THE WEED ECONOMY


Yoga Guru Ramdev’s Patanjali Ayurveda is now eyeing cannabis space in India. After a few Indian politicians backed cannabis research and legalisation of marijuana in the country, Patanjali is now intensifying studies on the plant’s medicinal and industrial properties.

In ayurveda, since ancient times, parts of cannabis (hemp), for instance, have been used for medicinal purposes. So, we are looking at various formulations. We should ponder over the benefits and positive uses of the cannabis plant,” chief executive Balkrishna told Quartz.

At a TEDx event, held recently in Panckula, Balkrishna put his weight behind legalizing cannabis for medical purposes, and for opening business and employment opportunities in India.

Balkrishna said seeds of the plant were useful, the fibre could be used for clothes, and the plant’s controlled cultivation could help India raise a new industry altogether. “By criminalizing marijuana, we are denying a full-fledged business opportunity to our people,” he said

Patanjali has challenged many multinational companies in the past selling Ayurveda-based products such as toothpaste, face wash, hair oil, detergent, etc. Although, cannabis is a highly-controlled substance in India, Patanjali aims to tap this space taking cue from western countries, where cannabis is legal. India is yet to recognise its cannabis economy.


The United States, where cannabis is legal in some states, already has a burgeoning $8 billion cannabis economy. In Canada, where medicinal marijuana is legal, cannabis sale account for as much as 0.2 per cent of the GDP.


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“In western markets, parts of the cannabis plants are being used for fibre for cloth or some kinds of oils. Similarly, we are doing some research to see that the harmful or intoxicating properties are removed and then it is used,” Balkrishna added.

Here’s Why Medical Marijuana Is So Necessary Right Now

Cerebral palsy is a serious condition. Its effects vary largely between individuals, but usually involve some type of movement dysfunction in the arms, legs, and/or face, and in most cases, causes slurred speech. At present there is no cure for the condition, but there is a life-enhancing solution. Weed.Medical marijuana is also shown to have some hand in preventing tumors. It can also slow down the growth of cancer cells, as shown in various medical studies and trials on animals. Human studies and testing are yet to be carried out, but reports so far are very promising.

A large portion of medical marijuana’s usefulness boils down to just a few attributes. One, stimulating appetite, can help many diseases and conditions, including AIDS wasting and cancer. Another, nausea and vomiting, can help those with cancer overcome the nausea associated with chemo treatments. Pain relief would be useful to those suffering from multiple sclerosis or fibromyalgia, while marijuana has been proven to help those with glaucoma by reducing the pressure in the eye that can lead to blindness.

When it comes to medical marijuana, many people have very strong opinions, but it can’t be denied that some good can come out of legalizing marijuana for medical purposes.

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