A crypto company that aims to support cannabis businesses and enable shoppers to find quality products has announced it is switching to the Cosmos blockchain.
Marijuana is a drug manufactured from the plant cannabis and used for medical and recreational usage. Marijuana is used for its mental and physical effects, such as euphoria and changes in perception. Long-term consuming of marijuana can lead to addiction, decreased mental capabilities and psychosis. Marijuana consumption is illegal in most of the world, but is still widely used. The Bitcoin marijuana industry was one of the driving factors of the cryptocurrency popularization, because of the privacy in crypto transactions. Dark markets allows users to buy both marijuana seeds with Bitcoin and to order ready-to-use marijuana with it. But using Bitcoin for medical marijuana purchases is also available and used in countries where it is legal, and stores are starting to accept payments in crypto. The relationship between Bitcoin and the marijuana industry are a concern for authorities and one of the major reasons why there are possible cryptocurrency restrictions.
Cannabis users in the state may soon be able to pay for their green without cash.6262
Measure Protocol, a blockchain-based data marketplace, has partnered with the Broccoli app to create a cannabis research project.4221
Medical and recreational cannabis producer Uruguay Can taps Aeternity’s blockchain to track its supply chain.3874
Big Four auditing firm Deloitte has partnered with blockchain startup TruTrace to track cannabis using blockchain technology.5077
A drug-dealing couple has pleaded guilty to selling a variety of controlled assets on the dark web in exchange for cryptocurrencies.4259
An Arizona startup is testing its stablecoin payments platform for the medical marijuana industry through the state’s fintech sandbox.4275
Diversified crypto and blockchain firm DMG Blockchain will develop a blockchain-powered platform to manage supply chains in the Canadian marijuana industry.8332
How these non-traditional asset classes are using each other to break down barriers.10589
CyberCar, the Colorado-based IoT firm, is putting their knowledge of Blockchain technology to work in helping monitor the medical marijuana industry.14585
The US psychedelic research organization MAPS has started accepting Bitcoin donations. The move is the latest in a series of beneficial decisions for Bitcoin from the US’ fledgling medical marijuana industry.653
Ann Rivers, a Washington State senator, introduced last week a bill to ban the use of bitcoin in purchasing or selling marijuana-related products.683
In the medical marijuana industry where cash has taken a killer role, a company has created an app to solve payment problems.749
In a world where cash is king, crime is rife. Bitcoin has come to the rescue of the cash beleaguered medical marijuana businesses.1512
BitMD is a company that combines point-of-sale (POS) terminals, wallet software and Bitcoin Teller Machines (BTMs) to enable patients to pay medical providers in Bitcoin right at the counter.1161