It’s great that you are doing your research because it’s always a good idea to know the inner workings of all the numerous business opportunities that exist out there before getting on board. No need for pumping your money in only to end up frustrated.
What is Kannaway all about and can you make some serious money with this opportunity? Well, let’s find out, shall we?
- Company: Kannaway
- Website: kannaway.com
- Costs: $54.98
- CEO: Blake Schroeder
- Rating 5.3/10
What is Kannaway?
Right now the world is really embracing medical marijuana. The growth has been so phenomenal and is expected to be worth $22 BILLION by 2022.
With so much money at stake, a lot of companies are strategically placing themselves for a piece of the action. Kannaway is one such company.
They are the first multi-level marketing company in the U.S. to sell hemp CBD products.
They are a relatively young company having started in 2014. In terms,s of growth they have done really well and have flourished since opening, bringing in an estimated $14 million annually.
Blake Schroeder serves as the Chief Executive Officer of Kannaway, a subsidiary of Medical Marijuana, Inc. since 2016.
Kannaway sells CBD beauty, pet, food, and beverage products through independent distributors called brand ambassadors.
The company has an A+ rating with the Better Business Bureau. They are based out of San Diego, California.
Kannaway productsKennaway uses its non-GMO, European Hemp Oil to create its products. They do have an impressive collection of products. I was able to count 50 different products on their website.
Here are a few of the products that the company has produced with Hemp Oil:
- Balance 12 System – an entire regimen that targets whole-body health.
- Cannabis Beauty Defined – skincare line that promises flawless skin.
- Hemp VAP -a line of flavorful e-cigarettes that contain no carcinogens, hallucinogenic properties
- Kannactive -give you more energy and mental focus
They also do have a collection of T-shirts that sell for €41.82 and 25 pack brochures that go for €6.15!
Go here to view their entire product range
How does Kannaway work?
To become a Kannaway Brand Ambassador, you’ll need to pay a membership fee of $54.98. For you to get your business up and rolling you’ll then need to buy a Value Pack that ranges in cost from $249 to $1,849.
Like most MLMs, there are basically two main ways you can make. You can commissions on retail sales on the products. You can also earn commissions when you recruit others to you. Number two is where the real money lies.
If you can build a large team below you, you can expect to start making some really good income. There are also bonus rewards that are paid depending on how large your team is.
Check out the video below for a more comprehensive breakdown of the compensation plan.
You can also peruse this Kannaway compensation plan pdf
Can you make money with Kannaway?
That is the big question and the answer to it is yes it’s possible but highly unlikely.
I know that does not sound really encouraging but that is just the reality of multi-level marketing
To a large extent, it really comes down to how good you are at closing sales. Some people are good at it, most are not.
Most people are simply not cut out for it. People don’t like being sold stuff and most people just suck at selling. It’s simply not as easy as a lot of people are led to believe.
There is no doubt that CBD products have numerous health benefits for the body. I had a friend who had back pain for years and when he started using CBD oil, his pain vanished.
Given the rapid growth that the company has experienced is testimony that their products popular.
And as I mentioned there is a chance that you can make some money.
Are You Looking For a Way to Earn Passive Income
Without Having to Recruit?
One thing I find shocking is the price of the products. They are way too expensive. A bottle of Pure Gold CBD oil goes for a whopping $187!
You can buy CBD oil on Amazon for as low as $20. The argument is always made that the products are of good quality and so that is why you pay more. If you haven’t tried different products, you have no way of knowing that.
The products do contain little amounts of THC, which is the psychoactive ingredient found in marijuana. It probably won’t make you high but it can still be detected in urine tests. They are kind enough to warn would-be users especially those who work in places that require routine drug testing.
That just reduces your market share.
Is Kannaway a Scam?
Not at all.
A lot of people are skeptical about joining MLMs due to the recruiting nature of the business. As long as a company has a product or service behind it, you cannot brand it a scam.
Scams, particularly pyramid schemes, tend to take money out of your pocket using deceptive means. In most cases, they sell you an endless story of investing your money in nothing to grow your money.
Unfortunately, you have that pyramid scheme structure in most MLMs that is hard to distinguish. Kind of like the hunger games where only the best will thrive.
Kannaway is a perfectly legit company.
Most people who join network marketing companies are drawn by the prospect of making money.
What your upline or fellow team members will not tell you is that getting people to join your team is no easy feat.
I was a former network marketer and aside from being a real pain to everyone I approached to join my business I spent a lot of money and never got to recruit even one person. I might have approached over 300 people. Some of them were clearly not impressed.
My upline kept pushing me to go all out and hit on as many people as I can with the opportunity. You never know who is looking for an opportunity to make money, do you? By the time I threw in the towel, I was worn out and frustrated.
I also hated the chanting in meetings and cult-like devotion most members had to the business. It felt like hero worship.
I had to face the facts. Was I really building a business or was simply helping some top shot make their money?
According to this article on Wikipedia, over 99 percent of distributors make little to no income at all.
If you are just joining Kannaway or thinking of joining ask yourself whether you really stand a chance at success. I hate to burst your bubble but the odds are heavily against you.
Building a business without recruitingMany people who become successful online marketers have probably been through some sort of multi-level marketing.
In the years I have been in the marketing industry I have come appreciate that one of the most effective ways you can make money selling products is by having your own website.
The great thing is that you don’t even need to own the products to earn commissions with a website.
And neither do you need to spend money to own one. This website generates a consistent income without the stress of chasing after people. People come to me. We are living in the age of the internet. That is how people buy products these days.
It takes knowledge to learn how to sell products online and I am quite happy to guide through the process.
Why run around chasing after people to join your opportunity and yet you can reach the billions of people who are connected on the internet today.
If you belong to the majority of people trying desperately to make money recruiting people to their business, how about you check out how I make money online without having to recruit.
MLMs are a waste of time. If you feel you have what it takes, I will not discourage you. By all means, go for it. If you have your doubts, keep your options open.
Many thanks for reading my review. If you have a question or a comment on the Kannaway business opportunity, please leave it below. I would love to hear from you.
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Hi folks. Thanks for dropping by. I am a graphic designer and also build websites for local businesses. I am also a member of Wealthy Affiliate. WA is a community-based training platform that truly delivers. It offers a variety of tools, training, and support, and best of all, it’s FREE to get started with. Check it out and see if it’s a good fit for you.