In the last few years, as the perspective of people all over the world concerning cannabis has shifted, the opportunities have expanded in the cannabis industry. Using cannabis for herbal and medical purposes is not a new practice.
In primordial times, people used cannabis as a medicinal herb. As humans progressed, the conventional views reformed concerning the newly discovered properties of different materials.
Similarly, cannabis became more popularly known for its psychedelic effects, and its use as a drug became widespread. Therefore, it was globally banned, and each country has its own rules concerning cannabis.
However, with advancements in science and technology, scientists have uncovered the medical advantages of cannabis consumption. These experimental proofs have played a key role in changing the opinions of people.
Consequently, there is a major shift in the cannabis-related policies of many countries. This change has had a revolutionary impact on the cannabis industry around the world.
Considering these changes, many investors have come into action, hoping to use these new opportunities. MJBiz Daily has given an insight on a similar investment plan of Scotts Miracle-Gro.
Cannabis—Uses and Benefits
A huge chunk of the world’s population currently relies on scientific evidence to accept or reject new things. This mindset is the prime reason that cannabis has succeeded in earning the support of people in the last few years.
Cannabis sativa is the plant that is used to obtain cannabis. Moreover, it has above 100 chemical compounds, each of which has a unique effect on the body.
The two major active components of cannabis include cannabidiol and tetrahydrocannabinol. Cannabidiol is the compound that gives the plant its herbal and medicinal qualities.
On the other hand, tetrahydrocannabinol (THC) is a psychoactive compound that interacts with the endocannabinoid system by binding with the endocannabinoid receptors. Consequently, the consumer experiences psychedelic effects.
THC is the chemical component of cannabis that gives it the euphoric qualities that qualify its use as a drug.
Furthermore, science has proved the medical benefits of consuming cannabis. A few of these advantages include:
- Cannabis can help ease symptoms such as nausea and vomiting that are caused by chemotherapy
- It helps with muscle stiffness in multiple sclerosis
- It is an effective pain-killer
- Helps patients with stroke or epilepsy
- Improves mental health and wellness
Cannabis is available in different forms such as topical creams and ointments, oil, capsules, and tablets, vaporizing liquid, nasal spray, dried leaves that people can smoke or consume as an edible.
Effects of Cannabis
Cannabis produces neuro-psychological effects as it is a hallucinogen. Furthermore, other factors play an important role in the effects that cannabis induces. These factors include the dosage, the frequency of use, the method of consumption, etc.
A few effects that cannabis produces are:
- It alters the state of consciousness of the consumer; it produces a feeling of euphoria.
- The user experiences a distortion in their perception of time and space
- Heightens other senses and feelings, such as smell, taste, sight, and hearing
- Increases the heart rate and pulse, causes the pupils to dilate and eyes to appear bloodshot
- Increases appetite
- Impairs the coordination and control, and the concentration of the consumer
Moreover, if someone consumes it in a large dose, they may have negative experiences such as anxiety, panic, paranoia, and self-consciousness. Also, it can even lead to sedation, disorientation, and even toxic psychosis.
Furthermore, cannabis consumption increases the risk of developing chronic bronchitis or other respiratory diseases. Additionally, it can also worsen pre-existing cardiovascular issues. Frequent use of cannabis leads to dependence.
The Legality of Cannabis in the US
Although many countries have become more accepting of the use, growth, and possession of cannabis, many countries are yet to change their conceptions.
The legalization and decriminalization of cannabis have been major steps forward for the growth of the cannabis industry. Countries that haven’t fully legalized cannabis have made their laws concerning its use and possession more lenient.
Moreover, some countries have conditionally legalized cannabis according to its THC levels for medical and recreational purposes.
In the US, the legality of cannabis lies in the grey area. Many states, such as New York, Pennsylvania, Connecticut. have legalized the growth, consumption, and possession of cannabis.
However, as per the federal laws, cannabis remains a DEA (Drug Enforcement Administration) Schedule I controlled substance. This conflict between the state and federal laws has created significant confusion among people.
Trending Tips on CBD Products
- 5 Of The Strongest CBD Oils You Can Buy Online
- CBD Bath Bomb Recipe How to Make CBD Bath Bombs
- Top 5 Rated cbdMD Products
- Should You Buy CBD Oil?
- Can you make CBD Gummies at home?
Impact of Cannabis Legality
The legalization of cannabis has brought a lot of economic benefits. Not only is it beneficial for health and recreational purposes, but cannabis is also a rich source to generate money and save expenditure.
Also, the legalization of cannabis has created a lot of future opportunities for the public. The advancement in the industry has opened new job opportunities and sources of income.
According to New Frontier’s report, federal legalization of cannabis can generate 1 million jobs by 2025. Other studies have reported 45,000 jobs in Nevada and 81,000 direct and indirect jobs in California.
Moreover, as the industry is growing, investors have an eye on the tremendous benefits that can come out of investments in the cannabis industry.
Furthermore, the legalization of cannabis also saves the money spent on the enforcement of the laws. Also, it is a significant source for generating revenue through tax.
Scotts Miracle-Gro—Risking It All?
MJBiz Daily reports the investment plans of Scotts Miracle-Gro. The company plans on setting a base and broadening its reach in the cannabis industry by launching a new subsidiary, Hawthorne Collective.
The subsidiary has announced an investment in the RIV Capital, which it will use as an unapparent source of investments in productive areas of the cannabis industry.
Moreover, the investment is based on a six-year plan summing up to a $150 million convertible note, which will result in Scotts Miracle-Gro owning 42% of RIV. Furthermore, the deal has a top-up option that allows the stakes to be moved up to 49%.
Additionally, the deal will allow Hawthorne Collective to nominate three board members to RIV. This number will further increase to seven.
Until now, the CEOs of the two companies claim to be on the same page. Also, they believe they share the same ideology and the same thesis.
The cannabis industry has the attention of many investors, as it is new and still evolving. Moreover, the potential for reaping profit is substantially high, which naturally tempts anyone who seeks to benefit from their investments.