CBD American Shaman
Formerly known as All State Franchise Services
Bottom line
- Total investment $88K – $184K including a $10K franchise fee.
- No Item 19 financial performance data disclosed — the franchisor chose not to publish revenue figures.
- Rated CAUTION with a risk score of 72/100.
- Auditor disclosed a going-concern note — flagged doubt about the franchisor's ability to continue operations. Verify against the latest FDD.
Item 1 · who you're contracting with
The Franchisor
Yale framework · single-unit ROIC
Returns Analysis
Pulls Item 7 (investment) and Item 19 (revenue) from this brand's FDD into the Yale unlevered-ROIC formula. Override any input to stress-test it against your own assumptions.
The model · Yale framework
What would one CBD American Shaman unit return on the cash you put in?
Unlevered ROIC · per unit
28%
Below typical band (30–60%)
Overview
About
CBD American Shaman franchisees operate retail locations selling CBD-infused products including tinctures, edibles, topicals, and wellness items. Day-to-day operations involve inventory management, customer retail service, product education, local marketing, and compliance with evolving state and federal CBD regulations. Franchisees manage staffing, lease obligations, and point-of-sale systems within their unprotected territories.
Item 7 · what it costs
The Vitals
Item 19
Financial Performance
This franchisor did not disclose financial performance representations in Item 19, or our extractor could not parse them.
Item 20 · unit dynamics
The Growth Chart
Year-over-year franchised unit counts and net change. Source: FDD Item 20.
Item 20 · 22 states with active franchisees
The Territory Map
Derived from franchisee contact records. Shows states with at least one current operator — not where the franchisor is registered to sell new units (that data is re-extracting in a future refresh).
States derived from franchisee phone area codes (Item 20). Approximate — ported numbers may show the original state, not the franchisee's current location.
Government records
SBA Loan Data
Aggregated from SBA 7(a) loan disclosures, public data unique to FranchiseVerdict.
No SBA loan data available for this brand.
FranchiseVerdict rating + FDD Items 3, 5, 6, 12, 17
Risk & Legal
High-risk franchise with documented regulatory violations, shrinking unit base, unresolved franchisee litigation, and absence of financial transparency, signaling operational deterioration and potential franchisor instability.
Score breakdown · what drove the 72 / 100 rating
- 01MEDUnit count declined 18.4% year-over-year (212 units), indicating franchisee attrition and contraction
- 02MEDNo disclosed average revenue or net income data (Item 19) prevents validation of ROI claims and profitability assessment
- 03MINORMultiple regulatory actions: FDA warning letter on CBD edibles, state consent orders in Wisconsin, Washington, and California for disclosure/registration failures
- 04MINORArbitration demand from former franchisees (Johancsik case) suggests operational or contractual disputes affecting unit viability
- 05MINORUnprotected territory creates direct competition risk and cannibalization within franchise network
- 06HIGHGoing concern status indicates potential financial distress at corporate level, threatening support and franchisor stability
- 07MED6% royalty on undisclosed revenue with $88K–$184K upfront investment presents unclear payback timeline and profitability floor
Severity inferred from the FDD text · not a regulatory classification
FDD Items 5, 6, 12, 17 · continued from Risk & Legal
Contract & Territory Detail
Item 11
Training & Operations
Item 20
Franchisee Contacts
Phone numbers extracted directly from this brand's FDD Item 20. After purchase, you'll also receive a list of validation questions tailored to this brand.
Franchisee contacts
100 numbers
One-time purchase · CSV download · Validation questions included
FDD download
CBD American Shaman · FDD (2024) PDF