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Hemp is a variety of the Cannabis Sativa plant species that is grown specifically for the industrial and pharmaceutical uses of its derived products. Although Cannabis and Hemp both derive from the same species, Cannabis Sativa, and contain the psychoactive component tetrahydrocannabinol (THC), they are two distinct strains with different and unique phytochemical compositions. Hemp has lower concentrations of THC and higher concentrations of Cannabidiol (CBD), which decreases or eliminates its psychoactive effects.