Kannaway Hemp Review | Trust Score & Ratings

Founded2014

HeadquartersDeerfield Beach, FL

Trust Score78/100

About Kannaway Hemp

Kannaway Hemp is a multi-level marketing (MLM) company specializing in pure CBD hemp products. Founded in 2014 and based in Deerfield Beach, FL, Kannaway Hemp aims to provide high-quality hemp-based products through a network of independent distributors.

Their product line includes various CBD-infused items, but the legality of these products can vary by jurisdiction, which is a key concern. With a BBB rating of B and a Trustpilot score of 2.5/5, there are mixed reviews about the company's reputation.

Kannaway Hemp operates on a binary compensation plan, offering income through retail sales, bonuses, and commissions. However, they require monthly purchases for full commission eligibility, which can be a risk for potential distributors.

Pros and Cons

✓ Pros

Legitimate CBD product range
Kannaway offers a variety of CBD products, which are increasingly popular in the wellness market.
Established company since 2014
Being around for nearly a decade gives them some credibility in an industry that's still figuring itself out.
Compensation plan with multiple income streams
They provide different ways to earn, like retail profits and bonuses, which can attract diverse sales strategies.
Incentive trips for top performers
Kannaway rewards high achievers with trips, which can be motivating for some people.

✗ Cons

High concentration of earnings among top earners
Their income disclosure shows that most commissions go to a small percentage of people, making it tough for newcomers.
Monthly purchase requirements for full commissions
To earn the maximum commissions, members must buy products monthly, which can get expensive.
Legal issues surrounding CBD products
The legality of CBD varies widely, and this can create challenges in selling products in certain areas.
Low Trustpilot rating (2.5/5)
A low rating indicates mixed reviews from customers, which might raise red flags.

Verdict: Kannaway Hemp has some solid products and a decent structure, but the income potential looks skewed towards those at the top. If you're considering this, do your homework and be wary of the monthly costs and legal issues with CBD products.

Best for: This could work for someone passionate about CBD and willing to invest time and money. But if you’re looking for a quick buck or are risk-averse, it might be best to steer clear.

Risk Analysis

Kannaway Hemp presents moderate risks primarily due to regulatory issues surrounding CBD legality and income distribution among members. While there are some positive aspects, potential recruits should be aware of the challenges they might face.

Key Concerns

CBD product legality varies by jurisdiction high
The legality of CBD products can impact sales and recruitment, depending on local laws.
Income disclosure shows top earner concentration high
Income reports indicate that a small percentage of participants earn significant income, while many earn little or nothing.
Monthly purchase requirements for full commissions moderate
Participants need to purchase products monthly to qualify for full commission, which can lead to financial strain.

Positive Indicators

Established in the CBD market since 2014
Being in business for several years provides some level of stability and experience in the market.
B BBB rating
A B rating from the Better Business Bureau suggests a satisfactory track record in customer service.

Consumer Advice: If you're considering joining Kannaway, be aware of the financial commitment required to maintain your status and commissions. Understand the legal risks associated with CBD products in your area and evaluate whether you can realistically earn an income.

Frequently Asked Questions About Kannaway Hemp

Is Kannaway Hemp a legitimate MLM company?

Yes, Kannaway Hemp is a legitimate MLM company founded in 2014. They operate in the hemp and CBD market, which can be a bit tricky due to varying legality in different regions.

What products does Kannaway Hemp sell?

Kannaway Hemp sells a range of CBD products, including oils, topicals, and edibles. They focus on hemp-derived CBD, which many people use for wellness purposes.

How much can you make with Kannaway Hemp?

Earnings with Kannaway Hemp can vary widely. Their income disclosure shows that most earnings go to a small percentage of top earners, so while some can make a good income, many may not earn much.

What are the complaints about Kannaway Hemp?

Kannaway Hemp has received mixed reviews, with a Trustpilot score of 2.5/5 indicating that some customers have had issues. Common complaints include product effectiveness and delivery times.

What is the compensation plan for Kannaway Hemp?

Kannaway Hemp uses a binary compensation plan. You can earn through retail profits, sponsor bonuses, and team commissions, but to earn full commissions, you need to meet monthly purchase requirements.

How much does it cost to join Kannaway Hemp?

Joining Kannaway Hemp requires an initial investment, typically around $69 for a starter kit. This kit includes some product samples and materials to help you get started.

What is Kannaway Hemp's BBB rating?

Kannaway Hemp has a BBB rating of B. This indicates that they have had some complaints, but they are generally responsive to customer issues.

Are there alternatives to Kannaway Hemp?

Yes, there are several alternatives to Kannaway Hemp, including other MLMs like HempWorx and Young Living. Each has its own products and compensation plans, so it’s worth comparing them.

Is Kannaway Hemp worth joining?

Whether Kannaway Hemp is worth joining depends on your interests and goals. If you're passionate about CBD and willing to invest time and money, it might be a good fit, but be aware of the risks involved.

What is the risk level of Kannaway Hemp?

Kannaway Hemp has a moderate risk level. The CBD market can be unpredictable, and there are income concentration issues and monthly purchase requirements to consider.

Compensation Plan

Plan Type

Kannaway uses a binary compensation plan. This means you build two teams: one on your left and one on your right. You earn money based on how well these teams perform.

How Earnings Work

Retail Profit: You buy products at a discount and sell them at retail prices. The difference is your profit.
Sponsor Bonus: When you recruit someone and they make a sale, you earn a bonus based on their sales.
Team Commissions: You earn a percentage based on the sales of your entire team. The more sales, the more you can earn.
Leadership Bonus: If you reach higher ranks, you can earn extra bonuses for leading your teams effectively.
Incentive Trips: As you climb the ranks, you may qualify for free trips based on your performance.

Requirements

You need to make a monthly purchase to qualify for full commissions.
Progressing through ranks requires meeting specific sales goals and recruiting others.
Only a small percentage of people earn significant income, so be aware of that.