About Cannabis, Hemp, and Medical Marijuana
Q: What exactly is cannabis?
Cannabis is a flowering plant native to Central and South Asia, although now it is grown all over the world. It has long been used for its fiber, seeds, and oil, which have myriad applications, from building materials to plastic alternatives to food products to biofuel. When bred for these purposes, it is commonly referred to as hemp.
The flowers of certain cannabis plants are predominantly used as follows:
- As medicine and for relief from aliments and disease symptoms (link to medical marijuana section)
- For recreation
- For use in religious rites/spiritual enlightenment
When bred specifically for these purposes, it is referred to as marijuana among other names. Marijuana can have a variety of potencies depending on the level of tetrahydrocannabinol (THC), the principal psychoactive constituent in the plant.
Extracts can also be made from the cannabis plant to make hashish and hash oil.
Q: What is hemp?
Hemp refers to the soft, durable fiber from cannabis plant stalks. It has been used by many civilizations--including China, India, Europe and North America--over the past 12,000 years.
This fiber is used in making tens of thousands of industrial and commercial products--including paper, cordage, construction material, clothing, and body care products. Hemp is stronger and more durable than cotton. BMW's electric car, the i3, uses it liberally in its interior because of its lightweight, durable properties. In addition, hemp can be processed to be used as biofuel.
Cannabis plants used to make hemp foodstuffs are non-intoxicating. In fact, many countries regulate the limits for the psychoactive compound (THC) in plants that are grown specifically for use in products labelled as "hemp."
Hemp does, however, contain the non-psychoactive compound, CBD, which has been found to have a huge potential in medicinal applications (link to medical marji page). The combination of its wide industrial applications, the fact that is contains CBD, and that it has only contains trace amounts of THC make hemp a fine candidate for immediate legalization, no matter what people's stance on marijuana may be.
Q: What is medical marijuana?
Marijuana has been found to alleviate a number of medical conditions and has been used as medicine across many cultures dating as far back as the Neolithic Period. It has been found to be greatly effective in decreasing nausea and vomiting as well as increasing diminished appetite for those in chemotherapy and those suffering from...
Q: What is "marijuana for adult use?"
Marijuana has been used for relaxation, enjoyment and stress relief as long back as it has been used as medicine. Its psychoactive and physiological effects can include heightened mood or euphoria, relaxation, and an increase in appetite.
Some less desirable side-effects of using marijuana can sometimes include a decrease in short-term memory, dry mouth, impaired motor skills, reddening of the eyes, and feelings of paranoia or anxiety.
Q: Isn't marijuana just for hippies, stoners, burnouts, losers, etc.?
Although there is a strong cultural stigma around marijuana as a drug for outsiders, criminals, and other undesirables, it is far from justified. Cannabis has been used by many highly functioning, contributing members of society, as well as some of the world's foremost thinkers.
Some of the most notable achievers who are also admitted cannabis users and/or advocates include...
Q: But isn't cannabis illegal?
According to federal law, yes, cannabis is illegal. However, over the past several years, the federal government has taken a more hands-off approach, giving individual states the authority to decide how they will deal with the plant themselves. With states like Colorado and Washington fully legalizing the plant, and many more legalizing medical marijuana, public opinion is surely changing, which is surely a precedent for…
About Poseidon Asset Management
Q: What is your company manifesto?
Poseidon Asset Management, LLC is dedicated to putting capital to work, funding the most promising ventures in the Cannabis industry, and allowing investors to grow...
Q: What about investing in cannabis--is that illegal?
No. The majority of what Poseidon invests in doesn't “touch the plant”--in other words, the fund is primarily invested in ancillary solutions, products, and services that only serve the cannabis industry.
Q: How old is the fund?
Though we have been researching and investing our own capital prior to this point, the fund launched in January 2014.
Q: Who can invest?
The fund is open to accredited investors. Contact us for additional details.