1620 Solutions Creates Bitcoin Awareness Among Cannabis Growers
1620 Solutions, an initiative by Veronica Carpio and Edgar Hemm in Colorado educates hemp and Cannabis farmers about Bitcoin and its advantages. Marijuana and other Cannabis based products may be legal in some states in the United States, but doing a Cannabis related business is not an easy task for many people. Even though the US Justice Department has clearly mentioned that it has no issues with financial institutions serving those involved in the newly legalized industry sector, the banks and payments platforms prefer to have it their own way. With many Cannabis producers having their....
Related News
Medicinal Genomics, which registers marijuana strains on the blockchain, has set off a race among growers to sequence and register their strains, according to Motherboard. Medicinal Genomics’ goal is to standardize strain nomenclature so that customers can know what they’re getting when they buy medical marijuana, while also defending the intellectual property rights of those who breed new cannabis strains. In addition to testing plants to check for microbial contamination and determine cannabinoid content to help cultivators meet state regulations, Medicinal Genomics also provides growers....
The Bitcoin Blockchain is by far the most secure and tested distributed network in the fields of cryptography and digital currencies, mostly due to its prioritization of security over flexibility and functionality. Weed growers have begun to take advantage of Bitcoin’s advanced security measures to create an unalterable repository of cannabis genomes. Over the past few years, the growth of the cannabis industry has rapidly increased as an increasing number of states and countries have begun to legalize the usage of medicinal and recreational marijuana. As such, more cannabis brokers,....
DopeCoin, the world’s first cannabis-themed digital coin, has announced the first official Grow Network for DopeCoin, with the first grow opening in Canada. DopeCoin is an open source peer-to-peer cryptocurrency that’s designed specifically for the cannabis industry in order to provide a safer and faster way of doing business. Joining the Grow Network, growers will be able to peg their cannabis plants to DopeCoin. Similar to the idea of a currency being pegged to gold, DopeCoin hopes to not only stabilize but also increase the valuation of its currency unit by tying it to physical cannabis....
A dozen medicinal cannabis cultivators and processors have partnered with Medicinal Genomics to record and track the genetics of cannabis strains on the Bitcoin blockchain to ensure product consistency and quality. Cannabis Strains on the Bitcoin Blockchain. Medicinal Genomics (MGC) is no stranger to Bitcoin. They have logged thousand of cannabis strains....
Blockchain and cannabis have one thing in common: they are both disruptive developments changing how people do business worldwide, particularly in the United States. When it comes to legal cannabis producers, blockchain has the potential to completely transform an industry that has been hampered by a shockingly slow development trajectory, resulting in increased revenues in the future. This isn’t only true for growers; blockchain’s impact on a sector will also affect retailers and producers. But before we look into the impacts, it is imperative to evaluate the cannabis....