Kannaway claims to offer the world\u2019s leading hemp CBD oil products and a business opportunity that can help you grow your wealth. A closer look reveals a different story.\n\nCompany Name: Kannaway\nWebsite: kannaway.com\nProducts: Hemp Oil supplements and beauty products, plus an MLM Business Opportunity\nOwner: Medical Marijuana, Inc, CEO Blake Schroeder\nOpinion: Not Recommended.\nClick to Discover a Proven Path to Financial Independence!\nIs Kannaway a Scam?\nKannaway is a subsidiary of Medical Marijuana, Inc. based in an office park in San Diego, CA. The address for Kannaway links to the office of an accounting firm in San Diego. Kannaway does not have an office of its own.\n\nLike other companies in the CBD oil market, Kannaway is exploiting a common misunderstanding about cannabis and CBD oil. Early research indicates that cannabis, not CBD oil, may have some healing benefits.\n\nHowever, cannabis has over 400 compounds in it. CBD oil is just one of those 400 compounds. \u00a0Very little research has been done to determine which compounds are beneficial. There is no conclusive evidence that CBD oil is good for anything other than treating a rare form of epilepsy in children.\n\nMarketers like Kannaway want us to believe that the CBD oil has the same healing qualities of cannabis. Science does not support this assumption.\n\nThere is no reason to suggest that CBD oil offers any health benefit at all for most people beyond simple nutrition.\n\nThere is nothing magical about CBD oil. As far as we know, it\u2019s nothing more than vegetable oil made from the stems of hemp.\nA Product-Based Pyramid.\nOn the surface, Kannaway appears to be a multi-level marketing company that sells expensive Hemp CBD oil products. However, in my opinion, Kannaway is a product-based pyramid scheme. In a moment, I\u2019ll show you why I came to this conclusion.\n\nRead Why Affiliate Marketing is Better Than MLM\nSnake Oil.\nFirst, I want to show you that there is very little research into CBD oil. The common belief that it might be helpful is unfounded. CBD is not magic. It\u2019s not a cure-all. At best, hemp oil is a source of omega 3 fats and antioxidants. Good things for sure, but not magic.\n\nAlso, there is no way of knowing how much CBD oil is in the Kannaway products, if any. Many of the Kannaway products are oil blends.\n\nBottom line, you can\u2019t know if you are getting what you paid for or if it will do anything for you. The entire CBD oil industry is unregulated.\n\n\nExpensive Products.\nThe Kannaway products are insanely expensive, ranging from about $50 to over $400.\n\nGold Premium Oil Oral Applicator, which is said to be pure CBD oil costs $440.99 for \u00bd ounce!\n\nBefore you buy Kannaway\u2019s over-priced hemp oil products, you owe it to your self to first learn the market value of hemp oil. What is it worth, per ounce?\n\nAmazon sells 24 ounces of Nutriva pure Organic Cold-Pressed Unrefined Hemp Oil, that is certified by the Hemp Industries Association and a dozen other regulatory organizations, for $12.40. That\u2019s about 52 cents an ounce. If you want to try hemp oil, that would be the place to start.\n\nThe market value of high-quality, organic hemp oil is 52 cents an ounce. Kannaway is charging $880 an ounce!\nA Closer Look.\nFor sake of comparison, I\u2019ll focus on two products. Kannaway Premium Full Spectrum Liquid promoted as a blend of CBD oil and coconut oil. It sells for $175.99 for 4 ounces.\n\nThe other product I\u2019ll focus on is the Kannaway Premium Humulus Oil made from hops, not hemp. It sells for $187.99 for 4 ounces.\n\nOutrageously expensive products is a big clue that Kannaway is a product-based pyramid scheme.\nNo Independent Lab Tests.\nOn the Kannaway website, there is a page about \u201cThird Party Lab Tests.\u201d However, nowhere do they mention which lab did the testing.\n\nReal lab tests are certified by an independent lab, often by NSF and the test results are marked with a seal to prove the results are genuine. Also, anyone can contact the lab to check that the results are indeed genuine. Nothing like that appears on the Kannaway website.\nWhat is the benefit of CBD Oil?\nYou won\u2019t find a specific benefit of CBD oil mentioned anywhere on the Kannaway website. While the website does mention that Kannaway is \u201cscience-based,\u201d there is very little science to substantiate the claim that CBD is good for anything.\n\nAccording to WebMD, there is only one approved use for CBD oil and that is for a very specific, prescription formulation of the oil designed to treat a rare form of epilepsy in children. (Source)\n\nSome of the Kannaway products claim to promote homeostasis. Homeostasis means all the systems in the body are balanced. You don\u2019t need CBD oil for that. Food and water will do that just fine.\nKannaway Premium Humulus Oil.\nIt's Just Hops!\n\nSupposedly, through a proprietary method, Kannaway was able to extract CBD from hops. This method ensures a CBD oil that does not contain THC, that fun-loving compound that shows up in drug tests.\n\nKannaway markets Premium Humulus Oil to people who want the \u201cbenefits\u201d of CBD oil but can\u2019t risk failing a drug screening test. We still don\u2019t know what the \u201cbenefits\u201d of CBD oil are, but we do know that hops does not contain CBD, not even a little bit.\n\nDr. Ethan Russo, formerly the president of the International Cannabinoid Research Society and currently a senior medical advisor for GW Pharmaceuticals, said hops does not contain CBD. (Source)\n\nAlso, Jonathan Page, adjunct professor at University of British Columbia\u2019s Botany Dept said there has been no reported case of CBD being isolated from the hop plant in scientific literature. (Source)\n\nWhen you combine the statement of two notable scientists with the lack of a certified lab test about the contents of the Kannaway products, you must wonder if Kannaway is selling snake oil.\nUnderstanding a Product-Based Pyramid Scheme.\nTo understand a product-based pyramid scheme it\u2019s important to understand a pure pyramid scheme. A pure pyramid scheme promotes only a so-called business opportunity, a chance to make money. There are no products.\n\nMost countries outlaw pyramid schemes for a reason. They create nothing of value and they destroy people\u2019s finances.\nHow a Pure Pyramid Scheme Works.\nImagine a friend or a family member tells you about a great business opportunity you can join for a $100 up front and $100 a month.\n\nWhat\u2019s the opportunity? It\u2019s the chance to charge people $100 to join a business and $100 a month to stay in the business. When you join, you can then charge people $100 to join and $100 a month to stay.\n\nEach time your recruit a new person into the business, you keep some of the cash they pay and pass the rest up the organization to the top.\n\nA pure pyramid scheme is like a huge vacuum cleaner sucking the money out of the pockets of the people at the bottom and sending it up the organization to the few at the top.\n\nEventually, a pure pyramid will collapse when there is nobody left to recruit. By then, the people at the top have run off with the money.\nClick to Discover a Proven Path to Financial Independence!\nThe Product-Based Pyramid Scheme.\nIt won\u2019t surprise you to discover the difference between a pyramid scheme and a product-based pyramid scheme is a product, a very expensive product.\n\nTo make a pure pyramid scheme look legal, the schemers add a very expensive product. For example, charging $100 for magical oil that costs pennies.\n\nWhile the pure pyramid has no product and takes people\u2019s money to participate in a business opportunity, a product-based pyramid scheme offers a cheap product for a lot of money.\n\nThere is very little difference between making people pay $100 for a dubious business opportunity or paying $100 for a dubious business opportunity and magical oil that costs pennies.\n\nThe result is the same for both the pure pyramid and the product-based pyramid scheme, vast sums of money flow from the bottom to the top.\nA Dubious Business Opportunity.\nThe Kannaway business opportunity is part of the scheme. It\u2019s wrong on so many levels.\n\nIndustry-wide, very few people succeed with Multi-Level Marketing.\n\nJon M. Taylor, MBA, Ph.D., writing for the Consumer Awareness Institute and who\u2019s research is posted on the Federal Trade Commission\u2019s website, states that less than 1% of people who try MLM make money. According to Taylor\u2019s research 99% lose money.\nKannaway Brand Ambassadors.\nKannaway refers to their independent distributors as Brand Ambassadors. Brand Ambassadors are encouraged to build their own business as an entrepreneur and to build wealth as they help others build health and wealth by promoting Kannaway products.\n\nThat\u2019s a nice sales pitch, however, as a Brand Ambassador, you won\u2019t be building a business and you won\u2019t be an entrepreneur.\n\nYou\u2019ll a contracted, commission sales rep building the Kannaway sales force if you build anything at all.\nReality Check.\nIn reality, what will probably happen if you join Kannaway as a Brand Ambassador, is you will buy a ton of expensive Kannaway products and then quit.\n\nYou aren\u2019t really in business when you join Kannaway as a Brand Ambassador, you\u2019re a customer.\n\nThe whole business opportunity pitch was to convince you that you could make a lot of money with Kannaway. Otherwise, you probably would not pay $880 an ounce for oil you can get on Amazon for 50 cents an ounce.\nYou\u2019ll Only Lose Money.\nI respect your desire to improve your finances and perhaps one day be wealthy, or at least financially secure. That\u2019s an honorable goal and one I feel is achievable for most people.\n\nHowever, it is my heartfelt opinion that Kannaway will only cause you to lose money and may cause you to go into debt.\n\nThe MLM industry chews people up in massive numbers and spits them out. Don't be one of them. To learn more about MLMs, read The Heartbreak of MLM and Is MLM a Scam?\nClick to Discover a Proven Path to Financial Independence!\nIf You Want to Make Money.\nIf you want to improve your finances, I strongly urge you to avoid Multi-level marketing. Statistically, it just doesn\u2019t work for most people. Also, it can damage personal relationships.\nA Better Option for You\nA business I\u2019ve had success with and one I\u2019ve seen many others succeed with is affiliate marketing.\n\nIt\u2019s an easy and affordable business to launch.\n\nHowever, for a newbie it can take a few months before you earn your first dollar.\n\nDon\u2019t expect overnight success, but if you stick with it, you can create a full-time income and enjoy more free time. Financial independence in 3 to 5 years is also a realistic goal.\n\nYou can get started with affiliate marketing for free when you sign-up for the FREE Starter Level of the Online Entrepreneur Certification Course.\n\nAs a free member, you\u2019ll get a week\u2019s worth of training in the fundamentals of affiliate marketing. And, you\u2019ll meet an online community of friendly marketers ready to help you build a profitable affiliate marketing business that can change your life.\n\nBeyond the free training, you\u2019ll discover how to build an affiliate marketing business on a shoestring. To learn more about the FREE Training, Go Here.\n\nRelated Articles:\n\nWhy Affiliate Marketing is Better than MLM\n\nThe Heartbreak of MLM\n\nHow to Evaluate an MLM Company\nIf you found this article helpful or have experience with Kannaway, please leave a comment below.