cannabis News

Mendocino Clone Company, a cannabis farm from California, will use blockchain and smart contracts in California to track the authenticity of its medicinal plants. Mendocino Clone Company, which plants cannabis for wholesale distribution, has partnered with the EMTRI project and…

Brandmark, an Israeli-Japanese startup, utilizes blockchain technology to assist food manufacturers in showcasing their products’ source. It provides customers with transparency by telling them about the ingredients, where they came from, and their process. Blockchain Technology in Agriculture Brandmark is…

Vermont’s agricultural regulatory body, the Vermont Agency of Agriculture, Food & Markets (VAAFM) recently inked a deal with a local blockchain-based cannabis company, Trace, to use blockchain technology to track all stages of hemp production. The collaboration will ensure transparency…

Aeternity (AE), an open-source distributed ledger technology (DLT) network powering decentralized applications (dApps), has inked a partnership deal with Uruguay Can, a Uruguay-based firm producing clinical and recreational cannabis. The deal will enable Aeternity to develop a blockchain-based cannabis traceability…

A Berkeley councilmember became the first elected official to buy cannabis with cryptocurrency, according to a report by a Californian student newspaper, The Daily Californian on September 16, 2019. The introduction of cryptocurrency into the cannabis industry would help create…

Security Matters, a distributed ledger technology (DLT) project headquartered in Israel and listed on the Australian Stock Exchange (ASX) has filed a patent application in the United States for a blockchain solution for tracking the entire cannabis supply chain, reports…

Shoppers Drug Mart, a leading Canadian retail pharmacy chain with more than 1,300 stores across the region, has successfully completed the first phase of its distributed ledger technology (DLT) pilot for the tracking of clinical cannabis from genome to distribution,…

Alikiviades David, a Greek billionaire heir and his Swiss-based consortium have launched the Swissx Bank of Cannabis and SWX Coin. The Swissx Global Hemp Exchange will provide the entire marijuana industry with a secondary market for futures and other trades…

While classifying investments based on growth potential and risks, investors tend to cluster cryptocurrency, cannabis, and biotech together. While cryptocurrency has several more dimensions of risk, Rob Wertheimer of Melius Research gave a strong point of difference between cannabis and…

Eagle-eyed investors are constantly seeking financial instruments that have the potential to generate high returns. Sometimes their investment hopes go up in smoke, alas. Experienced traders will have noticed how the medical marijuana market has exploded – in 2017 record…

Far from its introductory issue of just 10,000 copies, High Times, “the original voice in cannabis” is expanding, and it’s inviting cryptocurrency along for the ride. The New York-based company is offering shares of its stock for just $11 per…

Although they are quite different, the legal cannabis industry and blockchain oddly have a lot of things in common. They are both relatively new, both are constantly moving into new territories and ideas, and they are both still quite fragmented…

California, Nevada, and Massachusetts legalized the recreational use of Cannabis on November 9, but the banking sector will reject Cannabis dispensaries as clients. This could be the perfect opportunity for Bitcoin. But, once again, the cryptocurrency alone does not magically…