June 8, 2022: Cannabis 101: THC, CBD & Business opportunities
Speaker: Denise Ropp, retired nurse and Health and Wellness coach
About Cannabis:
Cannabis is a plant that mimics the chemicals we have in our bodies. It functions in the endocannabinoid system. There are 400 components of the plant. The health industry mainly works with 2 components – THC and CBD.
THC is the psychoactive component that works in the brain stem area and causes euphoria.
CBD relates to a lot of receptors in the body, especially in the muscles and the joints. It is beneficial in fighting inflammation.
A bonus is that any cannabis plant does not affect the breathing center, unlike other opioids. Thousands of research studies support the use of cannabis in the fields of mental health, cancer treatment, pain management, and PTSD.
The business angle for clinics that support cannabis treatment goes like this:
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People visit a clinic for a doctor’s assessment and pay for that.
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Here, an education portion happens to educate them about THC and CBD treatments. This portion is a paid-for service as well.
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Lastly, there is an opportunity to partner with producers and receive a small portion of the commission for it.
Another business opportunity is to work with hemp and focus on producing alternatives for plastic, paper, wood and more out of hemp.