Rising High On Canna-Biz
Entrepreneur magazine|Autumn 2019
Six start-ups dealing in cannabis bust myths about government policies, usage, product line and general perception. Tapping one of the most unexplored sectors, we take you on a high ride of the industry.
Shivangi Asthana
Rising High On Canna-Biz

From the divine association of cannabis with Lord Shiva to reigning as the theme in movies like ‘Go Goa Gone’ and ‘Kapoor & Sons’, India sure has come a long way. Bhang, charas or marijuana are not new names – these have been used for recreational purposes and in festive occasions since ages. What makes it relevant today is the billion-dollar industry waiting to be explored as a cash crop. Rolling up the sleeves to make fortune in the industry, Yash Kotak, Co-founder & Director, Bombay Hemp Company (BOHECO) kick-started the business in hemp in 2013 when there was no other significant player in the same play. The company started by creating a platform aligning farmers, government, industry partners, researchers, scientists, lawyers to gain consensus to create products, brand them and make them accessible to users. Kotak mentions, “We wanted to explore how hemp can contribute to fulfil the basic necessities of mankind from its 250,000 uses. We narrowed down to providing medicine, shelter, food and clothing from hemp.”

FROM SEED TO SALES iHemp products started its journey in 2011 globally and obtained government licence to grow industrial hemp in Uttarakhand. The Indian Industrial Hemp Association (IIHA) is an NGO promoting Indian iHemp while B.E Hemp India focuses on making stationery and accessories from hemp as a greener alternative. Interestingly, have you thought of living in a place made of cannabis? Giving shape to this far-fetched thought, GreenJams Infrastructure designs hempcretes – bricks made from hemp by using agricultural waste from Uttarakhand as a raw material and focuses on bio-aggregate building materials. NHempCoalso makes hemp seed oil to cure skin diseases such as burn, pain, acne, pigmentation and allergy. A 2019 AIIMS study reported that about 7.2 million Indians had consumed cannabis in the past year despite its illegality for commercial cultivation.

هذه القصة مأخوذة من طبعة Autumn 2019 من Entrepreneur magazine.

ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.

هذه القصة مأخوذة من طبعة Autumn 2019 من Entrepreneur magazine.

ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.

المزيد من القصص من ENTREPRENEUR MAGAZINE مشاهدة الكل
How To Ask Family For Money
Entrepreneur magazine

How To Ask Family For Money

Your friends-and-family fundraising round doesn't have to be scary and awkward. Here's advice from one of the world's leading investors.

time-read
3 mins  |
November 2024
Data Breach Drama: When Trust Turns Costly In A Digital Age
Entrepreneur magazine

Data Breach Drama: When Trust Turns Costly In A Digital Age

Amid data breaches surges, Indian businesses are prone to financial and reputational fallout. Can cyber insurance emerge as a safeguard?

time-read
4 mins  |
November 2024
THE TERRAIN TAMER
Entrepreneur magazine

THE TERRAIN TAMER

Spearheading a California-based, Series D SaaS company is no easy feat. It requires a blend of ownership, innovation, and the ability to handle stress. But Anand Jain, co-founder and chief product officer of Clever Tap, finds his calm by escaping to rough terrain whenever he gets the chance-be it India or Colombia.

time-read
2 mins  |
November 2024
THE INTELLIGENT READS
Entrepreneur magazine

THE INTELLIGENT READS

Hardika Shah founded Kinara Capital in 2011 with the mission to address the acute credit gap in the micro-small-medium-enterprises (MSME) sector in India, by providing fast and flexible business capital to small business entrepreneurs. Despite operating in highly competitive and tough market of collateral free loans, Kinara Capital has been steadily growing in Hardika's leadership. In conversation with Entrepreneur, Hardika shares insights on her favourite books.

time-read
1 min  |
November 2024
THE CURSE OF GROWING TOO FAST
Entrepreneur magazine

THE CURSE OF GROWING TOO FAST

FAIRE is a platform for small businesses, but it grew big the wrong way-almost becoming a $12 billion wreck. Here's how it fixed the problem, and why you should think twice before skyrocketing.

time-read
10+ mins  |
November 2024
There's No Perfect Answer
Entrepreneur magazine

There's No Perfect Answer

I worked the same job for 19 years. I hated it, but it paid the bills. Then, in 2017, I entertained an exciting but terrifying question: Could I be an entrepreneur? I wasn't sure, so I needed something that felt like a guarantee. I searched for signs that would feel like a big, clear \"yes!\"

time-read
1 min  |
November 2024
Give Yourself the Gift of Time
Entrepreneur magazine

Give Yourself the Gift of Time

Happy holidays! Emmy Award-winning tech expert Mario Armstrong has five recs to get more hours in the day.

time-read
2 mins  |
November 2024
How to Become a Main Street Millionaire
Entrepreneur magazine

How to Become a Main Street Millionaire

It started when I bought one little laundromat. Now I have a whole portfolio of small local businesses that bring in tens of millions in revenue a year. Here's why following my playbook could be your ticket to financial freedom-and saving America's local small businesses.

time-read
5 mins  |
November 2024
Want to Better Serve Your Clients? Become Them.
Entrepreneur magazine

Want to Better Serve Your Clients? Become Them.

As a designer for brands, starting my own product company gave me a dose of humility-and it changed the way I relate to clients.

time-read
3 mins  |
November 2024
How to Succeed With Gen Z Workers
Entrepreneur magazine

How to Succeed With Gen Z Workers

People often say that younger employees are different. But are they? We asked six business leaders what they've learned, and how their teams thrive.

time-read
2 mins  |
November 2024