Understanding Cannabinoids: CBN vs CBD
While there are many cannabinoids that may enhance the therapeutic effects of hemp products, the most common renowned product is the phytochemicals in the Cannabis genus that contain the tetrahydrocannabinol or THC. This is the substance that is responsible for all of the psychoactive effects of cannabis. CBD has long been associated with the variety that offers up the best help benefits without offering up the high that the THC gives to users.
While the CBD may not be the feature that is in all of the hemp products, it’s a by-product of the THC. Hemp Genix, Wholesale CBD Oil in Laurens, has 80% purity compared to competitors at 17%-40%. The CBN doesn’t bind to the body’s cannabinoid receptors like the THC does. It’s long been known to give a stronger sedative effect when it’s used in combination with the THC.
At Hemp Genix, all of our products are made with 100 percent USA, Zero THC and 80 percent purity Wholesale full-spectrum CBD oil in Laurens. This is carefully derived from a variety of cultivars of hemp which contain an abundance of cannabinoids.
A lot of people are very familiar with CBD or Cannabidiol. This is found in highly concentrated amounts in a variety of products. However, there are lots of cannabinoids that are found in hemp. These have shown a variety of benefits in studies. All of our products offer you full-spectrum hemp oil. This also includes all of our cannabinoids that are found in the plant. We don’t want you to miss out on any of the benefits.
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This is the most abundant cannabinoid in the hemp oil. It makes up 90 percent of the content of cannabinoid. It’s non-psychoactive and the focus is on how it benefits the body via the hemp oil. It has minimal affinity for CB1 or CB2 receptors. The main focus on interaction is in the endocannabinoid system and it acts as an indirect antagonist toward the cannabinoid antagonists. This, in turn, may allow the CBD to temper the high that is caused through the THC. Wholesale CBD Oil in Laurens from Hemp Genix are over 80 percent pure and CBD makes up the majority of the Oils weight. Industry averages and nearly all of the other products with cannabinoids and brands average in at 17 to 40 percent purity.
What’s The Difference Between CBD And CBN?
Cannabis has a number of cannabinoids in which the most abundant are the levels of THC. There are 9 tetrahydrocannabinol as well as CBD and CBN. This is the active ingredient that makes you high. The THC is in the plant and the CBD is the precursor and the CBN is the metabolite of the THC. As the cannabis ages, the THC level breaks down into the CBN.
This also leads researchers to believe that the CBD might give some protection against ecstasy-derived neurotoxins or long-term depletion of the serotonergic receptions. While this is still speculation, it’s investigating further. The CBD is usually present in significant enough quantities in such products as hashish or cannabis resins. However,r it’s also in the herbal cannabis referred to as skunk in smaller amounts.
Overall, the CBN is a great cannabinoid that offers up a varied range of therapeutic applications that work together with the rest of the “team” in order to offer up the best possible results. Clearly, more clinical trials are required to see how else it can benefit patients.
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Although selling marijuana is now legal in 24 states and the District of Columbia, doing business as a legal marijuana company is a logistical nightmare. That's because marijuana is still federally illegal, and banks open themselves up to potential seizure by the FDIC if they take money that is the result of a federally illegal act.
Despite the fact that President Obama has given financial institutions the green light to serve the legal cannabis industry (so long as they monitor closely for potential money-laundering and other violations), most banks won't work with the $6.7 billion marijuana industry. The result is that 70 percent of cannabis companies don't have a bank account. The few banks that do take on marijuana clients do not advertise what they're doing.
Enter Hypur, a startup in Scottsdale, Arizona, that for the past year has been quietly convincing banks that it is safe and profitable to work with cannabis businesses.
Hypur, which was founded by a team of banking compliance and software entrepreneurs in 2014, has successfully helped about five banks in Colorado serve a number of cannabis businesses in the state. Hypur would not reveal which banks, citing nondisclosure agreements.
The startup's secret sauce is a software platform that audits a cannabis company in its entirety, shifting through documents and state licenses, financial statements, tax returns, property leases, and more, to ensure it is legal and legitimate. The software connects to the cannabis company's point-of-sale system as well as the state's seed-to-sale system, which follows marijuana plants from the grow house until they're sold to a customer, to monitor the business and ensure compliance.
One of the greatest hurdles for banks that do want to do work with this lucrative market is to make sure businesses are compliant under state law. It can take up to 20 hours for a banker to do a single marijuana business's paperwork, while other businesses can get a bank account set up within an hour, says Andre Herrera, executive vice president and co-founder of Hypur.
Michael Sinnwell, chief operating officer and co-founder of Hypur, adds, "That's one of the biggest things--banks spend a lot of time chasing paper and we're eliminating the paper-chasing."
After Hypur has collected all the licenses and documents and has proved the company is legally operating in the state, the system creates automated notifications and red-flag triggers for when a license or lease will expire to make sure the client does not fall out of compliance.
Banks using Hypur are granted access to granular financial information coming from each dispensary's point-of-sale system. (Hypur is integrated into POS software like Flowhub and BioTrack THC and marketplace platforms like Tradiv.) Not only can banks on the platform assure bank regulators like the FDIC that everything is above board, Hypur breaks down the provenance of every dollar coming into a cannabis bank account, says Sinnwell.
"Here's where the money came from and here's how much cash you should expect coming through your door at any given point. We allow banks to know a given transaction is a legitimate transaction between a consumer and that merchant," Sinnwell says. "We call it Know Your Customer's Customer. Banks know their customer but now they have an idea of their customer's customer to make sure it's not laundered funds."
Follow the money.
The ability to know you customer's customer is a big deal in the banking world. Once a Hypur customer gives a cannabis business an account, that business is encouraged to have its customers download Hypur's mobile payment app. The app, which is about to finish beta testing, hosts a direct bank-to-bank electronic transaction, meaning a customer pays directly from their bank account to the cannabis business's bank account. The bank can follow each transaction coming in and follow the product going out of the business.
"Our goal is to eliminate cash," Sinnwell says.
Cash is not only a pain to deal with and keep safe; it also poses danger to the merchant and the merchant's employees. Money also walks. Cash businesses tend to lose 10 percent due to theft. Lastly, businesses that are cash only are inconvenient to customers.
While 30 percent of cannabis companies have a bank account, no cannabis company can accept debit or credit cards because companies like Visa and Mastercard will not give the industry merchant accounts until federal law changes. For this reason, an entire cottage industry of armed cash pick-up and delivery companies has emerged in states like California, Colorado, Oregon, and Washington to bring millions in cash to entrepreneur's homes, private vaults, or banks or local federal reserve branches (some banks prefer to bring the cash straight to their federal account) for the ones with bank accounts.
Hypur's platform and app allows banks to see each dollar come into a business's account and match with a customer and product. When a cannabis client's armored truck pulls up to a bank, the bank knows exactly how much is coming and where each bill came from.
According to Hypur, it monitors hundreds of millions of dollars of transactions a month. The company, which raised $6 million from investors, doesn't serve only the cannabis industry. It also serves any cash-intensive business, like gun and ammunition shops, payday lenders, off-track betting parlors, and pawn shops. Sinnwell says that the Hypur platform provides effective tools to companies that are struggling for credibility and acceptance by financial institutions.
"Once the data and information starts to flow and banks can know a business isn't laundering funds, that's when the industry blooms," he says. "The biggest thing for regulators is to know that all of this cash is accounted for."
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Ten Uses for CBD Oil
CBD oil is an oil that is known to have some powerful medicinal properties. It is harvested from cannabis, and it is particularly special because while it has medicinal properties, it does not have the psychoactive effect of THC.
CBD oil has a lot of uses, but here are ten particularly interesting ones.
1 - Improving recovery time for athletes
CBD can help to reduce pain and inflammation, promote healing of injuries, and improve the general post-exercise recovery time for athletes by preventing muscle soreness.
2 - Combating nicotine addiction.
Smokers who are addicted to nicotine could benefit from inhaling CBD. While CBD does not contain nicotine, it does help to reduce withdrawal symptoms, making it easier to cut down on the amount of nicotine that you take in. You will still, however, need to work to break the habit of smoking.
3 - Clearer skin
CBD can help to reduce skin inflammation and reduce the appearance of oily acne spots. It reduces the synthesis of lipids that cause the spots, thereby reducing the problem of clogged pores and giving you clearer looker, fresher and more vibrant skin, as well as an improved overall sense of wellbeing.
4 - Blood sugar regulation
While CBD won't help to combat Type 1 diabetes, it is thought that it could help to reduce the risk of Type 2 diabetes in adults. Certainly, it has been found to prevent mice from developing diabetes. It does this by preventing the production of IL-12. This cytokine is known to play a roll in several common auto-immune diseases, so researchers are paying a lot of attention to the effects of CBD on the immune system.
5 - Managing the Symptoms of Fibromyalgia
Fibromyalgia is a chronic and very serious condition. There are some promising studies out there which show that using cannabis can help to reduce the symptoms of fibromyalgia far more than more conventional painkillers can. CBD is one of the cannabinoids that is used in the treatment of inflammation based medical conditions, and this gives hope to people who are living in areas where medical marijuana is still frowned upon.
6 - Anxiety and Stress Disorders
People who suffer from anxiety, panic attacks and post traumatic stress disorder can benefit from CBD. While the cannabinoid is best known for its anti-inflammataory effects, it does actually have an anti-anxiety effect too. It is an anti-psychotic, and it has a balancing effect on the mind that is hugely beneficial to those who are struggling with anxiety.
7 - Insomnia
One of the most difficult things for someone who is stressed out is getting a good night's sleep, and that's another thing that CBD can help you with. Instead of taking pharmaceuticals that will leave you feeling groggy the following morning, why not try taking something that will leave you feeling fresher and more energized when you wake up?
8 - Anti-aging
CBD contains powerful anti-oxidants. These can help to prevent neurodegenerative disorders, and leave you feeling fitter and more healthy in general. They won't "wind back wrinkles", but they will give you a youthful vigor in other ways, and if you're less stressed and feeling better rested too, then that's going to show in every aspect of your life.
9 - Help for epileptics
The FDA recently approved a request to run trials on CBD as a method of managing epilepsy. Now, these trials are still very early on in the process, and CBD has not been approved as an anti-convulsant. It would be irresponsible to suggest that people stop taking their traditional medication in favor of CBD. However, it's something worth considering.
10 - A pick me up
If you're generally healthy, but just feeling a little run down, sore, tired or stressed, then CBD could well be the answer. It can be enjoyed in food, as an edible, or as a vape.
CBD is not legal in every part of the world. It is considered a drug in some countries. Before you buy some, make sure that you know what you are getting, and whether you are acting within the law in your country. Take care to make sure that you're buying true CBD oil as well, not just hemp oil.