India’s First Medical Cannabis Company Receives “Significant” Support

As 2017 involves an in depth, a rustic that’s residence to just about 18 % of the world’s inhabitants is speaking about hashish, thanks largely to the rich and charitable Ratan Tata.

On Dec. 17, the huge South Asian nation of India had its first ever marijuana march to convey consideration to the thought of legalization.

Less than every week later, it was reported one of many nation’s largest enterprise tycoons, Ratan Tata, funded India’s first medical hashish analysis group, the Bombay Hemp Company (BHC). Tata was joined by Rajan Anandan, the managing director for Google India, who additionally invested capital within the startup.

The Bombay Hemp Company was created to discover numerous purposes of hashish as drugs. In order to bypass any authorized hurdles, the group partnered with India’s Council of Scientific and Industrial Research (CSIR).

Based in Mumbai, BHC is cultivating hashish within the state of Jammu and Kashmir with the intent of researching the crops for the remedy of epilepsy, breast most cancers, and palliative care.

“We already have our first batch of cannabis plants cultivated in Jammu,” stated Avnish Pandya, co-founder of BHC. “[It is] within the CSIR framework.”

The firm added the funding from Tata and Anandan shall be used to rent scientists from India and the worldwide scientific group, with BHC already in search of scientists within the Netherlands. Announcements relating to product improvement will occur subsequent yr, with the primary merchandise anticipated for palliative care.

BHC isn’t just driving the coattails of medical marijuana. This yr, the corporate created a nanocarbon, which is a type of renewable power constructed from hemp.

Recreational hashish was obtainable and bought legally in India till 1985. It was then the nation lastly succumbed to strain from the United States and created the Narcotics Drugs and Psychotropic Substances Act. The laws successfully banned the possession and consumption of all narcotic substances, together with marijuana.

Cannabis use has been nicely documented in India for hundreds of years and had nice cultural significance till a crackdown of widespread use beneath the British Empire.

Photo courtesy of Allie Beckett


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