Posts Tagged ‘CBD’

Congress Backs Farm Bill; Hemp Production Legalized

US Capital

Good news for direct sellers looking to jump on the CBD bandwagon: Congress has backed the $867B Farm Bill, which legalizes the production of hemp. The House voted 386-47 in favor of the bill following an 87-13 thumbs up in the Senate the day before. The bill includes provisions that remove industrial hemp from the Controlled…

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Kannaway’s Parent Company Reports Largest Revenue Month in Company History

Medical Marijuana, Inc. (OTC: MJNA), the first publicly traded cannabis company in the U.S., announced November as the largest-ever (unaudited) sales month in its history. Subsidiaries Kannaway® and Phyto Animal Health have also booked their largest-ever (unaudited) sales month in their history in November of 2018. The company has also reached major milestones in its business operations. “We are proud to announce…

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A Modern-Day Gold Rush?

Marijuana’s misunderstood sister hemp is projected to be a $22 billion market by 2020, but can it overcome the social stigma and federal regulations that threaten to hold it back? It’s been called the gateway crop. Thanks to its stalks topped with five leaves, hemp shares the same signature look as its intoxicating relative, the marijuana…

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CBD’s Current And Future Impact On Our Channel

DSN Logo Advancement

If you haven’t heard about it yet, where have you been? I’m talking about Cannabidiol, or CBD, the ingredient being credited with a growing list of health benefits and, as a result, is rapidly transforming much of the consumer product landscape. Both Dr. Sanjay Gupta and Dr. Mehmet Oz are just a few mainstream medical professionals…

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Public Companies Faring Well Through First 3 Quarters of 2018

Wall Street

U.S public direct selling companies are enjoying a profitable year through the first nine months of 2018. Four billion-dollar companies—Herbalife Nutrition (up 11%), Nu Skin (up 23.7%), Primerica (up 13%) and USANA (up 14.9%)—are on track to surpass net sales from 2017. The other billion-dollar US company, Tupperware, is experiencing lower than usual sales for…

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Kannaway Holds European Grand Opening

Kannaway Logo

Medical Marijuana, Inc. recently announced that its subsidiary Kannaway held its official European Grand Opening in Prague on Nov. 17-18. Kannaway, the first hemp lifestyle network to offer cannabidiol (CBD) hemp botanical products, will also launch several new hemp and CBD hemp oil products at the event, further broadening its product line offerings in Europe. “There is great opportunity for us…

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CBD: Elixir for an Anxious Population?

CBD Oil cannabidiol

Talk of cannabidiol (CBD) seems to be everywhere nowadays, including in direct selling circles. It is being touted as a magical elixir in mainstream media. In January, actress Mandy Moore said she was experimenting with CBD oil to relieve the pain from wearing high heels. In July, music legend Willie Nelson introduced a line of…

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CBD Symposium to Feature Youngevity CEO Steve Wallach

CBD

Youngevity CEO Steve Wallach will be a featured speaker at upcoming CBD Symposium, hosted by SUCCESS Partners and Direct Selling News. “Unquestionably, CBD has become the hottest topic in the direct-selling channel, and this event presents a prime opportunity for sharing information about CBD and how best to utilize the direct-selling business model in offering this…

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Direct Selling Leads Global Market in Sales of CBD Products

DSN Logo Advancement

Direct selling companies will sell $300 million worth of cannabidiol-related products in 2018, making direct selling the largest channel of distribution for the rapidly growing CBD product sector. “Interest in cannabidiol, or CBD, is rapidly transforming the consumer product landscape,” says Todd Eliason, publisher and editor in chief of Direct Selling News (DSN), which conducted the research.…

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An Historic Day: Canada Is 2nd Country to Legalize Recreational Cannabis

Canada Legalize Recreational Cannabis

Canada’s legalization of recreational cannabis may likely put more pressure on the US to pass the 2018 Farm Bill, which would help to grow be a boon to the CBD market—thus allowing direct selling companies to sell cannabis products for both medical and recreational purposes. At the stroke of midnight, Canada became the second country…

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