CannerGrow Review – Is CannerGrow.com Scam or Legit MLM?

Welcome to my CannerGrow Review!

The future of the economy has arrived with the present of cryptocurrency and blockchains. Recently, the landscape of crypto-investment is changing, and it is happening fast.

Have you thought about CannerGrow and joining this latest opportunity?

CannerGrow being a hybrid of both cryptocurrency and cannabis that guarantees fixed passive return.

Since there is so much hype on it, I have decided to take a closer look at this company. The main concern of us is how to make money from this company.

Thus, I am going to reveal the nuts and bolts of CannerGrow in this review.

This review consists of information like:

  • What is CannerGrow?
  • How to Join CannerGrow?
  • How to Make Money with CannerGrow?
  • What Do I Like About CannerGrow?
  • What Don’t I Like About CannerGrow?
  • Is CannerGrow A Scam?

Before I start, I must congratulate you for spending time to do your own research about the truthfulness of any program.

It is important to check a program’s review before buying it because there are too many scammers online!

I am not associated with CannerGrow in any way so rest assured that I am not here to sell you anything.

CannerGrow Review Summary

Product Name: CannerGrow

Author: Maik Pietrowski, Levin Amweg, Severin Amweg, and Sascha Waschle

Product Type: Multi Level marketing

Price: €350 to €35,000

Rating: 4/10

What is CannerGrow?

CannerGrow is a project founded by Cannerald, Swiss-based medical cannabis research, and production company.

The project combines professional cultivation with an easy to use Customer-End-Web interface.

CannerGrow is officially launched on May 20, 2019.

According to WHOIS, the company website was created recently on April 5, 2019.

Cannerland’s headquarter is located in the British Virgin Islands.

According to their marketing material, the heart and soul of CannerGrow is their CEO, Mr. Stefan Amweg.

In respect to their management team, there are few movers and shakers who are:

  • Maik Pietrowski – Co-Founder Cannerald
  • Levin Amweg – Co-Founder Cannerald
  • Sascha Waschle – Co-Founder Cannerald
  • Severin Amweg – Co-Founder Cannerald
  • Fabian Eder – Head of Marketing
  • Sergej Michel – Shareholder

“CannerGrow is presenting a Plant Sale.”

Throughout this project, everyone can own their cannabis plant within a few mouse clicks!

Every digital sold plant in their system will represent a physical cannabis plant in their Growroom’s.

Do we need to plant cannabis on our own?

No! You do not need to do anything!

The experts from CannerGrow will take care of everything for you.

They also claimed themselves having teams and handicappers located around the world.

Most importantly, the members will get full control over the harvest.

The harvesting of cannabis will take around two to three months.

Later you may choose either to receive the physical harvested cannabis or sell it for money.

To be honest, what CannerGrow doing is a very unique yet interesting business which newly growing exponentially in the market.

How to Join CannerGrow?

To get started, you can sign up for the packages offered by CannerGrow as follow:

  • 1 plant with 100 CADT tokens – €350
  • 10 plants with 1,000 CADT tokens – €3,500
  • 25 plants with 2,500 CADT tokens – €8,750
  • 100 plants with 10,000 CADT tokens – €35,000

The difference between these membership packages is only the potential income you can earn per cannabis harvested.

These packages also grant you eligibility for the full participation of CannerGrow’s compensation plan.

How to Make Money with CannerGrow?

CannerGrow does not offer tangible products, their compensation plan is mainly based on the affiliate membership you sold.

Switching gears now to look at ways to earn money from joining CannerGrow.

The company promised an advertised return on investment (ROI) according to the packages you invested.

  • 1 plant – €50 per harvested plant
  • 10 plants – €500 per harvested plant
  • 25 plants – €1,250 per harvested plant
  • 100 plants – €5,000 per harvested plant

In other words, the higher the plants you invest, the higher the ROI will be.

Recruitment commission

You can earn when you successfully sponsor or refer an affiliate under your member link.

The commission depends on the packages the affiliate chooses to sign up.

It is tracked and paid through a unilevel compensation structure.

For instance, the affiliates you personally introduced affiliates will place at the top (Level 1) of a unilevel team.

When Level 1 affiliates did the same as you, refer new affiliates joining the program, these new downlines will place at Level 2 of your unilevel team.

These will repeat indefinitely.

However, CnnerGrow will only pay you on your first seven levels.

  • Level 1 – 7% recruitment commission
  • Level 2 – 5% recruitment commission
  • Level 3 – 3% recruitment commission
  • Level 4 – 2% recruitment commission
  • Levels 5 to 7 – 1% recruitment commission

ROI Matching bonus

In a matching bonus, the sponsoring affiliate receives a commission based on the bonus earnings of the downline they have sponsored.

The matching bonus is tracked and paid through a unilevel compensation structure which capped at seven levels.

  • Level 1 – 7% ROI Match
  • Level 2 – 5% ROI Match
  • Level 3 – 3% ROI Match
  • Level 4 – 2% ROI Match
  • Levels 5 to 7 – ROI Match

Why CannerGrow Won’t Work?

If you are into the MLM news, you might know what happened to MOBE and Digital Altitude. Those companies claimed themselve to be an MLM business but the truth their main renevue come from the recruiting side.

This is a very risky business model because you are essentially paying the old members with the new member’s money. The entire company can collapse and close down once there are no new member.

It is also illegal to operate a pyramid scheme. Unlike MLM, a pyramid scheme doesn’t have sell any product. It relies solely on recruitment revenue which is very similar to what CannerGrow is doing here.

This picture perfectly illustrates what will happen if you join a shady MLM.

What Do I Like About CannerGrow?

There is nothing I specifically like about CannerGrow.

It works in a way much more similar to other MLM programs.

What Don’t I Like About CannerGrow?

1. High investment cost

A cannabis plant cost €350.

Don’t you think it is expensive?

Although there are 100 CADT token ties with the package, but it is still a huge initial capital.

Something to highlight is that CADT is an internal token that has no value in the public market.

2.Vague investment information

Lacking information on how the company manages the investor’s money.

Although the investors are informed to have physical cannabis in their growhouses which located in Switzerland and the United Kingdom.

However, there is also no proof and information at all on who is running these behind the scenes.

Also, there is no other evidence that anyone has made any real money with CannerGrow.

3. Not Stable Passive Income

In order to recruit more people and make money, you need to learn how to reach more people without spending a lot of money and annoy the people around you.

For example, I have created this blog that gets hundreds of visitors each day. I can promote something here and if people buy it, I will earn an affiliate commission.

Instead of forcing people to join a program or buy something, I rank my blog high on Google and let them come to me.

This is done through search engine optimization and keyword research.

Sadly, they don’t teach anything like that in Planet Impact Academy. That’s why it is really hard to make money in an MLM business without learning some internet marketing skills.

If you are interested how I learn those skill and make money online, please feel free to check here where I share my online venture in details.

Is CannerGrow A Scam?

It is too early now for me to identify if is CannerGrow a scam.

I would keep this program in my list and monitor it closely since it is a relatively new cryptocurrency MLM program.

CannerGrow is still new in the MLM market and has yet had time to prove itself as a reliable company.

But in my opinion, I still do not recommend Dacxi because it is very similar to the other cryptocurrency Ponzi scheme.

It has no tangible asset to sell, vague investment information, and involvement of internal CADT tokens.

Additionally, the investment cost is really high compared to other MLM programs.

Besides, CannerGrow claimed that the member owns the cannabis plant and grant full control over them.

But is there any proof given on the actual existence of the cannabis plants?

I believed it is just smoke and mirrors!

Anyway, let’s wait and see how CannerGrow will be doing.

Lastly, my review has provided all the necessary information needed.

All that is left for you to do is look at the findings and make an educated decision.

I would still advise that you conduct thorough research, gather detailed information and then use that to make your decision.

 

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