Cannabis in India – HempCann owns the brand VEDI and is Manufacturer and Marketer of an excellent quality array of Ayurvedic, Herbals, Cannabis Medicine & Cannabis Oil (Hemp Oil) and Castile Soap – Once you use a VEDI castile soap, no other soap will do. Cannabis in India has a new and unlikely backer – Baba Ramdev’s Patanjali. The patrons of legalized cannabis have finally found their ‘brand ambassador’ – Patanjali’s CEO, Acharya Balkrishna.. Acharya Balkrishna. India News. National News
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Medicinal Cannabis? Patanjali Might Enter The Billion Dollar Market
The infant cannabis economy in India has found support from unlikely quarters, from Baba Ramdev’s Patanjali Ayurveda, Quartz has reported.
“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,” said Patanjali’s Chief Executive Officer, Acharya Balkrishna.
Cannabis is one of the 200 species of indigenous plants being researched by a team of 200 scientists at Patanjali’s research and development centre in Haridwar to be used in medicines and other products.
Although cannabis is a highly controlled substance in India, the economy surrounding the plant holds huge growth potential which Patanjali aims to tap. 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.
“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.
Although, cannabis possession and use is highly controlled in India, Delhi and Mumbai were recently revealed to be among the top 10 cities with highest consumption of cannabis.
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‘Patanjali cannabis’ may soon be a reality!
New Delhi: Those who had doubted Baba Ramdev’s ‘Patanjali’ products and his promotions seem to have had a miraculous change of heart! The use of marijuana, other than for licensed medicinal purposes, is illegal in our country. Since, its legalization in the United States, the ‘patrons’ of the drug has been defending its use citing the medicinal properties. They have finally found their ‘brand ambassador’ – Patanjali’s CEO, Acharya Balkrishna.
In a recent interview, Balkrishna, backed the idea of legalizing marijuana in India.
”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,” Balkrishna said, in his interview with Quartz website.
This is not the first time Balkrishna supporting legalization of cannabis.
Last month, Balkrishna, while speaking at a TEDx event in Panchkula, had defended the idea of legalizing marijuana for medical purposes and also said it could bring more new business and employment opportunities in India.
Balkrishna, who is close to yoga guru Baba Ramdev, had said his company had been in touch with the Union ministry of AYUSH for this. “Research is already on. It has been found that much of it (cannabis plant) is good for health. But, toxic parts, like THC, need to be removed from cannabis oil,” he said. THC, or tetrahydrocannabinol, is the part of cannabis plant responsible for giving a high to a person who consumes the plant in any form.
However, those who rally behind the Patanjali chief, seems to have missed this part from his speech.
Balkrishna said seeds of the plant were useful, the fiber 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.
In August, 2017, Union women and child development minister Maneka Gandhi suggested legalizing marijuana for medical purposes, like several other countries have done. She had put her weight behind legalizing the plant for pain-relief treatment among cancer patients.