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 Vance, 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 Vance. 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 Vance 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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How Vaping Can Help You Quit Smoking And How To Get Started
Anyone that has ever been addicted to smoking cigarettes can tell you how hard they are to quit. Many millions of people have tried, many hundreds of times in their lives, and never been able to quit smoking. But as fewer people start, and the older smokers die, there are fewer people smoking all of the time, so they've become outcasts in many states, cities, and even families. In most public places it's now illegal to smoke, so smokers are all standing outside freezing in the winter and sweating in the summer, to get their fix. Nicotine has been called one of the most addicting chemicals known to man, worse than heroin. So, just how can vaping help a smoker quit, is it safer, and how does a person get started?
Vaping Has Been Around Awhile, But It's Getting More Popular
Believe it or not, vaping and e-cigarettes have been on the scene for quite some time. They have advanced, gotten more high tech, been investigated, and millions have used them to quit smoking, sometimes successfully. Many scientists have weighed in on the subject, some pro, and some con, but the bottom line is that some people have been able to reduce their tobacco smoking habits and become more healthy.
In the real world, there are actually very few quit smoking programs that have worked for most people. In fact, when you check the statistics, most people fail at quitting smoking at least 6 times before they win the battle, or stop trying. So, if you're talking to a smoker and have anything to offer that could help them quit, they're going to listen.
Vaping Can Be Far Less Expensive Than Tobacco
The government has really cracked down on smokers and tobacco, making it one of the most expensive habits in the world. The real wholesale price of a pack of cigarettes averages about 50 cents, the rest is all federal, state, and local taxes. Estimates vary, but nearly all research shows that vaping and eCigarettes are at least 40% cheaper.
If you don't mind buying your own vaping oil and mixing it carefully into usable vaping batches in small bottles, you can save about 60% to 70% over the price of tobacco. While they use "pack a day smoker" for their statistics, there are millions of smokers that smoke at least 3 to 5 packs a day. Everyone knows a smoker that smokes a pack an hour too. These people could save thousands and thousands per year by not buying tobacco and mixing their own vaping oil instead.
Researchers Say Vaping Is Bad For Your Health
But they have to say that when anything is bad for you, they can't come out in favor of it. The real stats show that up to 95% of the harmful ingredients in tobacco aren't in eLiquids at all. This is according to the UK Public Health Department in a study done in 2015. Now of course, if you're trying to quit smoking, you're going to take anything that is less dangerous than cigarettes because they're for sure going to kill you.
The biggest worry that regulators have is that vaping will become a fad and many young adults that wouldn't smoke a cigarette will try vaping if they think it's not as dangerous. So far, government statistics aren't showing that many young people are using eCigarettes as a gateway to tobacco. On the other hand, they are helping some people quit smoking either tobacco or completely quit altogether.
The Best Way To Use Vaping To Quit Smoking
There are actually several addictions taking place when a person smokes cigarettes. The number one strongest, of course, is the nicotine that's considered very addictive. But, in addition to that, there is holding the cigarette, puffing, and inhaling the smoke too. And finally, there is the flavor of the tobacco. An eCigarette can do all of those things, then you can lessen each one gradually until you quit.
The nicotine is the hardest, you can adjust the amount of nicotine easily yourself if you mix your own, or have a vaping shop do it for you. You can also reduce the tobacco flavoring, or switch to one of a thousand other flavors if you'd like. The flavoring is the least of your worries, the nicotine reduction is the first priority.
Once you've reduced the nicotine, then get rid of the tobacco flavor, that will still have some carcinogens in it. Most of the thousands of other flavors are very clean, almost no cancer causing agents, plus no addictive chemicals either. If you have to continue smoking, vaping is the best alternative, and it may save your life in the end.
New research is coming out daily on the pros and cons of eCigarettes and vaping, everyone has to do their own research. But by all means, take the time to read the studies and pick the far lesser of two evils if you have to, if not for yourself, for those who love you.