registration you do have a few Fast Track Registration Packages available:

Fast Track Registration Pack (250 mg) for $99

  • With this you get a two 250mg bottles of full spectrum CBD drops

Fast Track Registration Pack (500 mg) for $129

  • With this you get a two 500mg bottles of full spectrum CBD drops

Note: You will need the ID of the person that introduced you to this business opportunity to register.

How Do You Make Money With HempSMART?

With hempSMART you have 5 different ways you can earn. Now with that said this is a little misleading. When it comes to a MLM compensation plan, once you boil it down there are only 2 ways of making money.

First is by simply selling (retailing) the products. The other way is by recruiting people into your business, thus allowing you to climb the ranks of the compensation plan and earn the bonuses at each one of those ranks.

Their compensation plan is pretty straight forward. In fact, it’s only 1 page. Which is refreshing because I’ve seen some compensation plans over 30 pages long.

Ok let’s look at these 5 ways:

1 – Retail Bonus

Depending on what rank you’re at within the compensation plan you can receive between a 10% to 30% discount off your product purchase.

2 – Personal Profit

This is an upline reward. And it’s the difference between the discount level of the associate and the purchaser, as long as the associate’s discount level is less than 30%.

3 – Downline Commissions

The hempSMART compensation plan is a Unilevel plan. And with this type of structure there is only 1 business level and all the people you sponsor are place directly on your first level.

And the commissions you earn depends on what level you’re at in the compensation plan. And these commissions are based on the monthly total team volume.

So, the bigger your team and the higher your rank, the bigger your commissions.

Hempsmart Downline Commissions

4 – Leadership Bonus

Personally enroll 2 Active Associates within 7 days of joining hempSMART and earn a $250 bonus. Do this within 14 days and earn $150.

5 – Pacesetter Bonus

This bonus is paid to active associate who have a minimum of 5 new SmartShip customers. This bonus pays $100 in cash or $250 in hempBUCKS and is paid monthly. And you can earn this bonus multiple times within a month.

Here’s the 9 ranks that are within their compensation plan.

  1. Customer
  2. Associate
  3. Active Associate
  4. Manager
  5. VIP Leader
  6. Bronze VIP
  7. Silver VIP
  8. Gold VIP
  9. Platinum VIP

You can see their compensation plan by clicking here.

Can You Expect To Make Money With HempSMART?

Because hempSMART does not provide you with an income disclosure statement showing you the average earnings of their associates over the course of a year.

It’s impossible for you to make an informed decision based on facts and figures.

However, with that said because this is a multilevel marketing business model the truth of the matter is the chances of you making any significant money with this business is very low.

In fact, between 90 and 99% of people that get involved with multilevel marketing will only make a couple hundred dollars in commissions per year. Source: jobsinmarketing

A far cry from the life-changing money multilevel marketing companies say you can make through their business opportunity.

Who Is HempSMART For?

If you’re an experienced and seasoned network marketer and have no problem constantly recruiting new members into your business and train those members to do exactly what you’re doing.

Then yes, this may be the business opportunity for you.

However if you’re new to MLM and have no experience in network marketing you’re going to find it extremely difficult to find success.

What I Like About HempSMART

#1) Solid Company

HempSMART is a subsidiary of MCOA (Marijuana Company of America) a publicly traded company that’s been in business since 1985.

So, if you do decide to get involved with hempSMART you know they are backed by a financially stable and strong company that’s going to be around for many more years to come.

#2) Growing Market

The CBD market is growing by leaps and bounds and it not slowing down anytime soon. And because of this growth it’s estimated that this market is expected to reach 123.2 Billion (USD) by 2027. Source: globenewswire.com.

#3) Low Startup

At only $49.00 getting started with hempSMART is very low compared to other multilevel marketing companies that ask for hundreds or even thousands of dollars to get going.

#4) Legitimate Opportunity

HempSMART is offering a legitimate home-based business opportunity to whomever is interested.

What I Didn’t Like About HempSMART

#1) No Income Disclosure Statement

Without an income disclosure statement showing you the average earnings of affiliates over the course of a year working with hempSMART.

It’s impossible to make an informed decision as to whether or not this is going to be a viable business opportunity. Hopefully, they’ll provide an income disclosure statement in the future.

#2) Low Success Rate

When it comes to the success rate within multilevel marketing it is notoriously low. Only 3% of people that get involved in multilevel marketing will make over $25,000 per year. Source: jobsinmarketing

But a more frightening statistic is that 99% of people that get involved in multilevel marketing will lose money. Source: FTC – Consumer Awareness Institute

So, the reality is, the chances of making any decent income through multilevel marketing is pretty slim.

#3) Recruiting

As with any multilevel marketing company you can make money just retailing the products. But in order to be eligible for those higher commissions and bonuses within their compensation plan you’re going to have to recruit people into your business.

And you’ll find that recruiting never stops because over 50% of the people that you do recruit are going to quit within the 1st year.

In an AARP study the top 3 reasons why people quit the MLM company that they were with was:

  1. They found it awkward pitching to family and friends.
  2. Not making as much money as expected.
  3. And not liking having to sell all the time.

#4) Effectiveness Of CBD

Even though the demand for CBD is growing each year their effectiveness is still in question.

The only CBD product that has been approved by the FDA is a prescription oil called Epidiolex which treats 2 different types of epilepsy.

And because other CBD product have not been approved by the FDA. This means the manufacturers of these CBD products do not have to prove their safety or their effectiveness.

So, this becomes a buyer beware situation where companies can claim that CBD can be used as treatment for a wide range of conditions.

Also, CBD does carry some risks because it can cause side effects such as a dry mouth, diarrhea, drowsiness, and reduced appetite. And it also can interact with any other medication that you’re taking.

So if you do plan on taking these types of products make sure you talk to your doctor first.

#5) CBD Is Controversial

The vast majority of people have a limited understanding about CBD because the product comes from the marijuana plant, and because of that they think it has the psychoactive ingredient THC which is the chemical that gets you high.

My Final Opinion Of HempSMART

The CBD market is booming and it’s just going to get bigger and bigger, so from business opportunity it’s great.

And I have no issue with CBD, I see the help it can provide people as well as a good alternative to pharmaceutical drugs.

The issue I have is the business model hempSMART is using – and that’s MLM.

While it’s great for the company it’s a disaster for the associates who join.

The opportunity for real success is not there. There are too many hoops you need to jump through to make money.

With biggest one being constantly having to recruit people so you can build your business and climb the ranks of their compensation plan in order to have shot at a real income.

Unless you’re an experienced network marketer that can sell and recruit a huge amount of people, I would avoid getting involved with hempSMART.

But don’t worry you’re not missing out on this growth market.

You don’t have to join an MLM to make money in the CBD market.

You can be in this market as an affiliate marketer.

There are plenty of CBD companies that have affiliate programs that are free to join and you can earn much better commissions.

For example, CBDPure has their affiliate program where you can earn a 40% commission promoting their products.

No ridiculous qualifications to meet. No recruiting people to make money. And you don’t have become a salesperson either.

And most importantly you’re in 100% control and ownership of your business. With an MLM you’re not.

If you want to learn how you can build a thriving online business in the CBD market as an affiliate marketer. Or around any interest, hobby, or passion. Then you definitely need to check out Wealthy Affiliate.

They have all the training, tools, resources, and one on one support for creating a thriving online affiliate marketing business.

And the great this is you can see everything wealthy affiliate has available for you absolutely free.

I hope you found this review helpful and I hope I answered any questions you may have had about hempSMART and its business opportunity.

Of course, if you have any questions or comments please feel free to leave them below and I’ll get back to you right away.

And if you did find this review helpful and enjoyed it please feel free to share it with your audience. And as always anytime you need a hand don’t hesitate Emailing Me anytime.

I believe in you!!
Leo

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