Business

Arizona hemp company started by student to help movement

Marijuana is the frontrunner in the cannabis industry now that Canada’s legalization of the recreational use takes effect on Oct. 17. For countries with cannabis prohibition, getting in on the marijuana business is not as ideal as the growth of their venture will be heavily stunted by laws. What people can do is look towards the direction of a close runner to marijuana—industrial hemp.

Marijuana is the frontrunner in the cannabis industry now that Canada’s legalization of the recreational use takes effect on Oct. 17. For countries with cannabis prohibition, getting in on the marijuana business is not as ideal as the growth of their venture will be heavily stunted by laws.

What people can do is look towards the direction of a close runner to marijuana—industrial hemp

The fight towards making industrial hemp an agricultural commodity is being pushed with the Farm Bill. Aside from this, there are many individuals who are supporting the industry as well. One of them is Arizona State University (ASU) alumnus Gunhee Park, who launched a hemp-based company called Populum in 2016.

Park created Populum not only to produce hemp oil but also to change the outlook on hemp through education. Park said in an interview that he believes the stigma around hemp stems from the psychoactive properties of cannabis.

Park’s company is banking on the benefits when using hemp, among these are reducing stress and anxiety. (Source)

Using Populum, Park wants to draw the line between hemp and marijuana

Park’s company cooperates with U.S. farmers authorized to grow hemp. The primary products of Populum are consumable hemp oil and a therapy gel made for external use. The company also sells pet products after the request from its customers. They make the products considering how well people are going to enjoy using them.

Although there are many benefits from hemp, Populum is banking on the properties that reduces stress. This benefit is often confused with the euphoria associated with marijuana products.

Hemp vs. marijuana

Hemp and marijuana are both under the cannabis genus. The key difference is the composition of their compounds. The two most important are cannabidiol (CBD) and tetrahydrocannabinol (THC).

Companies extract the CBD to make products like oils and creams (Source)

CBD causes the benefits that people get from cannabis and it spawned an industry of its own. Companies like Populum extract the compound to make products like oils and creams. THC, however, is the compound responsible for giving cannabis its psychoactive effects.

Hemp contains virtually no THC, at less than 0.3 percent. At this volume, it is impossible for people to get high. This is the reason why some states have lifted the ban on industrial hemp. Furthermore, industrial hemp also contains CBD. This means people can get the best of cannabis without having to suffer the consequences of failed drug tests and certain state laws.

Companies that will help see the difference between hemp and marijuana

Regardless of the significant differences, others cannot help but associate hemp and marijuana. With the help of Populum and other hemp companies, it will be easier to help hemp back to the positive side of the green movement.

(Featured Image by Kelly Sikkema)

Suzanne Mitchell

Suzanne Mitchell juggles the busy life of a full-time mom and entrepreneur while also being a writer-at-large for several business publications. Her work mostly covers the financial sector, including traditional and alternative investing. She shares reports and analyses on the real estate, fintech and cryptocurrency markets. She also likes to write about the health and biotech industry, in particular its intersection with clean water and cannabis. It is one of her goals to always share things of interest to women who want to make their mark in the world.

Recent Posts

Ontario Increases Efforts to Combat Illegal Cannabis Market

Ontario is investing $31 million over the next three years to enhance efforts against illegal…

5 days ago

Hanover and Frankfurt Will Be the First German Cities to Legally Sell Cannabis for Adult Use

Frankfurt and Hanover are launching five-year pilot projects for legal, regulated cannabis sales to adults,…

6 days ago

CBD Decree Suspended By Italian Administrative Court for Third Time

Italy's Regional Administrative Court suspended the Health Ministry's decree labeling CBD as a narcotic, pending…

1 week ago

Which U.S. States Will Vote on Cannabis Legalization in November 2024?

This November, five U.S. states will vote on measures related to legalizing recreational or medical…

2 weeks ago

Italy to Be Investigated By EU Commission Over Proposed CBD and Hemp Ban

The European Commission has launched an investigation into Italy after its recent proposal to ban…

2 weeks ago

Prolonged Cannabis Use May Leave a Unique DNA Signatures

A new study has found that prolonged use of high-THC cannabis leaves a unique mark…

2 weeks ago