TATA GROUP & GOOGLE INDIA TO INVEST IN MARIJUANA
Bombay Hemp Company’(BOHECO), has raised funds worth 6.25 crore from Ratan Tata, Chairman of the Tata Group, and Rajan Anandan, Vice President and Managing Director at the Google India.
Bombay Hemp Company (BOHECO) was incorporated in 2013 as India’s premier Industrial Hemp and Medicinal Cannabis Company. BOHECO is working with various government bodies to research, bread, cultivate and harvest low THC Hemp seeds for safe commercial consumption.
World Health Organization (WHO) has stated many uses for marijuana and has also demonstrated therapeutic effects of cannabinoids used for treating nausea and vomiting in the advanced stages of cancer and AIDS. Other uses of cannabinoids are found in the treatment of asthma and glaucoma and can also be used as an antidepressant and an appetite stimulant.
“Lots of institutions in India want to research the medical benefits of cannabis. Marijuana is still classified as a narcotic,” we intend to study and develop medical properties of cannabis for the treatment of epilepsy and chemotherapy-induced side-effects. Depending on the decision of the Drugs Controller General of India, we may even skip the initial research phases and begin with human trials,” says Avnish Pandya, Co-Founder Director of R&D at the Bombay Hemp Company (BOHECO).
Maneka Gandhi, Union Cabinet Minister for Women & Child Development has also called for the legalization of medical marijuana in India, and Rajya Sabha MP Tathagata Satpathy has suggested legalizing cannabis to discourage and curb the increasing rates of alcohol consumption.
