OUR STORY
HEMP THERAPIES

At Hemp Therapies, we are committed to transforming the way people access premium CBD products. Born out of resilience and a passion for innovation, Hemp Therapies has evolved from a traditional CBD business into a blockchain-powered utility token project. Our journey is one of triumphs, challenges, and an unwavering commitment to delivering high-quality CBD solutions to the world.

The Early Years

Our story begins in 2015, when our founder entered the CBD industry in Australia as a distributor for leading brands like Elixinol and Endoca. Back then, CBD was a groundbreaking solution, offering hope to countless individuals. However, in 2017, everything changed. The Australian government reclassified CBD oil as a Schedule 4 prescription-only medication. Overnight, the burgeoning CBD market in Australia was shut down, leaving businesses and consumers scrambling.

This abrupt change didn’t stop our founder’s vision. Recognizing the potential of the global CBD industry, especially after the passage of the 2018 U.S. Farm Bill, the focus shifted to the United States, where CBD was gaining legal recognition and consumer demand was soaring.

Building the Hemp Therapies Brand in the USA

In 2019, Hemp Therapies was born as a partnership with a licensed CBD manufacturer in Colorado. The goal was clear: to design and deliver high-quality, practitioner-grade CBD products that were compliant, potent, and accessible.

In 2020, two non-resident LLCs were established in Colorado and Utah, with manufacturing taking place in Colorado and fulfillment operations set up in Utah. These state-of-the-art facilities ensured every Hemp Therapies product met the highest standards of quality and compliance. Within weeks of launching the Hemp Therapies online store, sales began rolling in.

To facilitate payments, the business initially relied on the manufacturing partner’s merchant facilities while waiting for banking approvals. However, the path ahead proved to be more challenging than anticipated.

The Struggles with Banking

Despite having fully compliant products and a legitimate business model, Hemp Therapies faced the same hurdles that many CBD and crypto businesses encounter: a lack of access to banking and merchant services. Over two years, bank after bank rejected the company’s applications, citing the stigma around CBD and the restrictive policies of financial institutions.

Without a banking solution, the venture became unsustainable. By 2023, the products manufactured in 2021 were no longer viable and had to be destroyed. Thousands of bottles of premium CBD oil, representing years of effort, investment, and hope, were lost. The business was forced to close.

A New Beginning: Hemp Therapies and CBDOIL

Rather than give up, the founder sought to overcome these challenges by leveraging blockchain technology. Hemp Therapies was reborn, not as a traditional CBD company, but as a crypto utility token project with the symbol CBDOIL.

With CBDOIL, token holders can purchase premium CBD, CBG, and CBN products at 50% to 70% below market prices. These high-strength formulations (e.g., 6,000mg per 1oz bottle) are designed to provide real value and meet the needs of those who rely on CBD for their well-being. Unlike many low-strength products saturating the market, Hemp Therapies remains committed to quality and affordability.

Innovating Payment Solutions

The founder of Hemp Therapies is also the creator of the Solana Merchant Payment plugin, a solution designed to help businesses accept cryptocurrency payments seamlessly. This plugin will be customized for the Hemp Therapies ecosystem, allowing customers to pay for products with the native CBDOIL token.

Initially, the ecosystem will rely on the Solana Merchant Payment plugin, but as the project develops, the token will become the primary currency for all purchases within the Hemp Therapies marketplace.

Looking Ahead

The challenges faced by the CBD and crypto industries are not unique. Both sectors have struggled with restrictive banking policies and regulatory uncertainty. However, as public awareness grows and global policies evolve, Hemp Therapies believes these obstacles will diminish.

We are optimistic that innovative solutions like CBDOIL will pave the way for a future where consumers can access affordable, high-quality CBD products, and businesses can operate without fear of financial exclusion.

Our Commitment

Hemp Therapies was founded on the principles of quality, transparency, and resilience. Our mission is to not only deliver exceptional CBD products but also empower consumers with a revolutionary token-based payment system that transforms the industry.

This isn’t just about CBD or crypto—it’s about rewriting the narrative and creating a community where quality, accessibility, and innovation thrive.