CannerGrow Review – A Cannabis Investment MLM?

CannerGrow is a MLM or multi-level marketing company that operates under the cryptocurrency niche.

According to their video presentation, CannerGrow is a project founded by Cannerald, but which claims to be a “Swiss research and production company of Cannabis”.

Cannerald was founded in 2017 by Sascha Adrian Waeschle, Severin Jem Amweg, Levin Kim Amweg and Maik Marcel Pietrowski.

According to WhoIS Information, CannerGrow’s website domain was registered on Apr 2019 with Sascha Waeschle as the owner and located in Rottweil, Germany.

CannerGrow Product Line

CannerGrow is kind of peculiar because they may be affiliated with a Cannabis company, there’s actually no product sold here.

In fact, they are more of an investment scheme than anything else. You are buying into growing some Cannabis plants, and the profits for those plants sold get split between you and the company.

The site has these digital plants, which have their physical counterparts. The plants get harvested every 2 or 3 months, then you get your ROI for every plant sold.

Then it’s just a simple rinse-and-repeat process.

Here’s an example, you invest 500 EUR into a plant, and then you get back 70 EUR every 2 or 3 months when they harvest it. In 7 or 8 harvests, you make your money back and anything above that is profit.

It sounds like an easy scheme and you’re basically doing nothing while earning.

But in my opinion, it’s kind of risky.

Does The Product Work?

Because it’s an investment scheme, the only way to know if the scheme works is whether or not it made money for their investors.

Granted this is a MLM company, I was expecting to see an income disclosure statement or anything that would indicate that people made money.

I couldn’t find any documents or any proof that there were people who made money from their program.

Investment schemes such as CannerGrow will offer three different ways for you to make money from:

1. ROI or return on investment
2. Unilevel commissions (recruiting)
3. Residual bonuses

How To Get Started with CannerGrow?

Your membership with CannerGrow comes in the form of investments, ranging from 350 EUR to 35,000 EUR as initial investment.

CannerGrow Compensation Plan

CannerGrow’s compensation plan isn’t that complicated, but they don’t do a good job at explaining it either.

Investment Returns

As mentioned in the Products section, your investments are your main source of income. For every plant you invest on, you get your ROI every 2 or 3 months.

Just check out their complete chart here for investments.

Referral Commissions

This is their MLM compensation plan that follows a unilevel structure. You earn a percentage for every sales or investments your downline makes.

Here’s how much you make per level:

Level 1 (7%)

Level 2 (5%)

Level 3 (3%)

Level 4 (2%)

Level 5 to 7 (1%)

#1 Lack Of Control

Most MLM businesses will offer you some form of control over how much money you make. But CannerGrow doesn’t offer some semblance of control because you’re reliant on the investments you make.

The issue that I have here is that you’re purchasing plants as a form of investment, and the company will take care and sell them for you.

The lack of control here comes in the form of not knowing if your plants get sold or not.

Unless they have a guarantee that you’re going to get your ROI every 2 to 3 months regardless if your plants sell or not, then there’s not much sense in investing in this company.

#2 Relies Heavily On Recruiting

Your investment doesn’t really fulfill your needs for passive income, so you’ll have to rely on recruiting people to make up for the time in between your ROI schedule.

Now, here’s the thing. You’re going to have to do a lot of it to get your money back as soon as you can and you’re going to have to have your members invest more money for the percentage commission.

So if you invested 500 EUR, you’re going to have to recruit enough people to help you break even before your first ROI schedule.

#3 Very Expensive

Quite frankly, I don’t really see why there would ever be an appeal for their investment program. I would rather invest that amount of money on something that’s more secure, like stocks or Forex.

I don’t really know what the market is for Cannabis plants at this point because of legal issues and other factors.

#4 No Products To sell

This program is difficult to market because there are no products to sell, and in our experience doing Cannabis-related MLM companies, this niche can be challenging.

It’s even more difficult to sell this program because it’s got INVESTMENTS written all over it.

And trust me, you’re not going to be able to convince the people who frequently use Cannabis to invest in something like this.

This is why I think their business model isn’t going to thrive.

CannerGrow may not be a scam, but they have the makings of a possible pyramid scheme due to the red flags that were raised.

There’s no product being sold and you’re being asked to invest in something that doesn’t have any guarantee that you’re going to get your money back.

It also relies too much on recruitment to help you make money faster, but this niche is a challenge to market let alone the opportunity to invest money on.

From what I can tell, I don’t think people are making any money here at all because I haven’t seen any proof of ROI’s or income disclosure statements.

We wouldn’t recommend this program to anyone at this point.

I'm not a fan of MLM, not because it's illegal or not profitable, but because of all the restrictions and the expensive costs involved.

Instead, Affiliate Marketing is my top recommended business model for anyone to make money online.

The reason is simple...

• You don't have to recruit anyone to make money
• You have the freedom to promote any products you want and not being restricted to only promote the products from one MLM company
• It's Free to get started

In fact, with affiliate marketing...